[Lucas00]

I believe a popular resellers tactic for years was to put a Max Bid in as soon as the auction opened at 3/4 of the items value or whatever the resellers thought made sense to flip the item. And did it to hundreds of lots. If they won a few, Win. If they lost them all, it cost them half an hour of clicking and zero dollars. 90% of auctions I feel like that's what I'm bidding against.

I guess in theory constantly bidding and instantly being out bid for 10 bids straight might scare some people off. At least that's what I assume they think.