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<p>[QUOTE=&quot;blsmothermon, post: 1026021, member: 26158&quot;]This is from their FAQ&#039;s, does this explain what&#039;s happening?</p><p>&nbsp;</p><p><b>I was outbid by less than a full increment. What happened?</b> </p><p>It is entirely possible for someone to lose a lot in Internet bidding by less than a full bid increment. What happens is that the winning bidder will independently bid a small amount higher than the underbidder. Since a bidder is only required to bid at least the amount of the next highest increment, and since no one knows what anyone&#039;s maximum bid is other than their own, the current bid will rise possibly from well below the maximum bid to the lesser of the actual maximum made by the new high bidder and one increment above what the underbidder has bid. </p><p><br /></p><p>In other words, if your maximum bid is $800 and the current bid is $310, a new bidder would be entitled to bid any amount of $320 or higher because the next increment above the current bid is $320. If the new bidder bids any amount above your maximum bid, he would then become the high bidder on the lot.[/QUOTE]</p><p><br /></p>

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