With 1 click bids, what if 10 people bid on a $1000 item in the auction's dying seconds? Will the last clicker pay 10 increments?

With 1 click bids, what if 10 people bid on a $1000 item in the auction's dying seconds? Will the last clicker pay 10 increments?

 

Is there any protection to prevent paying more than expected... at $1000 the unsuspecting bidder could end up paying $1250 instead of $1025?  Or am I missing something?

 

Thanks,

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