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What are bid increments?

The bid increments is the amount that tells how much the next bid should be higher than the previous one.

Bid increments

At the Galeria, the seller determines the bid increments, which can be of 2 types:

1. Bid increments according to the default settings
2. Own bid increments

1. Bid increments according to the default settings

By default, the bid increments are always determined by the current price of the item and according to the status of the auction, our system will automatically determine the extent of the bid increments:

Current price

Bid increments

1 - 99 HUF 10 HUF
100 - 999 HUF 50 HUF
1.000 - 1.999 HUF 100 HUF
2.000 - 4.999 HUF 200 HUF
5.000 - 9.999 HUF 500 HUF
10.000 - 24.999 HUF 1.000 HUF
25.000 - 49.999 HUF 2.000 HUF
50.000 - 99.999 HUF 5.000 HUF
100.000 - 199.999 HUF 10.000 HUF
200.000 - 499.999 HUF 20.000 HUF
500.000 - 999.999 HUF 50.000 HUF
1.000.000 HUF - 100.000 HUF

Important: Although the bid increments are indicated, we reserve the right to change them in order to optimize the operation of Galeria Savaria or increase sales efficiency.

2. Own bid increment

If you would like to determine own bid increment, you can do this, as well. In this case, the bid increment will increase with the fixed amount specified by you and the current price of the auction does not affect the modification of the bid increment. E.g.: You determine the starting price at a level of 10,000 HUF at the start of the auction, and set 5,000 HUF as the bid increment. This means that bidding will start from 10,000 HUF and every bidder must bid with an amount that is higher with at least 5,000 HUF. By default, in case of a 10,000 HUF item, the bid increment would be 1,000 HUF, then as the price of the item increases, the bid increment will increase by entering the next price band, too (2,000 HUF in case of 25,000 HUF, see also the table above). If you start the auction with your own bid increment, the bid increment will remain 5,000 HUF also in case of 25,000 HUF.

Can my bid exceed the bidding amount according to the bid increments?

Yes, this can happen in three cases:
1. To approach the reserve price: In case of a reserve priced auction, instead of the amount increased according to the bid increments, we display the total amount of the automatic bid given by you. Example: the current price of an auction is 600 HUF, your maximum bid is 1,100 HUF, while the reserve price is 2,000 HUF. In this case, instead of the 650 HUF according to the bid increment, the current price will be 1,100 HUF.

2. To reach the reserve price: In case of a reserve price auction, we will automatically increase your bid over the amount determined according to the bid increments, to make it reach the reserve price. This means that your current bid will be the amount of the reserve price. However, we will never increase the maximum bid given by you. Example: the current price of an auction is 600 HUF, your maximum bid is 1,100 HUF, while the reserve price is 800 HUF. In this case, instead of the 650 HUF according to the bid increment, the current price will be 800 HUF.

3. To overbid the maximum bid of another user: We will increase your bid above the amount determined according to the bid increments, if, by this, it will exceed the maximum bid of another bidder. However, we will not increase the maximum bid given by you in this case either. Example: the current price of an auction is 600 HUF, your maximum bid is 1,600 HUF, while the maximum offer of the current winner bidder is 1,100 HUF. In this case, instead of the 650 HUF according to the bid increment, the current price will be 1,200 HUF.

It is possible that I get outbid with a fraction of the bid increment?

Yes, the maximum bid of a bidder must exceed the maximum bid of the other bidder with at least HUF 1.

Example: You are the first bidder for an item, the starting price of which is 2,000 HUF and your maximum bid is 5,000 HUF. In this case, the opening bid will be 2,000 HUF. If another user bids 2,200 HUF, we will automatically increase your bid to 2,400 HUF. If a third user places a bid in an amount of 5,001 HUF, he or she will have the winner bid in a value of 5,001 HUF. As 5,001 HUF is higher than 2,400 HUF, furthermore, higher than your maximum bid of 5,000 HUF, the winner bid will be made by the third user, unless you or another bidder overbids it.