Why the last second bid....................

[theseeker]

What is the stategy behind the last second bids? Any item I'm interested in, I first evaluate and determine the maximum amount I'm willing to pay. At that point, I place my bid and usually lost out in the last seconds. And that's perfectly OK with me. If I am not on the losing end of most of my bid attempts, I feel it is a bad thing, as in my mind, I'm paying too much.

One collector mantra I never waver from is "never feel you have to have an item" or you will pay too much. And I feel this happens alot with these last second bidding wars. Feeling a need to beat that other bidder overwhelms your better judgement. If you have a bottom line price limit, where is the difference when you bid? Are these last second buyers upping there limits as they go or simply have no idea where the bidding war will take them?