This is in the FAQ’s (the often unexplored Region 1):
31. How come I’m outbid but my snipe doesn’t know it yet?
We check if you are outbid in certain waves. This is a HUGE bandwidth waster and costs us money, so we do it the most economical way we can:
If the item ends within 30 min, we may check 10 every min
If the item ends in an hour, we may check every 20 min
If the item ends in a day, we may check every 12 hours
If the item ends in 7 days, we may not check yet.
Please note that you can click on View Extended Info just above your snipes, and it will give you this information immediately, so you're only one click away from the info you want.
AS is aware that “View Extended Info” should read “Update Prices”. A similar schedule also applies to sending outbid email.
Another reason for not displaying the current price is response time. If you have several snipes, it would take extra time to bring up the “My Snipes” page or to display the snipes in different folders – not all of AS customers would want that (me).
A ways back (maybe a year ago), AS did make a change and repositioned and re-titled the Update Prices button to make it easier for customers to find it. I’ve never known a time when AS automatically refreshed the current price when bring up the "My Snipes" page.