+1 When I started playing this new sky block (my first time playing sb) I quickly realized auctions were a lot less about the willingness to pay and more about who bid last.
I initially thought: whoever wants the item the most will bid the highest. This proved to be false many times with last second bids. Originally it bothered me that I'd get outbid at the very last second.
Now however, I just try to be the very last bid on any auction I need an item for. It makes the most sense to simply bid when you see 1 second remaining and definitely get your item than it does to do a legitimate bid battle. I'm sure there's positive and negatives to both sides, but it would seem like a good issue to work out.