Posted By:
CatI did that one time where I bid on a Mayo Ward card. I bid $3,012 and the previous high bidder had bid $3,000. As Paul stated, the high bid was now $3,012. I bid again to increase my max and the high bid was changed to $3,050. So bidding again cost me $38. I canceled the second bid and the high bid reverted back to the $3,012.
Although it was a little strange. The second bid, and the cost of $38, conforms to their bidding rules. The $38 was the cost in order to make sure I was the high bidder in case someone raised the bid again (no one did). I guess you have to ask yourself is it worth $38 to raise again and have a better chance to win the item (if I remember correctly I had raised my max to $3,300 on the second bid).