Overbidding is a byproduct of the ole supply and demand theory. OK, maybe a little testosterone induced competition, but there's medications for that. Those who want bad enough - new or not - and have the cake to back it up are going to do anything they can to secure there tresured prize. What do you think keeps that Gurkha HMS cigar above the $250 range? I really am more amused by all this. We all know the pros and cons - what's good for CB is not for us - type thing. To finish my rambling the Idea here cats and kittens is that there is a law of diminishing returns - meaning if a product is shown enough the customer will eventually tire of bidding on it and the price will come down.
My fine rampage is...for all bidders is find out what you like, follow the prices it is going for, put in bids that are only what you would expect to spend, the more items in any one aution post is directly related to price, and wait for your turn. I personally do this for bargains, but I don't have an endless supply of disposable income - some would argue any.
Whew, I'm beat.
Katt