Do All Lots Close At The Exact End Date and Time? Do You Allow Sniping?
Generally yes, most lots will close at the completion time that the auction is set to end. However, to prevent sniping, the auction end time will extend 3 minutes when someone places bid 30 seconds before auction end.
Each subsequent bid will extend the auction by another 3 minutes from the time it is placed.
So, if someone places a bid at 11:28. The auction would then close at 11:33. If somebody places another bid at 11:32, it will now close at 11:35. This way everybody gets a chance to bid as much as they wish.
Because the software must determine how long to extend the auction based on the number of bids received after 11:28, it cannot accept proxy bids. Every bid placed during this time is a
normal bid, and will be immediately reflected in the bid.