Posted By:
Jon CanfieldDave, if the two bids are from different bidders, both register. Let's say the item is at $100. The $1150 snipe will go in bringing the price to $105 (or there abouts). The $1400 snipe will register bringing the price to $1160 (or there abouts).
Under Trae's suggestion, the $1150 snipe won't register because it's lower than the $1400 snipe, therby letting the person who placed the $1400 snipe win the item for $105 (or there abouts).