> For the complete documentation index, see [llms.txt](https://support.tilt.app/tilt-help-desk/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://support.tilt.app/tilt-help-desk/purchasing/buying-on-tilt/how-pre-bids-work/pre-bids-faq.md).

# Pre-Bids FAQ

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<summary><strong>What happens if I don’t win the auction?</strong></summary>

You won’t be charged.

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<summary><strong>Do pre-bids expire?</strong></summary>

Yes. If the auction isn’t held within 3 days, your pre-bid will automatically expire.

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<summary><strong>Can I change or cancel my pre-bid?</strong></summary>

You can increase your maximum bid at any time, but you cannot cancel a pre-bid once it’s placed — unless the listing is cancelled or the pre-bid expires.

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<summary><strong>What happens if multiple buyers place the same max pre-bid?</strong></summary>

The first buyer who placed the highest bid will win if no higher bids are made during the auction.

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<summary><strong>What happens if a pre-bid winner doesn’t pay?</strong></summary>

The item will automatically be offered to the next highest bidder. For more information on this, please refer to our [Second Chance FAQ](https://support.tilt.app/tilt-help-desk/purchasing/auctions-and-second-chance-faq).

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<summary><strong>What happens if I win?</strong></summary>

You’ll be notified if you win. To view your bids at any time, go to your profile and tap on **Your Bids.**

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