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It's no fun, especially when your max bid is like $30 or $40 over the last bid then it jumps up to $2 over your max bid in the last second, lol
You could have been outbid by far more than $1-2. The last bid logged only represents the lowest possible bid that is needed to win, not the other person's 'maximum' bid - that could have been far higher.
But I understand the disappointment. I sometimes shop ebay - sometimes successfully, sometimes not.