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Bidding Updates at Iconic Motorbikes!

In response to customer requests, we are implementing an automatic bid bump: if your proxy bid meets or exceeds the reserve price, bidding will jump up to meet that price and you will see “Reserve price has been met” under the price.

As a reminder, Iconic Motorbikes uses as little of a bidder’s maximum/proxy bid as is required to make him or her the high bidder.

Let’s use an example: say the reserve is $10,000 and the high bid on a bike is $7,500.

If the next bid is $9,999, bidding will go up to $7,600 (the minimum required to make them the lead as we have a $100 minimum bid increment).

If the next bid is $10,000, bidding will go up to $10,000 to meet the reserve.

If the next bid is $15,000, bidding will go up to $10,000 to meet the reserve and will only increase if another bidder tries to beat that number.

Please contact abhi@iconicmotorbikes.com if you have any questions!