I'm one of those guys...
... who doesn't bid until the last few seconds.
On ebay, my logic is that this allows as little time as possible for anybody to outbid me, assuming that there isn't already a higher bid, and if there is a higher bid, then I don't have time to get "auction fever".
In other auctions, with moving end times, the later it goes the fewer people who stay up to bid against me. If it gets to late for me, I usually put in one more bid and then sleep with my fingers crossed. It ends however it ends.
Each auction has it's rules, many of them I don't particularly care for, but they are what they are, and no amount of bitching by me is going to change them.
I feel for Larry, it sucks to lose an item that I would have paid more for, but ultimately there was an easy way to not lose the item for that price, bid more. If he feels that the auction house is dishonest in it's practices than I really don't understand why he would be bidding in their auctions anyway.
Just my 2 cents,
Doug
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