After reading all of the other posters' comments, I can add this: There are MANY different ways to participate in an auction. There are also many different buyers with different characters, budgets, strategies, etc. Some are time wasters, some are downright annoying, and some get ignored - even by the auctioneer.
This much I know to be fact: 1) The highest bid buys the item. 2) Time wasters many times are left out of the bidding for being too slow to bid. 3) There are many times bidders with "auction fever" that get caught up in the bidding and end up paying more than they had budgeted for a given item. 4) Regarding "electronic sniping," it seems to be a less than honorable way to bid, BUT the high bid still buys the item. In order for a sniper to get the item, they have to outbid your highest bid. As in the case of snipers on eBay. I simply decide what I am willing to pay for an item, enter that as my maximum bid, and if that turns out to be the high bid, then I buy the item. If not, the sniper outbid me, which in any case was MORE THAN I WAS WILLING TO PAY right from the start.
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