[Jeph]

It seems to me you guys are missing the concept of an auction. It's NOT geared for getting the best deal. It's set up for the person that will pay the most.

If you place a bid that will "blow everybody out of the water," you'll win whether you place it at the last second, or the minute the auction becomes live.

Yes, the people that bid in tiny intervals repeatedly don't grasp the concept of auctions, but everybody was a beginner at sometime. (And yeah, there are just stupid people that don't learn and others driving up the price).