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No I mean like a £2 bid way out, when a listing is at 99p and then leave it. Got our massive Belfast sink like that a few months back (then the seller hadn't set up their PayPal acc. properly and they refunded me the lot anyway!). Bought a couple of other things (e.g. mini/micro c00ps' bike) like that. Sort of fire-and-forget lowballing, so long as a) you're not desperate for it and b) you don't get tempted to look back.
A properly lowball speculative punt for a badly-advertised item sometimes pays off. But no, nothing in between. That's just madness.