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 pbb

Auctions- why bid at all?

Seems to me that buying unseen, unheard in the context where the price can only go up, probably over the price you would pay when dealing in the course of a normal negotiation is almost invariably a losing propostion. The reserves are usually high. Recourses if something is wrong with the product non-existant, save and except for the pious wishes of e-Bay and others in the business of running these things.