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How could I have won this by 10 cents?

Not that I'm complaining, I wanted the item. But I don't see how the math worked on my latest AS win.

List price: $75.00

No bids until the closing minutes. Mine was set to snipe at the default 7 seconds. My max bid: $178.88.

A couple minutes before the close, a lone bidder showed up. His bid showed as $75.00 until my bid came in as the winning bid at $178.88.

Bid history shows his bid at $178.78, which is ten cents less than mine.

How does the math work, since we know the minimum increment was more than ten cents?
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