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?
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Holy cow....you see something you want at an auction...you decide how much you're willing to pay for it...you place your bid...you either get it or you don't....it's not complicated...really....
I don't think sniping is necessarily pro-buyer. I've sold a few items on e-bay that were 'sniped'. In a few of the cases a previous high bidder who had the high bid for a relatively long time (say 12 hours on a one week auction) would write me, explain what happened, and ask if they could buy it for a slightly higher price. I always demure, but it's clear that an extention system would have yielded me a higher selling price. I do agree, however, that almost every problem is addressed if bidders actually use their high price when they bid. On the other hand I've bid on auctions where that high price moved up a little in the last hour or so...
Some auction sites have a 5 minute overtime rule, where the auction ends once 5 minutes pass with no new bid. Kind of like "Going, Going, Gone". ----- If I am not there at the end I alway bid the most I am willing to pay and hope for the best.
Auctions are for the "Big Boys" the rules are the same for everyone. STOP! crying! If you want to bid, BID, if not just look elsewhere.

AGAIN AUCTIONS ARE FOR ADULTS.