On 12 Jan, 15:57, Grimly Curmudgeon wrote:
On Sat, 12 Jan 2013 05:13:19 +0000, usenet2012

wrote:
Indeed. You bid your maximum at the last minute. Anything else is for
saps.

Other than making a single bid to prevent the seller from removing the
item from sale.

I've noticed the Germans do that a lot, as well as a second bid to
signal they want it, I suppose.

also used by shillers using low start prices to save themselves
listing fees "99p start" with an early/immediate covering bid, if no-
one shows up by 25 hours before "auction" end there will regularly be
another bid by same "bidder" to insure against the item going too
cheap.

One can if one dares, push this covering bid up (like a shiller
would).
The shiller, naturally, will never pay for the goods and sale will be
cancelled for some flaky reason and no-one will be any the wiser...

Jim K