What are the bidding increments for an auction?
We have different types of bidding increments for our auctions; however the most typical is an opening bid of $10 with bidding in increments of multiples of $2.50. So if you place a bid of $11, your bid will only be represented up to $10. Also if you place an opening bid of $10 and then a max bid of $12.50, your bid will be represented at $12.50 since there is no intervening bid increment available, so your max bid should be at least $5 more than your opening bid, i.e. opening bid = $10, max bid = $15. Please bid accordingly. Bids under $50. work in $2.50 increments; Bids above $50, but under $100 work in $5.00 increments; Bids above $100 but under $500 work in $10.00 increments; Bids above $500 but under $1,000 work in $25 increments; Bids above $ 1,000 but under $5,000 work in $50.00 increments and bidding up to $100,000,000 work in $100.00 increments. Our jewelry auctions have opening bids that vary depending on the appraisal price of the item but work with the same bid increments.
