View source for Bid

The '''new bidding rule''' was introduced in season 18 as an add up to the old bidding limit of 1 000 US$ (= 1 000 €). The two rules work together and 50 000 US$ is the edge between the old and the new system.

With the new bidding rule, the suggested bid on the [[player]] in [[transfer market|transferlist]] is always 2% higher than the previous.

===Some examples===
* Last bid on Player A was 500 000 US$ -> You must bid at least 510 000 US$ (2% more).
* Last bid on Player B was 50 000 US$ -> You must bid at least 51 000 US$ (2% more AND at least 1 000 US$ more).
* Last bid on Player C was 10 000 US$ -> You must bid at least 11 000 US$ (1 000 US$ more, the old rule taking over).

== Announcement ==
{{Hattrick announcement |
 | title  = <big>Bidding limit change</big>
 | date   = 25/01/2003
 | text   = We are now adding a new rule to the transfer list:
<blockquote>You must raise the last bid with at least 2%. </blockquote>
As before, it must also be :
<blockquote>at least 1 000 US$ higher than the previous.</blockquote>
{{Based on fact}}
The old 1 000 US$ rule have been in effect ever since the transferlist was invented back in 1998 (season 3 in Sweden). In those ancient days, hardly any players were sold for more than 100 000 US$ (can you imagine?!) and a typical transfer was at 50 000 US$. Having a minimum step of 1 000 US$ per bid was appropriate then. Today, however, many players are sold at millions. Many people have expressed that they are frustrated with endless bidding duels where one or several of the parties raise the bid with only 1 000 US$.

Now, auctions are about finding the right price, negotiating until there is exactly one buyer left willing to pay a certain price. It is not supposed to be about who can endure the longest bidding duel. Hence the new 2% rule. We do not believe this will significantly affect prices on the transfer market. It will just make the road to the final price a bit less annoying for all parties involved.

Basically we are adapting the old rule to today's prices, and making it dynamic. We realise that you don't want to be stuck with a pocket calculator while in a bidding duel. Therefore, the suggested bid on the player page is now always 2% higher than the previous. 
}}

[[Category:Hattrick documents]]
[[Category:Economy]]