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Posted By: David Vargha

Different places have different rules. In some auction houses, the max bid increments jump by two levels rather than one as your scenario seems to describe. Here is what happened (using made-up numbers):

You had a bid of $1,000 with a $1,250 max bid. Another bidder bid $1,000 also, bumping your bid up to $1,250.

In many auction houses, you would have been required to have a $1,500 max bid. The next bidder would have been required to bid $1,250 and you would have then gone up to your max bid of $1,500.

So in one sense, consider yourself fortunate that scenario #1 took place instead of scenario #2.

DavidVargha@hotmail.com