You place a bid on the item, you enter the max amount you are willing to pay for the item. If the item is AED1,000 but you know it is worth AED15,000 to you. You can put a bid of AED15,000 on the item. The other bidders do not know your maximum bid amount. Then our system places bids on your behalf starting with the next bid increment for the auction. The bid increment is the amount by which a bid will be raised each time the current bid is outdone. It is predetermined based on the current highest bid. See the increment table below.
| ID |
Min price |
Max price |
Bid increment |
|
21 |
0 |
10000 |
500 |
|
22 |
10001 |
10000000 |
1000 |
|
23 |
5000 |
9999 |
100 |
Published: May 9, 2022 12:01 PM 
