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<p>[QUOTE=&quot;all_fakes, post: 4386626, member: 55&quot;]A clarification for new bidders - on the not worry part:</p><p>That assumes nobody else does the same thing.</p><p>Yes, if you put a $5000 bid on an item worth $50, you are likely going to win, and won&#039;t pay more than $50 if the next-highest bid is $40.</p><p>But if somebody else decides to put in a &quot;very high&quot; bid at $4900, you could end up paying around $5000 for that $50 item.</p><p>Experienced bidders know this, and won&#039;t put in an outrageously high bid of course.</p><p>But my own policy is to be aware of this possible pitfall; and even if I really really wanted that $50 item, my own &quot;very high&quot; bid would probably only be around $100, not $5000. Via some snipe service, of course. And would probably win at around $60, so I wouldn&#039;t pay the full $100.</p><p>Good advice on the &quot;offers&quot; by the way.[/QUOTE]</p><p><br /></p>

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