What is overtime?
Normally, an auction closes at the scheduled time as displayed within the listing. However, if there are bids entered within the last 5 minutes of the closing time, then the auction will go into overtime. The auction is extended until there are no further bids for a continuous 5 minutes. This is similar to an auctioneer continuing to take bids until there is no further interest. For example, if a bid comes in with 4 minutes left in the auction, then there will be 1 minute of overtime, unless more bids are submitted. Thus, it is possible for an auction to be extended continuously, although the longest so far is about 25 minutes of overtime. Overtime helps dissuade “snipers”, or last second bidders. For example, you may have spent considerable time and research to achieve your high bid status at an auction. Without overtime, someone could time their bid entry to within a few seconds of closing, leaving you without enough time to notice the bid and enter one in response. This is a common