Worst case i know of is someone who wasnt going to be around for the auction end,so they bid a stupid number so they knew they would win. Well,good news for them they did win. Bad news for them final sale price $987.85
See,the problem is if someone gets outbid,more often than not they bid again & again. Sometimes its because they want to win,sometimes its for the sheer hell of it & sometimes they get curious as to how high will the auction go. All it takes is two or three bidders to really want something & the battle has begun. This is why we see stupid prices for things because theres a war on & its damn the cost or casualty of war. Often theres at least one bidder in the war that doesnt want it anymore but they will make sure as hell the other bidder is going to pay stupid money for it.