What are gun auction bid increments?
They are set numbers that our auctioneers must adhere to as bids go higher and higher. See the table below to know when the amounts change. 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.
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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