Home Speaker Asylum

General speaker questions for audio and home theater.

"Can't see the point..."

The reason is psychology. People are willing to pay much more in the final moments of an auction to keep from losing something. If you put in a big proxy bid early, other interested parties have a lot of time to think about whether they'll bump it up a few more times to try to outbid you. If your high bid appears at the last moment, they may want to get in another bid, but either won't see that they're losing or won't have time to respond. So, sniping gives the previous top bidder a false sense of security.

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