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Under this paradigm the bidder's valuations at IA are i.i.d. random varables \\(X_1\\),\\dots, \\(X_n\\) and the payoff is the second largest order statistic \\(M_{n-1:n}\\) of these valuations. The problem is to estimate the expected payoff \\(E M_{n-1:n}\\) when the actual number \\(n\\) of bidders in the auction is unknown as it is the case at IA. The authors investigate the limit behaviour of \\(E M_{n-1:n}\\) as \\(n\\to\\infty\\) and consider estimates for this value by observed payoffs when \\(X_i\\) are heavy/light-tailed with the extremal value index \\(\\gamma\\). It is shown that for \\(0<\\gamma<2\\) the observed payoff underestimates the expected payoff. For \\(E\\log M_{n-1:n}\\) an adjusted consistent estimator is proposed but this adjustment doesn't work for \\(E M_{n-1:n}\\). For \\(\\gamma<0\\), when the bidder's valuation distribution has a finite endpoint, the observed payoff overestimates the expected payoff. 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