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Re ebay item 230038500027

Auctionsnipe failed to place a bid for me on this auction last night, otherwise I would have won the item. The only explanation in my "Lost Bids" page on this was "Bid Too Low."
Lead time on this snipe was the default 3 seconds. I have never experienced this failure with Auctionsnipe before.

Why did this snipe fail to place a bid?

Thanks.
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Good question, rpr. This next question might be of interest to you. Seeing that AS sometimes places a snipe several seconds before the specified lead time, why does AS allow the user to specify ANY lead time?

By the way, you DID notice you can’t specify a lead time of less than 3 seconds? In fact, for a while, AS didn't allow less then 5 seconds.

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