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 rec

I really don't like the auction process and rarely use it. The reserve or opening bid is usually at or close to fair market price so the auction system as a rule is for sellers to increase their return. I have bid early on occasion on something I am serious about purchasing. I list my max price and if I get it, fine. I just don't have the time or energy to play auction in the last hour or so. On occasion on e-bay I have had other sellers e-mail with the same product that I lost the bid on and take my bid offer.