Originally posted by tim60 Steamloco is probably referring to those times when the price goes up by double of more on a bid made in the last minute. Obviously not a person manually bidding over their home internet service. When I was buying this way I bid towards the end of the auction and put int he price I really wanted to pay - usually a fraction of a bid tick above an integer number of bid ticks above the price current at the time I placed the bid. The bid tick is only a limit for a new bid placed above whatever the current price is, to avoid unreasonably slow price bidding growth.
I bid $75.91 for one of the Tamron converters which had $9.75 postage. My bid was $17 higher than the other five or six who placed bids. With two minutes left in the auction a bidder with over 10,000 transactions bid five times and got the converter for $79. I bid in the last five minutes on the Tamron 80-200 f3.5 SP CF $45. This was countered by a previous bidder so I rebid $56.99, with two minutes left four bids from another eBay member with 8,000 transaction won it for $60.01. The final Tamron converter was for auction by Seattle Goodwill. Several buyers had bid back and forth with me in the final hour of the auction. With two minutes left I bid $25 above the highest bid, which was mine. All of a sudden, a flurry of bids and the final one clipped me by $3 with no time for me to place another bid. Lost it for $79 plus shipping to a bidder with over 15,000 transactions. I’m sure the two Tamron TCs will be for sale as Buy it Now for $149 to $179 soon. Fortunately, KEH had one in EX condition for $52 and the 80-200 in BGN for $61 and free shipping, so I came out ahead thanks to losing the auctions-this time.