The Spoiler

When two bidders are left in a ‘bidding war’ scenario near an auction end, something interesting takes place when a third bidder jumps in. The two sparring bidders notice the third has bid on the auction, and now they’re faced with a dilemma: If I outbid the new guy, the other bidder is just going to outbid me and I’ll lose. They each hesitate not wanting to waste their bid, and in their hesitation, both lose the auction to the third bidder, a.k.a., The Spoiler! This is an excellent strategy, although it does rely on an element of lucky timing. It can be fun, but should be part of a strategy repertoire, not your only approach.

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