I would place my proxy bid, and in the hours that go by, someone will come along and drop just enough money to win the item. this has happened to me so consistently, i stopped bidding..it was a waste of time.
That's the point. If you are not online at the end of the auction you have a lower chance of winning because you cannot rebid. This has nothing to do with how people bid or how much people bid or when people bid. An auction is ALWAYS going to see the most active bidders right before it ends.
define lower. let me tell you what a lower chance is for me bidding on items. about 10%.
when I watch an item I want down to the last second my chance of winning that Item skyrockets.
because nobody who wants to out bid me can. its impossible to be outbid. the auction ended 1 second ago.
and I use proxy bidding and I fully understand how the game will "bid for you" up to your specified limit. its an amazingly cool concept and it sucks for Diablo 3
it has everything to do with how and when people bid. The way the auction house works in D3 encourages players to think "how" and "when" to bid. not just "bid"
Yes people are always going to slink around like hawks and strategically time their bid on Ebay in the real world and all over the place.
but the difference between D3 and most any other type of auction system including Ebay is
1. virtually everyone is a millionaire.
2. virtually everyone is purchasing weapons and armor.
3. everyone can wait for an auction to have, and I'm not exaggerating here, 2 seconds left for bids to be accepted.
and point number 3 is the kicker. because its not wrong that the person willing to bid the highest amount wins, its wrong that so many people who would have bid higher no longer have the chance. they may have even outbid the sniper. but unfortunately that auction end 2 seconds after you were out bid. sorry.
people are going to be willing to bid higher than their previous "maximum" this number changes. and it should be allowed to change. if you force someone to lock it in so that I will be beaten and not give them a chance to reconsider more than 1 single time. well, then I guess sniping is the way to go.
I do 95% of my buying that way because the other way simply fails me over and over and over.