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I thought private auctions were done by the seller to prevent other people from "sniping" him.
You know, you post one of your VWs on eBay, get 15 bids, someone watching could contact all of those bidders and say "Thom is teh suk, my VW is better, why don't you come take a look."
It's also a good way for crooked sellers to prevent bidders from being warned by others.
(With the recent changes, I don't know if that could be done anymore, though, even in non-private auctions).
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