Have a look here: http://www.sitepoint.com/marketplace/auction/20371

This is a very good site that generates a lot of leads per month. But this is not what I want to talk about. Look at the bidding history:

• 22 Feb 2008 05:39

  $120,000 – chip2447

• 19 Feb 2008 12:08

  $80,500 (Private)

• 17 Feb 2008 03:39

  $80,000 (Private)

I can understand that someone has decided to raise his bid by $500 (the second one) but it is beyond me to understand why user name chip2447 has decided to raise the bar to $120,000 4 hours before the end of the auction. It is not that there are 10 bidders that are fighting for this website.

It is a lot of money to put, and I don’t think that many buyers have this sort of money. Apart of that, to run this website you need to be a lawyer , and again this limits the cometetion.

So why do raise the price to $120k? I really don’t know…

Assaf