Auctions - why bid early?


It seems to me that bidding anytime before the very end of a timed auction merely raises the final price. Fun aside, if winning the unit up for bid is the goal, can anyone offer a practical reason to bid early?
rockvirgo

Showing 1 response by avguygeorge

Ok-- I'll try a different aproach. You bid what you want to get the item for.--So all the +$50 bids are met with "you have been out-bid". Even if you have over-bid, the selling price should be held back to the last $50 dollar increment bid by the second highest bidder--you get it for 50bucks over the second highest bid.