Listing Lifecycle

Initial status	Action	Result
New	Bid	Bid is an offer of a price for an article.
2	Buy Now	Buy Now is an option for immediate purchase. You can choose buy now option in which placing a bid equal to the buy now price and to purchase it immediately.
3	Current Bid	This is the present value of the article being placed by the potential buyers. You will NOT see Current Bid - if you are the first person who will start bidding
4	Reserve Price	This is the minimum value which seller expects the article must be sold on
5	Reserve Met	If the current bid is more than or equal to the reserve price,then reserve met message will be displayed else the reserve not met message will be displayed
6	Next Bid	This is the next proposed bid which buyer can either accept or place a bid more than the shown bid. For e.g. In a specimen bid, next bid is showing as $47AUD ,the user can place a bid of $47 AUD or more say $50 AUD.
7	Auto Bid	To benefit bidders who can't be present when the auction closes, this feature allows bidders to place a maximum limit up to which they are willing to pay. System will automatically place the minimum required bid up to that limit.
8	Place Bid	Place Bid means placing your quote for that article of interest. This bid price must be more than the current price, to put you above the current leading bidder queue.
9	Closing time	This shows for how long the bid will remain valid
10	Time Remaining	This is the time elapsed for the bidding to be closed
11	Like/Share/Follow	Like - Like the page and share with friends and families. Share - Share the live auction with friends and families and bring them in for bidding as well. Follow - Bidder can follow the listing if not interested in currently buying it.
12	Bid History	Bid History gives you the list of top bidders for the article; this will help you to understand the buying trend.