Aaah, you tried to snipe it. Clever.:-) He, unfortunately, anticipated that. Hence, after he placed his initial (lower) bid, he had a hunch some sniper would come along, so he increased his bid just to be sure. It is always the highest bid that wins, no matter when it is placed.
The auction ended at 16:30:30, and you tried to snipe it at 16:30:06. Your opponent, however, placed his first bid earlier in the day at 9:54:10, and then immediately placed a second higher bid. Had you bid more than him, you would have seen his two bids just below your winning bid.
Sometimes sniping wins you the item, sometimes not. If you always win with your snipe, you're bidding too much. If you never manage to grab your item, you need to bid a little higher to win. Whatever your item was, check back because you will soon find another, if there isn't one listed already, maybe at a better price now that he's out of the way. 😉
