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Posted By: Judge Dred

One problem with upping your bid past your previous high bid is that you might find someone that will nickel and dime bid it up to your max bid. It's quite easy to do this. Just keep placing a minimal bid on the item and it keeps jacking up the price until your max is reached or surpassed. If you happen to have set the max way up there then this can add up. But then again, if the item is truly nice you'll probably get snipe bids at the end that will do the same thing.