Are you on Wavee? If you are that one auction we participated in didn't make sense at all (Ipod Nano).
Not sure how much you ended up paying for it (I eventually used a B2B)
swikaan, actually that was me, although I do have a couple copycats out there now. That was my only auction there so far. I entered that auction, to be honest, without really understanding the Wavee system. Coming from Haggle, Bidcactus and for10cents, I just bid till I win. I learned later that I could have stopped much earlier and just paid for the item instead of going all the way.
The whole 'buy it now' option is not for me. I'm too competitive for that. I now understand that having that option will encourage bidders to keep bidding till they put in enough bids to just purchase it. In the auctions I participate in, I like to win the item as well as the auction itself. I'm sorry if that sounds a little arrogant, but that's the competitive side of me.