In article , Dave Hinz says...

But, it's _not_ a sealed bid auction. The sniper can see what's in the
other envelopes, or at least, who else is bidding. They're looking at
some of the other guys' cards, without showing any of theirs.

Realistically speaking, though, it *is*. For any kind of
real technical goods being sold, all the real bids fall in the
last few minutes. The real, real bids fall in the last
few seconds.

Jim


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