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Why does a lot stay open pasted its closing time?
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Why does a lot stay open pasted its closing time?
It is called the '5 minute rule'
Sellers have the ability to setup an auction with the feature of 'the 5 minute rule'. This means a lot will not close if there is a bid placed at the time of closing until 5 minutes passes with no bidding even after the lot is scheduled to close.
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