What is the base price or minimum bid amount?

Rounded Box

Base Price or Minimum Bid

The base price (or minimum bid amount) is the starting price set by the seller for the item being auctioned. This price represents the minimum amount the seller is willing to accept for the item.

  • Importance: The base price serves to establish a starting point for bids, ensuring the item is not sold for less than the seller's expected price.

  • Visibility: The base price is visible to all auction participants, allowing them to know the minimum amount that must be reached for the sale to be valid.

  • Auction and Increment: Subsequent bids must be made in increments above the base price, according to the limits set by the auction system or the seller themselves.

In summary, the base price ensures that the seller will not sell the item for a price lower than they consider acceptable, maintaining transparency and competitiveness in the bidding process.




Auction or BuyNow on Bialto


Auction Icon
1

Participate in the Auction

Explore the available items in our auction listings and make your bid. A unique opportunity to acquire exclusive pieces at advantageous prices through auction.

Immediate Purchase Icon
2

Immediate Purchase

Find items available in our immediate purchase (Buy Out) listings and acquire them without waiting for the auction process to conclude.

Auction Closure Icon
3

Close the Deal

Check the results of the auction to see if your bid is winning. If successful, either through a winning bid or a successful immediate purchase, the item will be assigned or shipped to the winner as agreed with the seller.