Bah,
I lost learntodance.com.au by 9 seconds......guy before me has the same bid as me but 9 seconds earlier!
I reckon thats bad system design, the auction should be extending if two people have the same bid.
If, after seeing you lost it, you thought 'Bugger, I would have paid more', then there's no real excuse. It's proxy bidding so you should place a bid for the absolute max you would be prepared to pay. Not one dollar more nor one dollar less then leave it to the hands of the gods.
Extending would be out of the equation though as the domains are dropped from the register only a few minutes after the auctions close.
Not if the standard auction ended a little earlier like Drop?