Bidding

How bidding works: 

- Bids are placed by entering a dollar amount in the bid box. 

-The software will save your bid as a MAXIMUM bid.

-The active bid will increase only when the next bid placed is greater than the first bid and it will increase only to the NEXT minimum bid increment. (For Example: if the lot is currently at $6 and I bid $20, the system will raise the bid to the next increment - $7) 

- You can change your maximum bid, but that bid must be at least the next minimum bid increment (Example: I have mistakenly bid $1000 and wish my maximum bid to be $100. I am currently leading the active bidding at $75. I can change to any number greater than $75 (therefore - $76 or greater).  

 

Bid Increments: 

$1 - $50 - Minimum bid increment is $1

$50.01 - $100  - Minimum bid increment is $2

$100.01 - $250 - Minimum bid increment is $5

$250.01 - $500  - Minimum bid increment is $10

$500.01 - $1000 - Minimum bid increment is $25

$1000.01 - $5000 - Minimum bid increment is $50

$5000.01+ Minimum bid increment is $100

This is a soft bid auction. If two or more bidders are actively bidding within the last 2 minutes of the auction closing the clock will add 2 more minutes to the clock until all bidding stops. Once active bidding stops the clock will count down from when the last bid was placed.