A Guide to Raremarq Bidding Increments for Auctions
Original comic art auctions are one the most exciting parts of being a Raremarq member, and it's one of the areas of Raremarq where we've spent the most time investing. And, as we develop more features, our north star has been answering one simple question, "How do we make it as easy as possible for buyers to bid and win original art auctions?"
And one of the biggest pain points we wanted to alleviate is letting people bid quickly and easily without thinking how much to bid. This is why we have our easy slide-to-bid functionality that allows you to bid the next increment with the swipe of your finger.
But one question you might have is, "What are the bidding increments?" And so in this post, we'll break down the tiers of our bidding increments and what the price has to be to reach each level.
The Raremarq Increments Explained
Our bidding increments start at just $1 increments if the current bid or list price of an auction is below $30, but at a higher list price or when the current bid reaches certain milestones, our bidding increments get larger. Below is a full breakdown of the bidding increments:
- Below $30: $1
- $30 - $50: $2
- $50 - $99: $3
- $100 - $299: $5
- $300 - $999: $10
- $1000 - $1999: $20
- $2000 or more: $50
Know the increments; create your bidding strategy
Understanding the Raremarq bidding increments is incredibly important as you figure out how best to win your original comic art auctions, and we hope this breakdown gets you closer to winning your auctions and securing your grails!
