A Mega Auction is one method of auctioning multiple, identical items. A minimum price (the Opening Bid) is specified and the number of items available is also shown in the auction listing detail page. Bidders can then bid at or above the minimum price for the quantity of items they wish to purchase. Bidders must specify both the bid amount per item and the quantity of items they wish to buy. At the close of the auction, all winning bidders purchase the items at the bid amount that they placed.
Note that you may not win all of the quantity you specified if your bid was not high enough, so please use caution with multiple item formats like Mega Auctions. During the auction, you may notice that you are winning some but not all of the items you specified. You may place another bid at any time, but as long as you are winning at least one item, your new bid value may not be lower than your previous total bid value. For instance if you initially placed a bid for a quantity of 10 items at $5.00 each you total bid value is $50.00. If during the auction you notice that you are winning some but not all of the 10 items and you wish to place a new bid, your new bid must have a value of at least $50.00. Also, Proxy Bidding is not used with Mega Auctions. The full amount of your bid will become your active bid if it is accepted.