Bidding on an eBay item minutes or
even seconds before the bidding ends, usually only a
small amount above the current
bid. This bidding method is recommended when there is quite a number of bids already placed on the item.
Joe: Hey Fred! Did you manage to get that
bike off eBay?
Fred:
Nar man... I was bid sniped. But that figures, there was like 20
people bidding on it