Why people bid last second?

[PricopGeorgeCătălin]

Its a good tactic but can easily be worked against you. I prefer to bid first for 2 reasons:

1) It shows that I'm in the game...I want the player.
2) Bid first and the other player is forced to bid to stay in the game. The next round, he is in control and you bid at the final 2-3 seconds and win because most of the time people dont want to spend that extra token to make sure you win.

I have won MANY an auction like this.

I am using both tactics, at the start, in first 3,4 rounds I am bidding right at the start, then I bid in last 5-3 seconds, giving him the fake impression that I am out of tokens and after that the final attack in the last second. (is working very good).