Auto Bidding

Does the plug-in already have the ability for a bidder to do auto bidding? Say an auction starting bid is $50,000 and a bidder is willing to pay up to $75,000 on an auction. Ideally, the bidder would like to put in a bid of $51,000 to start and set auto bidding to increase their bid by $1,000 (example) up to their maximum bid of $75,000. This would help bidders so they do not have to sit and hover over an auction, the system will increase their bid automatically up to their maximum bid amount if they are outbid by another bidder. Thoughts?