Bidding Increments

By The Auction Collective

Published 31st Jan 2018

To avoid any confusion in an auction, bids increase by a set ‘increment’ each time. The bidding increments are:

           10

         200

         800

      3,000

    11,000

    42,000

           20

         220

         850

      3,200

    12,000

    45,000

           30

         240

         900

      3,500

    13,000

    48,000

           40

         260

         950

      3,800

    14,000

    50,000

           50

         280

      1,000

      4,000

    15,000

    55,000

           60

         300

      1,100

      4,200

    16,000

    60,000

           70

         320

      1,200

      4,500

    17,000

    65,000

           80

         350

      1,300

      4,800

    18,000

    70,000

           90

         380

      1,400

      5,000

    19,000

    75,000

         100

         400

      1,500

      5,500

    20,000

    80,000

         110

         420

      1,600

      6,000

    22,000

    85,000

         120

         450

      1,700

      6,500

    24,000

    90,000

         130

         480

      1,800

      7,000

    26,000

    95,000

         140

         500

      1,900

      7,500

    28,000

  100,000

         150

         550

      2,000

      8,000

    30,000

  110,000

         160

         600

      2,200

      8,500

    32,000

  120,000

         170

         650

      2,400

      9,000

    35,000

  130,000

         180

         700

      2,600

      9,500

    38,000

  140,000

         190

         750

      2,800

    10,000

    40,000

   Etc.


Although at first it might seem like a random arrangement of numbers, if you look closer you will see a pattern emerging in the numbers after 100. They increase roughly by 10% each time and the pattern repeats itself as more 0s are added:

These are the standard increments that are used in most auctions across the world – a sort of universal auction language. But sometimes, the auctioneer will deviate from these rules and go up in smaller bid increments if they feel it will encourage more bidding. This is also known as ‘splitting the bids’.

Needless to say, you don’t need to know the increments off by heart when bidding.

The auctioneer will always let you know what the next bid increase will be. But if you are ever in any doubt then just ask. At The Auction Collective we want to make buying a work of art a fun and easy process.

Good luck in the auction!