Incorrect, as long as you justify your inability to pay; e.g. the $60,200 bid has now disappeared and the top bid is at $58,099. Most likely, what happened is that the forced high bidder stated that they would not proceed with a payment should they win the auction. Effectively, this means that in the pre-release auction you should never put bullsh~t bids in, e.g. a few bucks lower than the high bidder unless you're prepared to end up buying the domain as #2.