Immediately above the snipes calendar, there is a link in the center gray shaded box that reads UPDATE ITEMS INO. Click on that and the price will update.
actually i spoke to soon, did not want to disappoint chatter . it shows after and "update item info". but when i left and went some other place, it did not "stick"
you have to bid on it first, and "after" submitting your bid. put it on the snipe list in a bid group. try item 3440443274. this doesn't have a second line of text. the second line was a separate event.
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