What is a bid increment?
A bid increment is the amount by which a bidder has to outbid the currently highest bid.
Bid increments are determined for certain amounts, i.e. the increment is 5€ for the range of 0€ to 50€.
What is the first bid increment?
The first increment is always the starting price of a lot. A bid below this price is not accepted. After this bid has been made, the following bids are made according to the bid increments valid for the respective auction and shown on the matrix below.
When does which bid increment apply?
In a standard auction pre-bids can only be issued on the basis of the bid increments. This also applys to bids placed live at the auction house during the auction.
As an exception, the auction house may accept bids independent from the bid
The following table shows the current bid increments for the auction. Please note that although these apply for this auction, they are not necessarily valid for other auctions!
|Current price||Bid increment|
|0 EUR||50 EUR|
|1.000 EUR||100 EUR|
|2.000 EUR||250 EUR|
|5.000 EUR||500 EUR|
|20.000 EUR||2.000 EUR|
|50.000 EUR||5.000 EUR|
|100.000 EUR||10.000 EUR|
|1.000.000 EUR||100.000 EUR|