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What is the Minimum Bid Increase?

April 26, 2017bid increase minimum

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What is the Minimum Bid Increase?

1 Answer

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10% minimum increase, in whole dollar amounts. There will be no exception to this rule prior to the auction going live at 1:00 PM EST on August 12th, 2011. Once the auction goes live, all bids accepted live in the room as well as all bids accepted online and via the telephone will be in whole dollar amounts and in some cases in increments higher or lower than 10%. This will be at the live auctioneer’s discretion.