The bid increment is the minimum amount a bid can be raised each time a new offer is submitted, it is determined by the value of the most recent bid.
For example:
Bidder 1: $210
Bidder 2: $230
To continue bidding "Bidder 1" must enter a bid which meets or exceeds $240.
| Top bid |
<= 500 |
$500 - $2.5K |
$2.5K - $10K |
$10K - $25K |
$25K- $100K |
$100K- $500K |
> $500K |
| Min bid increment |
$10 |
$50 |
$200 |
$500 |
$1,000 |
$2,500 |
$5,000 |
