I have mixed feelings on this.
I would tend to keep quiet if I were interested, until the bids go above what I'm willing to spend, then tell others so they can bid if they want to spend more than I am willing to go. This might help someone to find something they would have otherwise have missed. It might also mean that a big spender knocks someone else out of the bidding.
I don't think there is a "right" answer to this one.
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