But surely all irrelevant as the highest bid wins regardless of when it was placed. All this sniping stuff will at least stop possibly with the newer system.
Imagine you were at a real auction in person and there was a timer running for bids to come in by. Everyone would stand up shouting numbers out at the last 10 seconds and whoever shouts last wins. That bid likely wasn’t going to be the highest bid but the timer has ended.
So instead the bidding continues until someone is out. If you put your true highest bid , and someone wins it for £5 more then they were willing to pay more. If you say “I’d of paid £5 or £10 more “ then you should enter that amount …….
My method seems to be the opposite to most. I stick my bid in early and then when folk come along and place a bid , they immediately are outbid , realise someone wants it and they lose interest.