Auction Listing Structure
  • Start price (can be £0)
  • Optional reserve price
Bidding Rules
  • Bids increase in £100 increments
  • Example: If current top bid is £500, you must bid £600 or more
Maximum Bid System
  • Bidding higher than the minimum increment sets your maximum bid
  • Current high bid only increases by the minimum increment
  • Example:
    • Current high bid: £600
    • Your maximum bid: £1500
    • New high bid: £700
    • Other bidders must exceed £1500 to outbid you
Reserve Price Auctions
  • Maximum bid must exceed reserve to start £100 increments
  • Example:
    • Reserve price: £2000
    • Your maximum bid: £1500
    • Result: You’re highest bidder but haven’t won the auction
Automatic Bidding
  • System automatically increases your bid up to your maximum
  • Stops when your maximum is reached or exceeded by another bidder