>Didn't you read the example? I *did* win the item. I paid *less* than my
>maximum. I saved $40 over what would have happened if I had simply bid my
>maximum. And this isn't hypothetical: I've won auctions in exactly this way,
>and so have hundreds of thousands, if not millions, of other people.

How do you know you saved $40 "over what would have happened?" I don't 
think there is any way for you to determine that. Maybe you saves $40 
over what your maximum bid would have been. That is all you know.

What happens when several people are sniping at the same auction?


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