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I can't imagine having enough unused time in my life to make it worthwhile to sit there watching an auction until it dies just to gamble and hope my lottery ticket of a bid is the winning one. Especially since, watching the behavior for a few minutes it looks like everybody does the same thing they sit and wait for the timer to hit one second hoping someone else will bid then a half dozen people all bid (based on the price jump of multiple cents) and only one of them even gets the chance that their bid could win.
It seems to me you're hoping to get lucky and a momentary big of net lag causes those last second bids to come in late.
But I suppose if you have the time and absolutely nothing else to do with it...
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