Some of Saco Rivers bid increments are awful too. That's why a lot of their bids end at $100. Next increment is $125. I'm not even a fan of 10% bid increments on Heritage or REA. Making those 3-5% would increase the numbers of bids and likely the competitive drive of the bidders to win the item.
Seems to be widespread, however, so there must be some "industry knowledge" or historical document that people believe it works.
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PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
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