+1
Too complicated. You should only bid how much you think the item is worth or how much you're prepared to pay. If someone outbids you, tough titty.
Plus, there's so many members here now. What if a member unwittingly outbids another member that has been "given the all-clear" to buy something. Are they gonna be branded "a cad and a bounder"?
Nah, it's a can of worms guys.