My auction of a $25 gift card is over. It ended at $26.50. The code used for the $25 credit was emailed to the buyer and feedback on both sides turned in.
With Paypal and Ebay fees, I lost a net $2 and the buyer lost $1.50. I'm not sure why this fascinates me, but the phenomena is reproducible and totally irrational. Even when studying the profiles of the bidders (the bidders who bid AFTER the $25 was reached - and there were a few!) doesn't reveal much.
There's something here.
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