Yes, it is called sniping....I agree, this is just how auctions work megasam, live with it! But, I also agree that the audiogon policy of continuing to extend the auction deadline as long as new bids keep coming in should end, and go with a hard "endtime" just like eBay does. Of course, by having this moving endtime, on average it will lead to higher sale prices, and since audiogon is structured to benefit sellers (and not buyers), well, now you can see why auctions are structured here the way they are.
Ethics of last minute auction "poaching"
I was just involved in an auction that left a bad taste in my mouth. I had the high bid on an item for over 2 days and
literally in the last 60 seconds of auction a "poacher" came
out trying to sneak in a last minute bid in to win the auction. This caused the price to rise from $160 to $280 which I still won, but this seems underhanded to me. Attempting to win by last minute sneak attack! If you are interested in bidding on an item it seems common fairness to other members to come out in the open and not make your first bid with 60 seconds of auction ending! I know this is not outlawed, but ticks me off.....anyone else experience this?
literally in the last 60 seconds of auction a "poacher" came
out trying to sneak in a last minute bid in to win the auction. This caused the price to rise from $160 to $280 which I still won, but this seems underhanded to me. Attempting to win by last minute sneak attack! If you are interested in bidding on an item it seems common fairness to other members to come out in the open and not make your first bid with 60 seconds of auction ending! I know this is not outlawed, but ticks me off.....anyone else experience this?