In the last week I have been bidding on factory service manuals for my wifes Honda. Both times with 2-3 seconds a mystery bid from someone that has not bid previously came up for exactly $1 more.
The last one, I was winning at $28, 2 bids all week, and I had a maximum bid at $50. I'm watching at the end ,refreshing, down to 5 seconds, and refresh again at 3 seconds and bingo $51 and I lose.
It's easy to say should have bid $52, but I would get sniped to $53,etc. so it doesn't really matter.
I wonder what happens when 2 people snipe at the end?