Strange proxy bidding activity at SEDO

[webcom]

Please take a look at this screenshot:

sedo bids

It's taken from a currently running auction at SEDO.

Please notice and comment on the consecutive bids that are automatically placed by SEDO on behalf of the same bidder

Those are proxy bids. A proxy bid is:

To use Sedo’s proxy bidding system just enter the maximum price you are willing to bid for the domain. Sedo will automatically place a bid on your behalf for the lowest amount possible up to your maximum bid using an increment bidding system.

 

[dhscott]

It looks to me as if the system has automatically raised each person's bid to the highest possible amount when another person has bid on the name.

It doesn't look suspicious to me at all.