Golden rule
There is a simple rule that I believe applies to this issue, and to most other conundrums (outing auctions and low-balling ignorant sellers, for instance) so frequently debated on this board. I learned it as The Golden Rule, and I believe it is Biblical, but other cultures and/or religions probably embrace this precept as well.
It states: "Do unto others as you would have them do unto you." It does not say: "Do unto others before they do unto you," which seems to be the justification of some for this tactic. To me, a preemptory offer endeavors to deny both the seller and other bidders the opportunity to determine a fair price for an item. One might, indeed, offer more than the item will bring at auction, but overpaying is not likely the intent.
Bob Richardson
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