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Originally they use to keep auctions open until the action stopped after the last auction for something like 15 min. This would allow others to always get their bid in. As a seller I liked it. You always got a great price, now it stops at a specific time no matter what. As a buyer I didn't care. Then then instituded this close at a specific time deal which has driven everyone to sniping at the last seconds. It does not get the best price for the seller as the most people hold back to the last minute and when the time is up there seems to always be someone who is willing to bid more.
Frankly IMO auctions are suppose to stay open until no one bids anymore, not until a given time.
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