Yes, what good would it do for the auctioneer to outbid you at the last second without giving you a chance to up your bid? They get stuck with the item, no commission, and no buyer's premium.
That practice is called "bid sniping" or just "sniping." It's regular bidders doing it, hoping you're at your upper limit so they can outbid you by a small amount right at the last moment.
You placed an upper limit on your bid for a reason, that reason being if the bidding went over that amount, you did not want the item. So why get upset if you get outbid?
There are ways to combat sniping: Increase your bid at the last minute by just over the minimum amount, so even if they try to snipe you, you will outbid them and beat them at their own game. Snipe the sniper.
Many online auction platforms that local auctioneers use have an auto-extend feature which adds a minute, or 2 minutes, or 5 minutes, AND minimum bid increments, to the auction to discourage bid "sniping."
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
... [Read Article]
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