Auto-extension is a feature that automatically extends the end time of an auction to prevent "bidding wars" at the last second. It is designed to ensure a fair and competitive bidding environment.
Trigger: If a bid is placed within the last few minutes of the auction, the system automatically adds a set number of minutes to the timer.
Purpose: This prevents "sniping"—a tactic where bidders wait until the last possible second to place a bid—by giving all participants a fair chance to respond and place a counter-bid.
Benefit: The auction will continue to extend as long as new bids are placed within the extended time, ensuring that the final bid is a true reflection of the market's best price.
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