I agree it can be aggravating to go to bed with no activity for hours on an item you're the high bidder on, then discover the next day that you've been topped. The rational for the rule is that bidders who have given up on items when they've been outbid can now take a new look at the entire auction with some money to burn. But, in the end, and as always, the only one you can really blame for ever being outbid is yourself. You would have paid more, you're thinking? Then why didn't you? Once max bids came into the picture, I've felt relieved of all responsibility for losing an auction. Figure out what you're willing to pay, place the max bid, and whatever happens, move on. There's always another auction just down the road.
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