For me...
1) Bidding - Sniping in person within 3 seconds of the end of an item can be an adrenaline rush.
2) Waiting - The wait, especially from overseas, can be excruciating.
3) Finding - Finding something you've been looking at a good price is fun.
4) Receiving - Bah, I check the poster, take a picture and file it immediately.
5) Searching - Not fun at all, especially when you can't find what you're looking for.
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