Bidding process

From placing bids in real time to setting MaxBids

In an ongoing auction, users can place manual bids or set MaxBids to automate their bidding process. When placing a bid, each bid must meet or exceed the current bid by a specific increment. The bid increments vary based on the price range, as seen in the attached table:

• • $0 – $1,499 → $100

  • $1,500 – $9,999 → $250

  • $10,000 – $24,999 → $500

  • $25,000 – $199,999 → $1,000

  • $200,000 – $399,999 → $2,500

  • $400,000 – $999,999 → $5,000

  • $1,000,000+ → $10,000

When setting a MaxBid, the system automatically increases the bid by the appropriate increment up to the specified maximum, ensuring the user stays competitive without needing to manually track each bid.