Hello Todd,
Thank you for your question about an auction you did not win, even though your bid was the highest. We investigated to see what we encountered when we placed the snipe for you. We submitted the bid multiple times and received the same response for each one.
On your Completed Snipes tab on our site, hover the mouse over the red "see error" text. It gives the reason you did not win, which in this case was: "Our authorization with eBay to bid on your behalf has expired. Please visit your Preferences and click 'Renew Authorization'."
If you have changed your password at eBay since your last snipe, that explains the error. You just need to update approval there in your preferences.
Thank you for taking the time to write in. Please let us know if you have any other questions; we are happy to help.
bidslammer