Quote:
Originally Posted by seablaster
I'm not sure I follow your reasoning here.
It doesn't matter if the underbidder gets shilled to their maximum because their maximum still would have been exceeded by the winning bidder anyway.
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I believe the point is
Why should you be happy with paying the maximum? Haven't you ever been to a live auction? If my *max* on an item is $500, I don't scream out "$500!". The bids increment, and depending on who's there, I may be the winner at $450. Or $100. That is what an auction is. If you were shilled up to your max bid, someone stole your money, just as sure as if they swiped it from your wallet.