Originally Posted by phoebeisis

The folks buy tools because they want a nice useful tool.They see them as keepers worth X amount to them, and to everyone else.A dollar or two more doesn't matter to them since they plan to get full worth out of the tool by using it-using it forever. They just bid what it is worth to them-and that is it. Not a life or death struggle like the bike part flippers are engaged in.

The bike stuff buyers are trying to make a $$, and they think bidding at the last second will keep the price down by a dollar or two.They are buying it to sell it, so final price is a big deal to them. They don't really want to use the item-they want to make a $$ off it.

Both views are correct-more or less.