True if it does not hit reserve. Still helpful if it does.
I sell a lot on eBay and would rather nobody ever sniped, because early bids only drive up the price. As a buyer, I always snipe.
As a seller, I get a lot of bidders that were sniped and email me "hey, I would have paid more but that jerk bid with 10 seconds to go!."
Doesn't make sense, but often the mentality of the bidder is to bid close to the minimum bid and wait to see if they are outbid. Better to just bid your max and walk away... or snipe your max. Sniping gives you the best chance at paying the least.
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