The late bidder in penny auctions is referred to as a “spoiler.” They’re called this because they will wait until the very last minute in a very long auction to place their bid, and take the prize. They will wait until everyone is tired, and the auction is winding down.
So You Want To Be A Spoiler
If you want to be the spoiler in an auction, it’s vital that you learn the estimated price each item usually goes for. Then you wait. You wait until the auction nears close to this price, because most people will not want to go over – and then you plan your perfect moment and outbid the whole lot.
Do You Hate Spoilers?
The best way to avoid any negative bidders is to study, and figure out who they are. Get to know your competition.