This auction must have had a hidden reserve. Most auction houses will note the day a reserve will post. I believe it's typical that these post half way through the auction or so. I think it's unusual to have one post near the end of the auction or without warning. But I could be wrong about that. You may get a better answer if you post a link or explain where this happened.
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Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others.
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