Thread: Mastro & Other auctions..why the 10% bid increments??
View Single Post
  #21  
Old 06-08-2007, 10:18 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Mastro & Other auctions..why the 10% bid increments??
Posted By: JimB

Anonymous,
That is not technically correct. If you have a $1,000 bid in, you can always make a straight bid of 1100. You are essentially raising your own bid to 1100 so that you are the first one to that level. One problem with Mastro auctions is that they only allow top all bids in increments of 20% .
JimB

edited for grammar

Reply With Quote