Originally Posted by Bigtime
That brings up another excellent point Expatriate. People get carried away with the bidding all the time. Some people just will not be oubid at any price. As a seller you pray that those types of people will bid on your stuff. I do my research (as I'm sure you do) and if it gets close to what my LBS is selling it for then I let that one go and look for another. I would also add here that you really need to check the shipping on an item before you place a bid. I've been burned on that before. "It's a wheel, how much can that cost to ship?" Heh, you'd be surprised.
Your point, BIgtime is right on. I saw someone bid $197 on a Trek 820. After adding the posted shipping, of $50, the bike costs $247. The same bike sells for under $240 at an LBS, brand new and fully tuned. It drives me crazy. Don't these people know what their buying?