Someone may have entered the inflated price as a "range" in order to not be out bid. Even if the item is currently 10.00, you can enter YOUR highest bid. It will remain the highest bid until the item is priced up to the ceiling of your range. Its kind of a crap shoot. I have done this a couple of times. The next bid on an item might be 12.50, I would enter 50.00 as my bid. The next highest bid will still be 13.00. If someone entered 13.00, the system would tell that person that he/she has been outbid. Both times I did this I got the item. If the bid did somehow make it up to 49.50, I would be liable for the original 50.00 bid I placed. Maybe the person mentioned in previous posts did the same, and when the price got higher than he/she expected, backed out.