The next phase, which usually begins a few hours to 1 minute before the end of the auction, is what I call the "frenzy."
During this often amazingly brief period the animals gather to test the top bidder, who sometimes just sits the thing out and furtively lets the automatic bidding notch up the price he has to pay. Every now and then you might see a situation where the top bidder is capped by only a few pennies by somebody who shows up literally at the last minute. The final fifteen seconds are often very entertaining.
Disclaimer: I'm not saying this will definitely happen on this auction, only that this reflects the behavior I've observed several times when there is this level of apparent interest in an item. In my personal opinion, the condition of the item here-- broken and totally gutted-- renders even the current bid utterly irrational, but what do I know? Maybe somebody wants to use it as a planter. Oops! Can't be used as a planter-- it's cracked!
drwstr123 wrote:Still 18 bids, 12 hours to go.
Additional info and pic is on page 88 of Marshall Fey's book, "Slot Machines".