Forum Thread
Auction House Remove Bid
Forum-Index → Suggestions → Rejected → Auction House Remove BidAuctions in PH are supposed to work the same IRL (in real life).
There is a starting bid, example 50,000. People can keep bidding higher and higher numbers, for example:
Man 1: Bids 50,001
Man 2: Bids 55,000
Man 1: Re-bids 60,000
Man 3: Bids 80,000
And then Man 3 wins, because he bid the highest and the time was over. Man 1 and 2 gained their money back, but Man 3 won the item/Pokemon.
This is how Auctions work, and it will never change.
In general you should be careful when setting a bid... Since it cannot be undone, for realistic reasons.