To win a card on the Sorare Auction, Managers need to bid against other Managers in order to win the card. New Card Auctions start at a floor price, have an expiration date and time, and are awarded to the highest bidder.
When placing a bid on an Auction, any outbid must be a minimum increment higher than the current bid. You can look below at the table to see the minimum increments.
What is Automatic Bidding and how does it work?
Automatic Bidding (Auto-Bidding) is a new feature that allows you to bid on a player card automatically without having to outbid manually every time. Auto-Bidding is currently only available on the Sorare Auctions.
To Auto-Bid:
- Go to any card auction and set your maximum bid amount
- The bid placed will be the minimum increment against the current highest bids
- Bids will automatically be submitted on your behalf any time you are outbid up to your max bid
When a bid is automatically incrementing, the bid will increment by a small, flat amount (0.0001 ETH) when placed by an existing Auto-Bid.
Example: An auction is currently at 0.1 ETH and I want to place a maximum bid of 0.2 ETH. My first bid registers at 0.106 ETH (6% minimum increment). I am later outbid by a new bidder at 0.1123 ETH. Since the new bid is below my maximum bid, I automatically bid 0.1124 ETH (+0.0001 ETH auto-bid increment).
If you want to stop auto-bidding on an auction, go to the card page and click “Stop”. Your current bid will remain and you will no longer auto-bid when outbid.
Take a look at how bidding works on all sports auctions here.