You will receive an email notification informing you that another bidder has surpassed your highest bid amount. This communication serves as an alert, ensuring that you are aware of the current status of your bid in the auction process.
If the auction remains open, you will have the opportunity to respond by placing a new bid or adjusting your existing proxy bid. To do this, you can easily return to the auction page where the bidding is taking place, or you can log into your account through the My Account section. This allows you to stay competitive and potentially secure the item you are interested in, as you can quickly react to changes in the bidding landscape.