Someone could have all the bids/passwords/etc NOT available to them and still have rules to bid up to a certain preset limit. Those could be mutually exclusive. If someone sets a reserve on a lot and the AH can bid up to that point, it could be done either with or without the ability to view max bids and passwords.
I think Scott (Brockelman) hit the nail on the head for the most part and that's feeling comfortable with who you are bidding with. Whether it's the honest auto-bid or whatever you want to call the software, it does help build that comfortability though as I'm sure there were a lot of people comfortable with bidding with Mastronet, et al during 'the day'...........
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