Controlling the Steps: The “Increment” Strategy
Who Sets the Price Steps? Usually, the auctioneer decides: “Bids are moving in 100k increments!” 3.0M… 3.1M… 3.2M… This moves fast and expensive. “Cutting the Bid” If the auction is stalling, or if you want to signal that you are nearing your limit, you can signal to the auctioneer (or type in the chat): “Can […]
Who Sets the Price Steps? Usually, the auctioneer decides: “Bids are moving in 100k increments!” 3.0M… 3.1M… 3.2M… This moves fast and expensive. “Cutting the Bid” If the auction is stalling, or if you want to signal that you are nearing your limit, you can signal to the auctioneer (or type in the chat): “Can we go by 50k?” Why Do It? Slower Pace: It cools down the room. Money Saver: Winning at 3.25M is better than being forced to 3.3M because of a rigid increment. Note: The Auctioneer can say no. But often, they say yes to keep the bidding alive. Take Control You are the one paying. Don’t be afraid to ask for a smaller step.
