Even if no other suggestion is incorporated, please, please implement a snipe guard.

Without one, it hurts the seller for buyers to just wait for the last few seconds to outbid someone, instead of an actual bidding war up to someone's limit.

I understand it's nice getting an item for cheap because you snagged the top bid at the last second, but I'd rather pay a little more for the auction system to be more fair and less frustrating.

It would definitely help the economy I would think, establishing values for items based on demand. The more people badly want an item, the higher it will sell for, leaving the lesser in-demand items to have lower costs due to people saving up for the big ones instead of snagging things left and right.

Idk, I feel like auctions can be frustrating but it's totally possible to make them feel more fair and less random.