Also, it's pretty evident that a hard close leads to a higher price than a soft close. In a hard close people will bid up to the price they are willing to pay, and if they don't get the item, it wasn't worth the gold anyways (in their opinion) and some bugger didn't get the item cheap. In case the price people are willing to pay is too low, someone is going to snipe the auction.
Precisely this. I know when I am sniping, I personally put in the highest amount I am willing to pay. If someone else out snipes me, grats to them, they were willing to pay more than I was. Anyone who's trying to snipe something they actually want (or intend to flip) that just bids the minimum bid over and doesn't bid to the maximum they are willing to spend is doing it wrong.
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Precisely this. I know when I am sniping, I personally put in the highest amount I am willing to pay. If someone else out snipes me, grats to them, they were willing to pay more than I was. Anyone who's trying to snipe something they actually want (or intend to flip) that just bids the minimum bid over and doesn't bid to the maximum they are willing to spend is doing it wrong.