A 5 minute anti-snipe is now in place. Two examples follow of how this will work.

Example 1:

End Time: 1:00
Bid Time: 0:56
New End Time 1:01

Example 2:
End Time: 1:00
Bid Time: 0:59
New End Time: 1:04

This will hopefully be the best of both worlds for buyers and sellers, allowing more strategy to when it's best to place a final bid and at the same time ensuring that any significantly interested bidder doesn't lose out because of a last minute snipe.