I tend to look at the previous prices of the same item but most importantly it has to be the price of the same item at roughly the same time as the auction. I get a relative average guess price from that.
Then I look at the type of auction: first time winners (1WA) and no autobid tend to end relatively earlier, so I just go lower than the guess price I have, otherwise I go slightly higher.
I am not saying this IS the way to do it, but this is how I worked mine out and I have won already so it is not completely useless.
I suggest you make up a method from your own mix of this and other answers you think make sense to you and refine your method as you go.
Also if you observe then participate in one or two auctions (after reading the how to) just for a try (not all is lost since you make VPs and you might just win!), it might just give you some additional tips, at least for the behaviour of some of the usual suspects around the Pricebenders bidding pages!
Best of luck!
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I tend to look at the previous prices of the same item but most importantly it has to be the price of the same item at roughly the same time as the auction. I get a relative average guess price from that.
Then I look at the type of auction: first time winners (1WA) and no autobid tend to end relatively earlier, so I just go lower than the guess price I have, otherwise I go slightly higher.
I am not saying this IS the way to do it, but this is how I worked mine out and I have won already
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