The Scenario of the Auction Plugin will be the following:
Increment is an increase of some amount over a certain number. In bidding, increment is a minimum amount an auction bid must be raised each time the current highest bid is surpassed.
If the current price of the product is $1.00-$4.99, the next bid must be at least $0.25 higher.
For example, you sell a product the starting price of which is $20 and the increment bid is $10. If someone places a bid of $50, it will be automatically increased by $10. After this, no one can place a bid lower than $60.
Reserve price auction:
allows the buyer to set a minimum price he/she wants a product to sell for. Usually, this price is hidden, so the buyers can only see whether or not it has been met. When the reserve price is met, the highest bid wins the auction.
For example, you sell a vintage jewelry and set a reserve price at $40, with a starting price of $2. In this case, people can start bidding at $2, but if until the end of the auction the bidding hasn’t reached $40, your jewelry will not be sold.
Automatic Auction: An automatic auction Buyers set the highest amount they want to pay for the item and the system bids automatically on buyer’s behalf. If another bidder places the higher bid, the previous buyer will be outbid and his/her bid will expire.
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hello am nopcommerce developer i can create plugins/ widgets and themes also am developing auction plugin with widget to manage product details start and stop bid and more