Why does the auction closing time get extended when the auction is about to close?
When a bid is submitted within the final 3 minutes of an auction, we automatically extend the auction closing time by 3 minutes in order to prevent auction sniping – the practice of placing a bid just as an auction is about to close. The auction will be extended as many times as necessary until there are no bids placed in the last 3 minutes before closing. The automatic auction extension benefits buyers because it gives you more time to respond with a new bid, rather than losing the merchandise to a sniper.
Related Questions
- Can a Participant call to change or cancel a Bid before the Closing Time? Or at any time before the Auction results are determined?
- Why the closing time for some of the cars were extended, and the rest closed at 11:00pm (Singapore Time, GMT +8) sharp?
- Why Was An Item In The Auction Extended Past The Closing Time?
