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When bidding on an item in the gold auction house, it would make my bid the highest bid but I get refunded my gold and it says I am not the winner. I have done it with several completely random values, and it continues to happen.
An example would be: I bid 1 million, and then the current bid is at a million. I get refunded the gold, and then when I try for 1,563,278 gold, it refunds me. The current bid then rises to that value, not 5% more.
This was hotfixed months ago probably around the time the OP posted this. If you don't bid enough then the current bid is raised exactly to what you bid instead of 5% more than what you bid. This was changed so that other people couldn't find your max bid. Before the fix it was sometimes possible for them to find it and make you pay your max bid without any intention of actually winning the item.
Wyatt Cheng (one of the devs) explained this here:
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