Bob; If I'm willing to pay "x" after I see somebody bid "y" .... but the clock ran out before I could get my bid in .... and if "x" was able to increase his bid a few minutes after seeing what my bid would have been had the ebay clock not run out ... and so on and so on.... "the market" has not had a chance to develop to find out what the final bidder would have been willing to pay... as in a live auction. Ergo; as a result, Ebay is not a good barometer of "the market".

Does anyone else understand what I'm attempting to convey? If so, maybe you could put it into simpler terms.