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Why have I lost in spite of being the highest bidder?

There is a reserve price set against certain products and to win a bid, one is supposed to enter an amount over and above the reserve price. Even if you are quoted as the highest bidder, you would not be declared a winner since the reserve price would not be met.
You auction panel will clearly inform you if you have won or lost the auction.

Other related topics
What is the reserve price?
Why the reserve price details are not mentioned on the product page?
How can I check what is the reserve price and bid directly above that price?


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