At any point in the auction, a submitted bid must be at least one bid increment higher than the current auction value. The system does not accept bids with decimal point. The required bid increments increase as the auction value increases, in accordance with the auction bid increment table.
The table below provides the defined bid increment requirements. For example, if the auction value is $350, then the next minimum valid bid would be $350 + $10 = $360. If the auction value was $2,499, then the next valid minimum auction bid would be $2,499 + $100 = $2,599. In general, the next valid minimum bid can be determined by finding in which range the current auction value occurs and then adding the appropriate increment.