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Definition

Auction sniping (or bid sniping) is

a technique where a user in a timed online auction waits until the time limit is nearly expired before entering a bid. The other participants in the auction do not have enough time to enter a counterbid, allowing the sniper to win the auction. A sniper may enter the bids manually or use a software package to do so.[1]

References

  1. Techopedia, "What is Auction Sniping?" (full-text).
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