Don't you hate when somebody outbids you on eBay at the last second?
For what it's worth, eBay may call themselves an auction site, but they don't use REAL auction rules, which has a big effect on the outcomes of many of their auctions.
Unlike a traditional auction, eBay has a preset end time for each auction, making it easy for people to take advantage of the time limit and only bid at the last minute, making it impossible for anyone to bid again. This is known as "Sniping", because the final bid comes in out of nowhere at the last second.
In a real auction, there is no preset end time. The auction starts with an opening bid, and continues indefinitely as bids are placed. Every time a new bid is placed, the auctioneer asks if anyone is willing to bid higher, and the auc... [More]
Continue...Why doesn't eBay offer REAL Auction Rules to Prevent Sniping?...