I'm a death-knell bidder who puts in his "max price" he'd pay for it - hoping to scoop any rivals. If you start bidding early, you just begin a bidding war! Tough tits for the seller, but thats how the system works. My method is fair to me, but it doesn't always work, because if the price is higher than my max before I would normally bid - I dont even bother bidding. Win some, lose some!
I know what it's like, I've sold a second hand 18month old computer motherboard, 0$ (give away) no reserve, people got in early (I'll put 50c on it!; Hey I'll get it for a dollar!, etc.etc.) and a bidding war on it started, and I ended up getting enough money to buy a brand new replacement one!! (i.e. I got $90 for it). I couldn't believe my luck, but of course this doesn't happen that often (just beginners luck really).