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Bidding basics

Auction Guidelines

  • The highest bid does not automatically mean you have won the auction unless the reserve price is met.

  • If the reserve price is not met, the seller must accept your bid for you to be declared the winner.

  • If the reserve price is reached or if there is no reserve price, the highest bidder is automatically declared the winner.

  • You will receive a confirmation email once you officially win the auction.

How We Calculate the Next Minimum Bid

Our system determines the next minimum bid based on the current highest bid. The table below outlines the exact increments:

Current bid

Next minimum bid

AED1 - AED50

AED 5

AED51 - AED500

AED 25

AED501 - AED1000

AED 50

AED1001 - AED2500

AED 100

AED2501 - AED5000

AED 250

AED5001 - AED10000

AED 500

AED10001 - AED25000

AED 1 000

AED25001 - AED50000

AED 2 500

AED50001 - AED100000

AED 5 000

AED100001 - AED250000

AED 10 000

AED250001 - AED500000

AED 25 000

AED500001 - AED1000000

AED 50 000

AED1000001 - AED2500000

AED 100 000

>AED2500000

AED 250 000

Why We Use This System

This approach is designed to maintain the integrity of the auction process by ensuring that only committed bidders participate.

It prevents participants from artificially inflating prices through a series of small bids at the end of the auction. By implementing such a strategy, the auction house can create a more competitive and fair bidding environment, benefiting both buyers and sellers alike.

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