Posted By:
barrysloateThere are different auction formats, and ebay is the only one I can think of that ends abruptly at a given moment (similar to the Sopranos final episode). As such, it demands a different strategy than a catalog or live auction.
And for many that strategy is to get in a bid in the last 5-10 seconds. It's a good one and it is within the rules. I don't see how it's a breach of ethics. The goal is to win the lot, and while I agree you still have to be the high bidder to do so, many don't like to tip their hand until the end.
Seems fair and square to me.