I hate the bid increment rule!
I just lost a vintage double duck blade by a penny. The messed up part was that I had the penny-higher bid! I used powersnipe.com to place a $30 bid, and someone won with a $29.99 bid (who DOES that??)
How it works is the website will place my bid for me like 2 seconds before the end of the bid and "snipe" the auction to win it, but its advantage is also its downfall. That is because no human can process a bid 2 seconds to the end (don't know why, seems like ebay wont let you) and therefore, it places my bid AFTER the very last bidder.
SO, because of the bid increment rule, I can't place a bid for a penny more than the last highest guy, it has to be like $.50 or $1 higher or something, and therefore, I lost a vintage dubl duck blade that would've cost me $30. :mad: