Auction 7/11 set

now auctioning off a 7/11 set xD
starting bid: 1 mil
minimum increase: 500k
buyout: 20 mil
end time: today @ 10 pm EST
I forget the rules of an auction does it go back to 7.5 mil if the bidder says their out or is it still 13.5 mil?
 
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I was thinking about it but I'll pass 13.5 mil is too many bells. Vannuilllabeth can have it.
 
so is the highest bid nothing then??? as you retracted your bids and vannilllabeth said forget it xD so hm
 
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