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On eBay, a jewbidder will wait until the last minute (or even last few seconds) on an auction before placing their bid. This means the other bidder(s) don't have enough time to complete their bids before the auction ends.

The intention is to avoid bidding early, so you don't drive the price up.
I was trying to outsmart the other bidders by bidding late. Damn jewbidders beat me to it.
by scruft March 07, 2010
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