This article provides the default Proxibid bid increments and information on how to change them.
This article contains the following sections:
Viewing Bid Increments
Bidders and auction companies can view the bid increment table being used for an event by navigating to the event on Proxibid (not AuctionBuilder) and then clicking on the Increment Table link located at the top of the catalog.
Please contact a Proxibid Account Manager to with any questions relating to an event's bid increments.
Default Bid Increments
The default bid increment table for Proxibid is below. If a custom increment table is not put in place, an event will use the table below.
Custom Bid Increments
Auction companies do not have the ability to alter their bid increments. Please contact a Proxibid Account Manager to request changes to bid increments.
Changes can be made at the company level (creating a new default for the company) or at the auction level. An increment table cannot be applied to an inidvidual lot within an auction.
Changes to bid increments must be completed before an event goes online.
When creating a custom bid increment table, please consider the following:
- The first Low value entered must be either $0.00 or $0.01.
- The Increment value must be divisible by the Low value.
- The Increment can only increase- it cannot decrease.
Article is closed for comments.