I've bought several times from them and admit it took some getting used to but am now comfortable using them. I've had pretty good success at it too and have been happy with my purchases.
I typically leave my proxy bids the first days the items are posted on Live Auctioneer and then remind myself when the auction is. When it gets close to the date, I confirm my proxy bids and also check how many other proxy bids have been placed. Then I watch through the auction.
I usually use the LA phone app to watch the auction since they start at 4PM my time. As the auctions go, If I'm willing to bump the bid a notch, I do so and then see if it wins. If it doesn't, so be it.
I think people find it odd because it's a live auction, and of course different from eBay and all the other auction houses. It can promote impulse purchases, but it also means you don't wait until breakfast to see if you won a $50 card.
Advantages and disadvantages, agreed. But I've gotten pretty comfortable with the process.
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