How Bidding Works
When you place your bid, it will be treated as the maximum you are willing to bid. The system will automatically place your actual bid (what you'll pay if you win the item at that price) at the lowest next minimum increment (usually $1) above the previous high bid of the auctioned lot item. Bids will continue to be automatically placed for you when other bidders bid up to your maximum bid. If another bidder sets a maximum bid above your maximum bid, you will be automatically outbid by the minimum increment above the previous maximum bid.
For example, if the previous high bid (current price) for the item was $1 and you bid $50, the bid automatically placed for you will be $2 (assuming the minimum bid increment is $1). If another bidder bids $20, the system will automatically place your next bid at $21, immediately outbidding the other bidder. If another bidder places a max bid of $100, the system will automatically place their bid at $51, immediately outbidding your max bid of $51. To regain the winning bid for the item, you would need to bid $101 or higher (however the other bidder's max bid will be unknown).
Increasing Minimum Bid
As an items current price increases, the minimum bid increase will increase in accordance with the following:
- $1.00 up to $25.00 - minimum $1.00 bid increase
- $25.00 up to $50.00 - minimum $2.00 bid increase
- $50.00 up to $100.00 - minimum $5.00 bid increase
- $100.00 up to $300.00 - minimum $10.00 bid increase
- $300.00 up to $1,000.00 - minimum $25.00 bid increase
- $1,000.00 up to $2,000.00 - minimum $50.00 bid increase
- $2,000.00 up to $5,000.00 - minimum $100.00 bid increase
- $5,000.00 and up - minimum $250.00 bid increase
If an auctioned lot has less than 5 minutes remaining until its expiration, each time someone bids on the auctioned lot, the expiration time of the auctioned lot will be extended another 5 minutes. This is to prevent bid "sniping."