Auction house bid increment thoughts

[egbeachley]

Originally Posted by BeanTown

Exactly, thus I will make a small bid back at him or even jump the bid. But bottom line is the bidding war has begun and that only benefits the consignor and auction house.

But you said at first that you have a budget, hence not wanting to do a large increment. So you are unable to continue the bidding war and the auction house makes less.

Small increments or large increments even out in the long run.