A few thoughts on REA bidding

[Jim VB]

Barry's correct. The Auto-bid increments have to alternate or else people could play a blocking game. In the example you use: The Ruth is at $10,000. You bid $11,000. And you select $12,000 as a block. If someone else bids, he can't top you without going to $13,000. If no one bids, are you willing to pay the $12,000?

And as far as the increments being far apart, that only becomes an issue when the price gets up there. On a $10,000+ item, you wouldn't want the bidding increments to be $50.00. (This doesn't table well, but it's listed in their Terms & Conditions.)



Bidding increment table follows:



Minimum Value Maximum Value Expected Bid Increment



from US $ 0 to US $ 499 US $ 50

from US $ 500 to US $ 1999 US $ 100

from US $ 2000 to US $ 4999 US $ 250

from US $ 5000 to US $ 9999 US $ 500

from US $ 10000 to US $ 19999 US $ 1000

from US $ 20000 to US $ 49999 US $ 2500

from US $ 50000 to US $ 99999 US $ 5000

from US $ 100000 to US $ 499999 US $ 10000

from US $ 500000 to US $ 999999 US $ 50000

from US $ 1000000 and above US $ 100000