Hi, I'm watching a few expired domains on GoDaddy's Auction that I REALLY want to win. I'm prepared to pay big money for them $10k+ , but right now they are only at $10. I want to confirm that if I place a bid, it is automatically treated as a PROXY bid, and that I will only have to pay the next multiple above the highest bidder as long as it is less than $10k. In other words, if I place a $10,000 bid, and someone else bids $75, then I will only have to pay $85, not the full $10,000, correct? I want to win, but not shoot myself in the foot! Thank you, Miles.