no.
it starts at round 12, which is the last where pyssso could bid. he bid 922, which is 1 more than the 2nd best, giving him 500. he's left with 882.
round 13, the system trys to bids for him again 922, which is more than he's got, so it bids the 882 left. it's the best bid, so he gets 500.
round 14 and 15 same story, the system bids 500 which is the best bid. he can't get under 500.