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Posted By: barrysloate

Marc- As an auctioneer myself who is currently running an auction I expect anyone who places a bid to honor it. Ebay works differently as there is clearly a reserve but if you place a bid at the last second and the seller says "O.K. I accept it" then the bidder should be prepared to pay. Second chance offers occur after the auction, and ebay rules allow you to accept or reject the second chance (not to mention that many of the second chances are scams).