We keep using the phrase "Lowest Unique Bid" when we talk about our uk auction site, so what does it mean? This page will answer the question in detail.

So how do lowest unique bid auctions work?

First we'll take a look at what we mean by "Unique" in the context of our auctions and what can make a bid non-unique. A unique bid is a single bid that has been placed on a bid amount within one of our auctions, BUT it is only classed as unique if no other member has also placed a bid on the same bid amount. If another member has placed the exact same bid, then both bids are classed as non-unique.

To explain this further, here is a an example of the Lowest Unique Bid concept in practice. In the example below, more than one member has bid on 1p and 2p, which makes all of the bids on those two amounts NON-UNQIUE. Only one member has bid on 3p and one member on 4p, which makes both of those amounts UNIQUE. So in this example, the "Lowest Unique Bid" is 3p... and this is the winning bid!

Click the image above to open up a new page and watch our brief tutorial video