The only thing I want to add is that my point obviously didn't read the way I wanted it to
I am not saying people should bid the amount they are willing to pay (All in one go)
What I mean is if someone has a bidding target of an amount they are happy to pay for a domain, they should know the time constraints of the auction and make necesarry counter bids within their targeted budget to try and win the domain.
When people who have bid on one of my domains previously contacts me to say I sold a domain too cheap they would have bid more my response is usually, well you did have the chance
Thats how I bid on domains, I outbid other potential buyers up to the amount I am happy to pay. If one of my earlier bids is not countered then I get the domain cheaper.
I was not talking about proxy bidding, just counter bidding in general which in my view is the only way forum auction do work.