I suspect some people bid then have second thoughts about parting with the money. It's also possible they win multiple items in a rush of bidding, then decide they with didn't win them all. They may have won more than they expected-- or, conversely, shouldn't have bid on so many items.
I would imagine it's rare for people to bid just to ruin an auction. Some people just don't think about the $$/bank account clear enough until they have to actually pay. It's kind of like buying a bunch of stuff at 1am on QVC, but with the next morning chance of deciding not to pay.
Though the item featured here was an awfully expensive item, not the plastic bracelets and SI magazines I was envisioning in earlier two paragraphs.
Last edited by drc; 12-19-2011 at 12:26 PM.
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