What is a max bid and how does it work?

Why did my max bid go straight to the maximum amount?

How do I set a limit on my max bid?

What happens if a max bid is placed on a lot with a reserve price?

Can I change the amount of my max bid after I've placed it?

What happens when I reach my max bid limit?

Who can see my max bid?

Can I cancel my max bid?

Can I place a max bid if I already have the highest bid?

What happens if I place a max bid in the last minute of the auction?