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Bidding basics
Auction Guidelines
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The highest bid does not automatically mean you have won the auction unless the reserve price is met.
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If the reserve price is not met, the seller must accept your bid for you to be declared the winner.
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If the reserve price is reached or if there is no reserve price, the highest bidder is automatically declared the winner.
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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.