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What does “Asking Price” and “Minimum Opening Price” mean?

asking price mean
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What does “Asking Price” and “Minimum Opening Price” mean?

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Asking Price is the price requested by a Seller. The Minimum Opening Price is set by auctions.allproducts.com, which is adjusted for each auction. The latter could be lower or higher than the Asking Price. Bidders will not know the asking price until they submit a bid. • What is the bid increment? Index Bid increment is set automatically by the auction system, and is dependent on the product value. Every time you place a bid, your price must meet the minimum opening price plus the bid increment. A price under this amount will not be accepted. • How do I place a bid? Index After selecting the auctions you would like to bid on, you will be asked to submit a bid. Once you choose your bid amount and click “Submit My Bid Now”, your bid information will be listed on another page, where we will then ask you to confirm your bid in order to make sure all the information is correct. When you click “Confirm” on the Bid Confirmation page, your order will be entered into the system where you can mo

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