How does bidding work on an auction?

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.