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
On an item I want, but is nearing my max, I oftentimes place a bid in hope that other sellors see there are additional buyers out there. Often times I'm able to win at a lower price on the next listing.
It's stupid to bid early. Your right drives the price up. Hey it's bad for the seller but can be great for the buyer. So wait till the last second..........HAPPY BUYING....
I have two thoughts. I have bought cables and power cords from manufacturers for the same price as they went for on recently closed auctions. If i like the price I contact them and ask if I can buy one at that price. It has worked alamost every time I have tried it.

On auctions I find myself getting emotional if I start bidding too early and more than once I have bid more than I had promised myself than I would as I find myself really wanting the item and the hype gets to me. This is one reason I try to limit myself to auctions that have little more than an hour or two remaining.