What if I am the Highest bidder already?

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What will the effect of a snipe for a higher amount be?

for example, lets say I am the high bidder for $100 and current price is $75, if place a snipe for $150 will it raise my own bid, or will it just serve to insure that I get the itemfor less $150 or less?

4/6/029:29 PM

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