So scraping bots and “buy for me” bots are bad, but the incredibly annoying sniping bots are OK? That sure feels like a double standard.
I never understood why eBay set things up to enable sniping. Many years ago, there was an auction site called uBid. They had the sane rule: Bidding is open as long as there have been bids in the past 5 minutes. So the end date could be January 24th, 3pm, but if someone bids at 2:58pm, the deadline is extended to 3:05pm. And it keeps going. You know, like how auctions in the real world work.
Much like your example, in the two minutes before the end of the auction, every new bid placed extends the auction clock by another two minutes, the winner hasn't won the auction until two minutes have passed with no further counter bids.