Quote:
Originally Posted by howard38
If the underbidder doesn't know there is a sniper and no one is shilling he might stop his bid at say $10 even though he's willing to go higher if necessary. If he is shilled it then becomes necessary to keep bidding if he wants to win and therefore bids as high as $20. If a snipe has been set at $21 and no one else bids then the sniper has paid about $10 more than he should have.
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I see where you are coming from Howard. I guess at this point I am working under the assumption that most bidders are savvy and experienced; they know their maximum bid well in advance of the auction end.