Rock Island Auction Company has established the following bidding increments in this table.
Auction bids are designed to adhere to approximately 10% of bid price. Auctioneer’s at their discretion may or may not cut a bid increment, in most cases the auctioneer’s will adhere to the following bid increments: |
|
$50 – $200 | $10 increment |
$200 – $500 | $25 increment |
$500 to $1,000 | $50 increment |
$1,000 – $2,000 | $100 increment |
$2,000 – $5,000 | $250 increment |
$5,000 – $10,000 | $500 increment |
$10,000 – $20,000 | $1000 increment |
$20,000 – $50,000 | $2,500 increment |
$50,000 – $100,000 | $5,000 increment |
$100,000 – $200,000 | $10,000 increment |
Over $200,000 | Auctioneer’s Discretion |