All of our auctions use the 15 Minute Rule: if someone places a bid on an item within 15 minutes of the scheduled closing time, the auction is automatically extended until there have been no bids placed for 15 minutes.
The purpose for the 15 Minute Rule is to prevent sniping and offer all users the opportunity to bid.
The 15 minute rule works like this:
- When the seller lists an item, he specifies the number of days the auction will run.
- The auction listing then displays the scheduled closing time for the auction.
- If there is bidding activity on the auction within 15 minutes of the scheduled close, the auction is automatically extended until there have been no bids placed within 15 minutes.
- After 15 minutes with no bidding activity, the auction closes.
The 15 Minute Rule allows all bidders an equal opportunity to place their best bid, and the seller can be assured he has received maximum value for the item.