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:

• For lots between 0 and 1,499, the bid increment is 100.

• For lots between 1,500 and 9,999, the bid increment is 250.

• For lots between 10,000 and 24,999, the bid increment is 600.

• For lots between 25,000 and 199,999, the bid increment is 1,000.

• For lots between 200,000 and 399,999, the bid increment is 2,500.

• For lots between 400,000 and 999,999, the bid increment is 5,000.

• For lots above 1,000,000, the bid increment is 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.