I think there is option for auto bidding up until certain amount.
Yes I have seen that in some AH video in old versions. Not sure if anything is changed regarding that though in later patches.
Its still in there I have a auction that sits at ~55 BetaBucks and I have the max bid at 60... so if somebody bids 56 BetaBucks it will instantly outbid him. So in your case Huck somebody has seemingly bid way higher than you have... so that it always outbids you instantly.