The share
sales platform has an auction sniping prevention feature/setting which adds 30
minutes to the auction countdown timer when a new bid is placed on a share in
the last few minutes of an auction. This enables other bidders to have a
fair and equitable opportunity to give tough competition to an auction sniper
and to prevent the sniper from winning when placing his or her bid at the last
possible moment before an auction ends. This
is a feature not a bug. The system is
operating exactly as intended to prevent auction sniping. The share auction
ends once bidders stop bidding and the highest bid remains.
This sniping
prevention feature can result in fierce bidding wars that increase the final
price beyond expectations.