A product may be extended by 3 minutes if a bidder places a bid within 3 minutes before the auction ends. Take a look at the example below:
- An auction is set to close at 15:00
- Bidder A placed a bid at 14:58
- The system extends the auction to 15:01
If another bidder places a bid at 15:00, the clock will automatically reset to 15:03 and so on.
The auction will conclude once there is no bidder by the end of the new auction time.