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What happened?

I recently lost 2 auctions.

On the first loss the message reads "did not win"
no other information. The winning bid was for less than my max. however my lead time was only 5 seconds. I'm pretty sure my bid didn't get through. I readjusted my lead time to 10 second and bid on a similar item. I lost again this time it reads "out sniped". The confirmation states my bid was place with 22 seconds to go. That left enough time for someone to get in behind me. What happened?

Item #3060156790


Thanks
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