Like madmonk said if it is a multiple number of lots ,say 20 and the first bid in the list is for 10 at 1.00 ,then people can bid at 1.00 until all 20 lots are accounted for ,then someone comes in and bids higher the last person that bid 1.00 was outbid , and it goes up the list, Watch some closing soon lots that may help a bit , I you have email notifications turned on you should have got an email that you were outbid.