outbid - NO! But still lost out

So ebay is now rubbish  for buyers as well as sellers. Stopped selling back when so called Simple Delivery was introduced. Probably time to stop buying also?
Left a maximum bid and when I check a lower bid has won the item. Curiously the winning bid is described as - "private listing - bidder identity protected"  Well nothing 'fishy about that then, hey?!

Broken beyond repair. Absolutely have no trust left in this platform at all.

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outbid - NO! But still lost out

What is the Item Number please?

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outbid - NO! But still lost out

If it was a Private Seller then it is probably the Buyer Protection Fee that's causing the confusion.  When you place a maximum bid it is inclusive of the BPF, however, when looking at the bidding history the amounts shown exclude the BPF. 

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