I can see both sides of this- and acknowledge that probably the best way of bidding is to say to myself "I want that to the tune of £200", stick £200 in a my max bid and then wait to find out if I won or not.
But I (and I'm guessing human nature) is/are not like that.
I'll stick just enough of a bid in to be leading, then wait.
Then when I get outbid I'll bid again.
This way I end up as someone above mentioned thinking to myself "it's only another fiver".
The hope of course is that you get it for £100 instead of £200, the reality is that your £200 max falls by the wayside and you get it for £265.
I can see both sides of this- and acknowledge that probably the best way of bidding is to say to myself "I want that to the tune of £200", stick £200 in a my max bid and then wait to find out if I won or not.
But I (and I'm guessing human nature) is/are not like that.
I'll stick just enough of a bid in to be leading, then wait.
Then when I get outbid I'll bid again.
This way I end up as someone above mentioned thinking to myself "it's only another fiver".
The hope of course is that you get it for £100 instead of £200, the reality is that your £200 max falls by the wayside and you get it for £265.