Agree with all...........but, sometimes it's hard to figure out. When a bid is "too high," to whom is it "too high?" "Too high" for me because I was outbid for the lot? "Too high" for me because I know I can buy it for less, elsewhere? I've said it before and I'll say it again, IMHO there is no such thing as a "too high" bid for the individual doing the bidding. If it's a lot that he wants, and he's willing to bid that amount for it, obviously he has assessed that it's not "too high" for him, or he wouldn't be bidding on it.
That said, I, too, have bid on, and won, lots that in retrospect I consider "too high" because I have found the item elsewhere for less cost, or see where they have sold at auction for considerably less than what I got them for ("buyer's remorse"). BUT, the point is when I made my bid I did not assess the bid I placed as "too high" for me AT THAT TIME, versus my desire to have the product, or I wouldn't have placed it to begin with.
Just my thoughts...............