Why do auctions extend by 3 minutes?
The offer extends for 3 minutes at the end of an auction to give all participants a fair chance to place their bids. This feature is called **»auction extension,»** and it’s designed to prevent «sniping,» where some bidders place a bid in the final seconds of the auction, leaving no time for others to respond.
How it works:
If a bid is placed within the last 3 minutes of an auction, the auction is automatically extended for another 3 minutes. This process continues until no new bids are placed within the final 3 minutes, at which point the auction ends definitively.
This ensures that the auction is won by the person who is genuinely willing to pay the highest price.
