Not necessarily.  I got an item I really wanted, bids for which stood at 
$995 just before ending time ... I bid $1000.05 & got the item.

From: "Jim Nichol"

>I have nothing against sniping. But if you're going to snipe, you have to 
>do it correctly. You need to bid at LEAST 50% more than the current price, 
>not 10% as was done here.
> Jim Nichol 

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