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Posted By: davidcycleback

I think it's a pain that auctions end early (and it would make me mad as a bidder), and I think it's a pain that bidders don't bid early. Chicken or the egg-wise, snipe bidding led to auctions ending early. Snipe bidding artificially suppresses early and mid auction bidding, which makes the seller nervous that there is no interest in the lot and he might end up losing a lot of money. If a $1,000 lot has a high bid of $5.25 after five days, and there have been no new bids in the last two, you can bet the seller will consider fair offers.