chevycheyenne said:
you lose out at the last minute.
That's just the way ebay works. Any time you see the same person bid more than twice, you are seeing a ebay novice in action. Bidding wars are for morons.
If you know what you are doing, you:
1. make a probe bid at the absolute minimum price when you first find the auction. This puts it on your myebay screen so you can track it. You will probably get the "someone has outbid you" screen, but this doesn't matter. The probe bid isn't the real bid.
2. decide the maximum price you are willing to pay
3. make this bid seconds before the auction ends (I use 15 seconds)
It's called bid sniping.
You either get the item or you don't. But you don't spend more than you intended because you got excited and kept bidding.
True, it's somewhat of a pain to be there in the final seconds of an auction, especially when it ends in the middle of the night. But there are programs that can do this for you automatically.
Whenever you see a couple of peckerheads bidding back and forth, all they are doing is driving the price up. And as you have noticed, some sniper may come in and take it away from them anyway.