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Originally Posted by Citroënbender
Neither - but you’ve probably explained it.
Why do they not just allow you to lob in a max bid, if you get pipped then either you’re paying the idiot tax for being too tight, or someone with deeper pockets is willing to gamble more than yourself?
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You do put in a max bid, but the other bidders don't know what it is, until their bid exceeds your max.
Quote:
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Originally Posted by prktkljokr
Its like most auctions before the fall of the hammer with the count down, if someone comes in with a late bid just before the hammer fall, they go through the countdown again, there are not too many online auctions that finish when it times out like eBay.
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You're right, but I like the way the ebay auction works.