Great explanation, although it doesn't explain where does that misleading and unnecessary "current bid" number appears. If the AH works the way you're explaining, I don't see the use of the "current bid" number. ¿Why does this number is even displayed to players? It's damn misleading. So many times i've seen great items at "current bit 50m". I bid 60m - I'm winning and the current bid moves to 60m as well.
Auction ends and I never got the item.
Please Blizz do us all the favor and simply remove the "current bid" number or simply leave it at the bid owner's default number. It's plain stupid. If Max Bids are hidden from everyone and that's what determines who gets to keep the item, why fool us with a "current bid" thats means nothing?
I understand why you are frustrated, but the "current bid" is important information and IS relevant. Removing it would be harmful to the bidding. The reason it matters is because it tells everyone who comes along later that if the most they are willing to bid is lower than the current bid, they don't need to bother. If someone started a bid at 100, and it was now at 500m, but the "current bid" still displayed as 100, a LOT of people would waste their time trying to bid on an item they have no chance of winning. By knowing that it is at 500m, those who don't value it that highly can just skip along their merry way. The current bid also helps (some) people realize why their bid got instantly "outbid". If you bid and the game says "you've been outbid", and the current is now at your bid, people who are familiar with proxy bidding understand exactly what happened.
As for your specific situation, I dunno what to say. If you bid 60m, and the game said you have the current winning bid, and the auction ends and you don't get the item, then you must have been outbid later. Did you get your gold back? If you got neither the gold or the item, then that is a serious bug you should submit a ticket for. If you got the gold back, then you were NOT the winning bidder (even if you did hold the max bid for some time on the item).
Please know, as some have suggested here, that some buyers intentionally place no bids on items until the final moments of the auction, and in the last minute they place a very large bid (as much as they are willing to pay for it). They do this to prevent from getting their max bid upped, and if they see an item is about to sell for far less than they think the item is worth. This is commonly referred to as "sniping". But the majority of players would probably fine engaging in this behavior tedious, so for those people, the preferred tactic is to just place the largest bid you're willing to pay when you decide you want the item, and see how it goes. Just know that you may lose the item in the last few minutes that it's up. Good luck!
@Duck: I didn't mean to be rude... well, maybe a little. I just meant that saying words to the effect of "you don't know anything!" isn't helpful, especially with a player who obviously doesn't understand the system as well as you do.
@Facepalm-debators: Maybe you should open another thread about that? This one is about bids.