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Where did my snipe go?

I just lost an auction that I had placed a snipe one hour and thirty min. on. The auction ended way below my snipe bid(actually only one person bid on the item) and I recieved no e-mail on the status of the snipe. My snipe pages has nothing on it but the the calender page shows it.

What happened and is the any kind of restitution for this because I definatly would have won the auction(I bid almost the retail price plus shipping).
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