Why shouldnt I bid lower than my maximum, so I can win the item for a bargain price?
We encourage all members to use the proxy bidding system to bid the absolute maximum they are willing to pay for an item right from the start and let the proxy bidding system work for them. The proxy system will not take more of your bid than necessary to win the auction, thereby guaranteeing you the lowest winning price possible. This way, although it may be disheartening if you are outbid, you will have the satisfaction of knowing someone else was willing to pay more than you were.