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eBay - Bidding?

Ok, so i often wonder this, and it's something that I never really understood so perhaps someone could kindly explain, because to me I just put it down to people being plain dumb.

An auction is placed, has say 6 days to run. It starts at for arguments sake 99p. Someone pops on the first bid which is fine, but by day 4 the auction is up to say £26.00

Now don't get me wrong here as a seller that's exactly what you want to see, but I have a view that If I don't waste my time knocking that price up unnecessarily 3-4 days before it's due to end, I'm going to get it for the best possible price.

Why oh why, would you bid on something that you quite categorically know is going to get jumped on in the last 30s anyway.....only for it to be bought for more than it needs to be. I mean some can be quite extreme.

I just don't get how people are so stupid. Do people actually think items go un-noticed for a further two days and you are just going to win it?

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