quote:
We're probably saying the same thing, but there's only one requirement to "win" an auction: at the close of the auction you are willing to pay more for the item then anyone else that is aware of the auction.
Yes, but since people don't usually act rational especially when it comes to money, the price you're willing to pay will change many times over the course of the auction. Sure, technically you've won the auction if you paid twice as much as you should have. But did you get a GOOD price?