> For the complete documentation index, see [llms.txt](https://manual.platformbid.com/platform-bid-user-guide/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://manual.platformbid.com/platform-bid-user-guide/auction-management/managing-lots/types-of-lots.md). # Types of lots ## Incremental Lot This is what you might call a normal auction lot. This is a item that will start with an opening bid, with each bid taking the price higher. Each lot will have an [increment](#incremental-lot) determining the amount between each bid. Bidder will have to bid at least the incremental value to place a bid; although they may place higher bids. The final selling price is the price reached through the process of bidders placing their bids until the clock reaches zero. ## Buy Now Lot This is where a single item is sold for a fixed price. The lot is sold on a first come, first served basis. When a buyer agrees to pay the asking prices for the item, the lot is sold and taken off the market. ## Multiple Buy Now Lot This is where an item of list of indentical items are listed with multiple stock availble. So for exmaple you may have some trollies where you have 5 to sell. Buyers can choose whether to buy all of them, or part of the availble stock. Once every items is sold, the lot will close. You could end up with one bidder buying all 5 items in our example, or 5 bidders all buying one item eah from the availble stock. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://manual.platformbid.com/platform-bid-user-guide/auction-management/managing-lots/types-of-lots.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.