RE: Current bid: £17,50014 Apr 2025 15:06
That’s easy Ian. Let’s say the current bidder has offered a top price bid of £20k. Bidding will not start at that level, it will be at the lowest bid price. However, if other bidders bid higher prices (but below the original bidder’s £20k, the price will rise to reflect the competition but the original bidder will be the owner of the identical bid. Until of course he/she is completely outbid.