The whole model is based on this asinine notion that as soon as I am outbid at 4:53 am on an item I am dying to get, all of a sudden I'm going to start pushing my pile of chips as fast as I can in other directions. Because lord knows once I have my money on the table I'm so crazed that I'll spent it somewhere.
Haven't done that once.
There have been many auctions that have closed at 5 am where I would have bid higher at 11:30pm and gotten the item (and everyone would have made more money on the other end) has it closed on a lot by lot basis.
Is there anything else you see in your life that is sold in such a ridiculous fashion. No. Absurd model.
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