Extended Bidding:
All bidding ends at 16:30 (4:30 p.m. EDT) on the expiration date indicated for each vehicle. However, bidding can be extended until 17:00 (5:00 p.m. EDT) at the latest.

How does it work?
If a bid is received within 5 minutes or less of the expiration time, the bidding is extended by an extra 5 minutes from the time the bid was placed. Once the bidding time has been extended, each subsequent bid will extend the expiration by an extra 5 minutes from the time the bid was placed until a maximum time of 17:00.

See an example:
For example, Stock #12345 expires on January 1, 2020 at 16:30.
1.
  Jane submits a bid at 16:10,
the expiration time remains at 16:30
2.
  Jack submits a bid at 16:23,
the expiration time remains at 16:30
3.
  Lucy submits a bid at 16:25,
the expiration time remains at 16:30
4.
  Thomas submits a bid at 16:27,
the expiration time is extended by 5 minutes to 16:32
5.
  Kevin submits a bid at 16:30,
the expiration time is extended by 5 minutes to 16:35
6.
  Nobody else bids. Kevin wins



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