I would vote two minutes so that it gives people time to think after they won/lost on a previous item.
I would also, if you are auctioning cards from the same set, put the most expensive cards to end earliest. That way people aren't saving funds for large cards later and will know that if they lost out on the most expensive cards, they still have money remaining for the cheaper cards. That maximizes prices and helps collectors as well, since they won't be stuck with nothing if they were waiting for the bigger card and then got outbid. Hope that makes sense.
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