Bid increments

[swarmee]

Originally Posted by RedsFan1941

i just double-checked. neither Heritage or REA have 10 percent increments.

Ok, was going off the top of my head. Guess they agree with me. ;-) Appreciate the correction.

[pokerplyr80]

This is copied from the heritage website. I don't see anything I'd change if I were designing bid increments for an auction site.

Current Bid Bid Increment
< $10 $1
$10 - $49 $2
$50 - $99 $5
$100 - $199 $10
$200 - $499 $20
$500 - $999 $50
$1,000 - $1,999 $100
$2,000 - $4,999 $200
$5,000 - $9,999 $500
$10,000 - $19,999 $1,000
$20,000 - $49,999 $2,000
$50,000 - $99,999 $5,000
$100,000 - $199,999 $10,000
$200,000 - $499,999 $20,000
$500,000 - $999,999 $25,000
$1,000,000 - $1,999,999 $50,000
$2,000,000 - $9,999,999 $100,000
>= $10,000,000 $200,000

[AGuinness]

Originally Posted by pokerplyr80

This is copied from the heritage website. I don't see anything I'd change if I were designing bid increments for an auction site.

Current Bid Bid Increment
< $10 $1
$10 - $49 $2
$50 - $99 $5
$100 - $199 $10
$200 - $499 $20
$500 - $999 $50
$1,000 - $1,999 $100
$2,000 - $4,999 $200
$5,000 - $9,999 $500
$10,000 - $19,999 $1,000
$20,000 - $49,999 $2,000
$50,000 - $99,999 $5,000
$100,000 - $199,999 $10,000
$200,000 - $499,999 $20,000
$500,000 - $999,999 $25,000
$1,000,000 - $1,999,999 $50,000
$2,000,000 - $9,999,999 $100,000
>= $10,000,000 $200,000

This makes sense for increments. I might have landed the card in Leland's if they used this.

[chlankf]

I might have landed the card in Leland's if they used this.

+1

[Leon]

The key to winning an item is to pay more than anyone else. Increments have never bothered me too much. I bid what I want within the specified ranges. If I don't win it wasn't meant to be. I don't know if lower increments would help or hurt.

[Aquarian Sports Cards]

The two trains of though in the auction world are:

1. Lower increments encourage more bidders to participate and also make it less painful to extend one's self above what was originally planned.

2. Higher bid increments net bigger totals because if you want it at the end you are going to have to pay the bigger jump.

I lean towards #1 personally.

[AGuinness]

Originally Posted by Aquarian Sports Cards

The two trains of though in the auction world are:

1. Lower increments encourage more bidders to participate and also make it less painful to extend one's self above what was originally planned.

2. Higher bid increments net bigger totals because if you want it at the end you are going to have to pay the bigger jump.

I lean towards #1 personally.

I've been thinking about increments (because I have to have SOMETHING to think about, right?) and I'm wondering if higher bid increments also may contribute to more early bidding. I'm very inexperienced in the AH world, but if I had really been on my game for the Leland's auction, I would have put in an early autobid up to the $76 level to "claim" that bid first. Since the increments in this case seemed to have dissuaded any bidding above that level, it would pay to be the first in the door at that level. This only works if the increments remain consistent for all bidders (which based on others posting in this thread, isn't always the case).