Not necessarily. Your absentee bid is only taken as far as someone else is willing to bid. When you submit an absentee bid with us, we will bid on your behalf up to that amount. For example, if your maximum absentee bid is $1,000 on a lot and the highest bid before your last incremental bid is $500, your next bid would be $550. If no one bid over your last bid of $550, you would be the successful bidder at $550.