Are there anti-sniping measures in place?

If a bid is placed on an auction within 1 minute of its close-time, the auction will be extended by an additional 1 minute to allow other bidders a chance to place a counter bid. The auction will be extended with every bid until bidding from all parties stops. This prevents what is knows as “sniping” — bids placed at the last second that are likely to exceed the current maximum bid and win the auction without giving others a chance.

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