I've been bidding for manual focus lenses on eBay for sometime, winning some but losing most. Below is a weird pattern that I've experienced on eBay often enough to call it a pattern: My bid, based on my reservation price, is the winning bid until the last minute but gets trumped by a bid that's like a dollar higher than my maximum bid, leaving me in dust. Now that's nothing unusual. But many, far too many, of these lenses become re-listed very soon. On a couple of occasions, I even receive a "second-chance" offer within literally seconds of the close of an auction from the seller. How is this possible? Did the winning bidder decline to pay for the item within seconds of the close of the auction? My growing suspicion is that some sellers try to extract the full amount of the reservation price of the winning bidder by ghost-bidding - by creating a second account and use that second account to raise the price. By necessity, sometimes they go too far and overbid my (or the winning bidder's) maximum bid. So they re-list. Or they simply extend a second-chance offer to the genuine winning bidder. People say the prices are inflated on eBay, but I'm agnostic as to whether lenses actually do change hands at those inflated prices. Some of the prices may reflect "manipulated" winning price by the seller, which never led to an actual closing of the transaction. That's my hypothesis. Any thoughts?