That makes sense (especially the part about not having access to bid closer to the end time) for something cheap or with few alternatives. Still doesn't make s

That makes sense (especially the part about not having access to bid closer to the end time) for something cheap or with few alternatives. Still doesn't make sense to me why these people are bidding - mostly lower than the item value - for things like iPhones that have literally thousands of eBay auctions going on at any given time.