In reply to MikeTS:
> but it certainly is less stressful!
If you have the time to wait for the auction to end, the method of bidding mentioned above is not stressful at all.
ie: Use an automated sniping service. Think carefully about how much you would actually be willing to pay at the most, set up a snipe to bid that amount and then forget about it until the auction is over.
Works well for me. If everyone were completely rational there would be no need for the sniping, you could just bid directly in the same way. But I find the sniping helps to prevent someone (or sometimes even myself) from getting caught up in a competitive mindset where they end up bidding more than they should out of a desire to "win" the auction.
If there are no bids on the item and there is some time to run, sometimes I find it's worth putting in a low early bid to register an interest as well as setting up the snipe. If the seller is following ebay's rules, it's only after there has been at least one bid that they are committed to seeing the auction through.