What are the bid increments?
All bids must follow the RIAC bid increment table.
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. Auctioneers at their discretion may or may not cut a bid increment, in most cases the auctioneers will adhere to the following bid increments.
| $50 - $200 | $10 increment |
| $200 - $500 | $25 increment |
| $500 - $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 | $1,000 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 |
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