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barrysloateHal is correct that ebay is a tricky animal. The underbidder does not get a second shot so the whole idea of a snipe is to leave a huge bid far in excess of the value of the item. But if a second sniper does the same thing just below your bid, you may find yourself spending an awful lot. In a catalog format, as a bidder you have more control. I still can't decide which is the better system- pluses and minuses for both.