That sentence sounds sweet to my ears, Bob!
With a big item such as a bass, I just observe the "tide" of biddings and place my maximum bid at the last moment. My reasoning is if anyone's willing to pay more than my maximum bid at the final moment, then let him/her have it.
For winning my '72 fretless, I placed a $1250 bid at the last minute and won the auction at $1173. It was only $860 or so before I jumped in. The "cresting waves" hit during the last 60 seconds! Thank God I was surfing on top of them.
