Well... all of the above has been VERY interesting. I sort of combined all of the ideas, and you will all be thrilled to know that I WON an auction for the first time on eBay about 1/2 hour ago!
The Pipe...
I hesitated to post the entire info regarding the auction, because I would hate to inspire some kind soul to share with me that they, "got one exactly like it for $3.29 at a swap meet last summer" (so don't do it - please and thank you).
I ended up posting a few bids (which were quickly overtaken) then looked at the competing bidder's bid histories and tried to figure out who might be serious and willing to bid high for a pipe. I then wrote the seller asking about a detail on the item, and in his reply he mentioned that there were over 30 "watchers" for that item so he expected some serious action before it was all over.
So in the end, I let the last bid above mine ride ($104.50) until exactly six seconds before the auction ended, then I bid $162.50. Apparently my timing was good as nobody had time to hit the "instant bid" button to bump up their bid past mine and it sold for the next increment of $107.50.
So thanks guys - the suggestions worked. Although I have decided in the future I will bid like ChuckW. I almost had a stroke watching that stupid auction wind down, and I really think the "set it and forget it" method is in the end far superior for my health!
As for Kevin's question regarding linking eBay onto here, or running our own auction system... I actually am not in favor of either. I like to be "isolated" from the rest of the internet while I'm hiding out on this site, and eBay is omnipresent as it is. Besides(I hesitate to admit this), I'm not a good loser, so I wouldn't want to be bidding for items against my new pals on here. Therefore I'm voting with CortezAttic on that subject.