I think it depends on what's being auctioned - auctions have a tendency to become competitive and take on a "win at all costs" momentum. I've seen certain collectibles (i.e., coins, rare books) go for way more than I've seen them elsewhere. Though I think a great many bargains do exist on EBay, the notion that "things are cheaper on EBay" can cause a lot of people to get taken. It's just another market, in the end.
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