No, it does not and your statement is not the point.
The egay software sutomatically sets the levels of increase in the price of a bud, such that a bidder might bid $500, while the increase in the bid shown online is only $10, hence the successful bidder might get the item for less than he is willing to pay.
This allows a bidder to set a maximum bid and not go over it.
Also the fed auction cannot be "sniped" by software as can egay.
The fed auction and egsy auctions are similar animals but very different species.
His .02 cents!
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
bahaha ok sorry that is the last time I swear.