Yeah, bidding x dollars, even though you're willing to pay x+1 dollars will get you every time.

My coworker is constantly bemoaning the fact that he is beat out of great deals by a dollar or two. I keep trying to tell him to bid up to what he's willing to pay (whether it's the last minute or not), and he'll never miss out on a great deal.

You'll never regret being losing an auction for higher than you wanted to pay, and you won't pay more than you would by bidding lower.

Craig