Your bid and the other person’s were probably processed practically simultaneously. Their bid probably came in microseconds before yours, which is why they’re listed as the top bidder.
So it puts you into the bid history but it never takes any money from you.
We don’t do this because we’d immediately have to refund it since your bid didn’t go through. That’s why it doesn’t show up in your SpendFriend history. You’ll notice there’s no positive or negative transaction in your SpendFriend for that auction.