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Having seen all the gambling site scams for Valve games (see CS:GO streamers faking wins on their affiliated websites), it would come to me as no surprise that

Having seen all the gambling site scams for Valve games (see CS:GO streamers faking wins on their affiliated websites), it would come to me as no surprise that they are abusively pushing users to bidding wars by counterbidding 'fake money.' If they win the bet themselves, they can always reauction the item at a later date.

pepy 10y ago
or have a guaranteed win on one of their accounts through a script and there is no item at all
mod 10y ago
I think those were real wins (at least with no proof otherwise), but on a site that was not disclosed to be owned by the winner. May or may not have been rigged in their favor.