This is the new (supposedly more convenient and less confusing) way ebay has of showing who is on top with the auction bids.
Your buyer-name (presumably g***F) is shown coz you won the bid-war at these different bid-values. Nobody wants to see a list of losing bids - it detracts from the ethos of the site, where everybody wins!
I suspect that with over 19 hours to go of a 5 day sale, your competing bidder is waiting for the final few minutes - when he/she will sweep in to outbid you.
Given that a brand new Cannondale frameset could cost $3000, I think you're getting a good deal.
The reason you may have been outbid is because the past highest bidder probably entered a max bid, so every time you bidded at first, his bid kept getting higher because he had a max bid. He is legit, as far as I know.
i would say the seller is legit they have 100% feedback and 887 feedback so i would say they are a seasoned ebayer. when it said you kept being out bid that was because the person that bid before you set a price that they wanted to pay then ebay kept bidding for then until that price was met. once they notice that they have been out bid they my out bid u again.
that is just the max bid system. people can put in their highest possible bid and you have to bid until you beat their invisible number.
it's just the way ebay works
http://www.ebay.com/itm/290838643591?_trksid=p5197.c0.m619
Ive been looking for this bike frame for a while so when I saw the listing I immediately jumped the gun. I tried to outbid the current bid by $20 but every time I tried to confirm the new bid it said someone outbid me. So I jumped to 700 and I am the current winning bidder. It was weird cause after that no one bidded against me. Everything I read so far the tells me the seller/listing is legit but I want to put it here to confirm otherwise.