Quote:
Originally Posted by mike_vee
I would guess that one bidder (who is winning) initially put a very high maximum bid and the other one keeps 'testing' how high it is , thus bumping the price up very quickly. A lot of the bids are "automatic" , so each time the second bidder tries they get the "you have been outbid" message and try a slightly higher bid.
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That tactic doesn’t make much sense with a week to go and obvious serious competition emerging.
I always say on eBay he who bids last, bids best.
Early bird bids only ever give rival bidders the time and chance to reflect then increase their bid.
Quote:
Originally Posted by mike_vee
What happens if final winning bidder backs out / refuses to pay , does the second place bidder pay the last amount they bid or are all the 'winners' bids removed ? 
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I believe the seller can go to the next highest bidder. I’m unsure if this method removes all their bids however or just takes it to the underbidders highest bid.
So at present that may mean it falling back to £7,763 or £227! Quite a difference.