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Reply to "max bid, proxy bid. whatever. newbie in need of help. my auction ends tomorrow"

I think it is possible to win with a bid that is less that the bid increment. Someone won an auction from me by $.02 even though the bid increment was $1.00 or something. E-bay does have some type of explanation for this which is very confusing. But it is possible (For example, I was high bidder at $50, and my maximum proxy bid was $72.00, someone sniped me with $72.02, and when the auction closed that bidder was considered the winner).

as a very newbie, I hope I understood the discussion here.
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