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Yeap, seems to work fine for me under iOS 5 on an iPad 2. Both bidding and buying.

Although after buying I was logged out. I had to login again to test bidding. Is that what you want?
 
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If you want suggestions, I would say find something other then an auto refresh for the main page graphics. It works, but it gets distracting to have that spinning wheel as it connects. And if you want it to be iPhone friendly, something that doesn't use as much data would be good.

I would comment on the buying/bidding but I can't get an account created on my iPad 2.
 
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