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Originally Posted by Bill Marsh
Looks like the buyer bid $1200, $1300 and then $1400 with no one else bidding?
I don't often do live auctions, get too excited and make really dumb bids. That's why I use a sniper. Just set it and see if I won it later.
But can someone tell me how does an "absentee bid" work? As I understand it, you can make a large bid in advance and the auctioneer will incrementally bid in your bid, just keeping ahead of the other bidders. But if you are online, whatever you bid is the price.
This may be why Rick points this out. It looks like the buyer bid it up himself?
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I have seen this kind of Bidder panic before on the 'Bay .
Inexperience, item lust, L.O.K. (lack of knowledge) are some of the reasons .
Then comes 'Buyer's Remorse' .
Who hasn't been there .
