Sridhar Ayengar wrote:
Its as real an
auction as any other auction. If you need the auction
extended because you were outbid then you didn't bid your maximum and
whether you're sniping or not wouldn't make a difference.
Go to an actual in-person auction sometime. NO-ONE bids their maximum
bid up front.
Neither does ebay. Ebay will auto-bid for you, at the minimum amount
needed to be on top. It simply won't auto-bid for you past the maximum
you specify. That is not the same as bidding the maximum up front.
--
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