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#26
06-09-2007, 08:46 AM
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Mastro & Other auctions..why the 10% bid increments??
Posted By: leon
First of all the 10% increments in auctions seem fine to me on lower dollar items, however I wish at some higher price point they could go to 5% (I know they do in some auctions when the bidding gets real high but those are usually in the stratosphere)....So if a card/object reaches 5k, which I think is a good threashhold, it goes to 5% instead of 10%. I remember a very recent auction where the bid was over 12k and I didn't want to go another $1400'ish on the lot but I probably would have gone $700 more.... I believe everyone would win in that scenario. BTW, I have a general studies degree instead of a business one due to math 
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. regards
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