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Why wouldn a sniper bid, say, $50,000 for an item, thereby insuring a win?

bid insuring Sniper Win
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Why wouldn a sniper bid, say, $50,000 for an item, thereby insuring a win?

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Nothing prevents such a scenario from happening. However, if another user bid $49,999, also in an attempt to insure a win, the unhappy winner would still be required to pay for the item at the final bid price of $50,000.

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