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 CHF 1.- 5€ for the range of CHF 1.- to CHF 999.-.
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.
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 |
---|---|
CHF 0.00 | CHF 1.00 |
CHF 1'000.00 | CHF 10.00 |
CHF 10'000.00 | CHF 50.00 |