Quote:
Originally Posted by Snowman
Exactly! I was just about to post this as well. People always claim they should be able to buy it for one bid above the 3rd place bidder, but that's not fair either, for the reasons you outlined above.
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By auction law if you are removing a bidder you have to remove all of their bids, not just their last bid, which leaves you with the third place bidder scenario, but I see the point about the psychology of bidding.