[Myka]

The "last man standing" more closely simulates a real auction. An item could have no bids for the entire life of the auction, then 2 (or 100) people bid in the last minute, and one guy gets the item for the opening bid. "Last man standing" gives both these people (or all 100) a chance to up the bid and actually continue it on like an auction should run - to the highest bidder. I think we did consider leaving the entire auction open for anyone to bid if there are two identical bids in the last minute, which I'm game for too. With that ruling, the auction remains open for all bidders until there isn't a bid within "X" amount of time. That's probably as close to a real auction as you can get.