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Did not win?

I put in a max bid for $150 for item #3456101755. I had a 10 second lead time, and the highest bid for the item was $125. I should've been able to place a winning bid, but the status of my snipe showed as "Did Not Win," not "Not In Time" or "Bid Too Low." What happened? Shouldn't I have been able to successfully snipe and thus win this auction? Did some freaky technical difficulty prevent my successful snipe?
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