Auctions can be set to a number of time durations. 3, 5, 7, or 10 days for a straight auction or as a fixed price sale up to 30 days. if you are outbid, ebay will send you a notification. However, if the auction is close to ending these notices may not reach you in time to raise your bid. You will have the best luck placing the highest bid you are comfortable with the first time. Ebay will only place it in the amount nessesary to beat the next highest bidder and then increase it as necessary but only up to the maximum you have bid.
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