You don't have to. Playing for a long time also means you will receive first class Status.
10:00:00 - player A bids 90k
10:00:01 - player B bids 82k
10:00:02 - player A decreases bid by 10k
10:00:03 - player A increases bid by 2k
Player B wins
^ As that is written, Player A would win, not Player B (as B never actually exceeds A)
To put it very simply, the highest bid wins.
If bids are tied, the player who reached the winning amount first wins.
No, Player B would win, as Saphirus said. Both players bid 82k, but player B bid this amount first.