@marnotom! wrote:
The last-second bidders don’t know my maximum bid, though. I’ve beaten several last-second bidders with a bid I’ve put in with ten to fifteen minutes remaining in the auction simply because my maximum bid was higher than theirs.
If nobody else beats your proxy bid, it can often be an indication that your proxy bid was more than the item was worth 😉
I have noted over the years that more often than not, proxy bids get beaten in the dying seconds, and the only way that I have been able to see to succeed with an earlier proxy bid is to leave a bid which is way more than the listing is worth, so I always bid my maximum in the last few seconds. If the proxy was willing to pay more than I am, so be it - I am not willing to pay more than I think something is worth just to have the satisfaction of beating everyone else!
