Quote:
Originally Posted by Snowman
I think that some bidders just reason that everyone has a maximum amount they will pay for an item, and if they want to win they're going to have to outbid them all anyhow, so they might as well just bid now. Especially if they think there's a chance they might not be available for bidding on the night the auction ends. I've certainly done that before. Though it's not my regular approach.
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Most people don't have that discipline, and if they can win an auction for one or two levels above what they thought was their max, they'll go for it and rationalize it, especially if tired or inebriated. I see no benefit to pushing up the price early.