I once went to round 72 for a defender. Got more than annoyed as the other person wouldn't quit bidding. A $20million player bought for $65million, Never made a big impact at my club anyways, will be sold next season.
Yes your right, the auction system is designed like that to soak up your tokens and I don't see why it should ever be changed. Sometimes you get a player for 1 or 2 tokens or your locked in a bidding war.