The values shown are Fair Market Values.  Once you click on an item you will be able to see the current bid amount and the next bid step.  Use Max Bid and the system will bit for you up to the Maximum amount you set.  The Max Bid must be at least two bid steps higher than the next bid step to work for you.  

Tickets

4 Tickets to Mariners vs. Cleveland Guardians

Dream Come True
Current Bid: $87

2022 Seafair Festival VIP Tickets

Dream Come True
Current Bid: $0