If a bid is placed within the final 60 seconds of the scheduled closing time, bidding will be extended by an additional 3 minutes. This is known as the ‘Extension period’.
This will continue to happen until a full final 60 seconds passes with no bids being placed.
This ensures every bidder has a fair and equal opportunity to place another bid.
Do not delay your bid until the final few seconds. Using this strategy provides you no benefit. Due to variations in browser and connection speeds, bidders are advised to make a bid with at least 10 seconds remaining on the clock.