Sniping doesn't always work with proxy bidding though, because you can snipe for $35 but if their max bid is $40 you've still lost.
So, lets say I see that auction, and I *really* want the pony. So I wait until it's almost over and bid $100. Your bid was $15, so I end up winning for $15.50. So it looks like just .50 cents more, but it had the potential to be way more then that. (and, if someone else bid $20, they'd be outbid straight away at $20.50 from that $100 bid).
|The problem with that is, what if someone else did the same thing and their max bid was $90, so now you're paying $90.50. Not the safest method by far.|
|Edit: An English auction is the regular I bid $5 you bid $6 you win etc. No ceilings or max bids.|
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