I like the 5-min interval after midnight. I could see 10 minutes, but anything more than that could make things draw on. I am also not one to be bidding on a ton of things that I really think I have a shot to win, so that might make my thoughts a bit different.
I am surprised that the pre-midnight intervals are also 5 minutes (if the whole auction goes without a bid for 5 minutes before midnight everything closes). I think you could just say "don't worry, the whole thing is open til midnight." Imagine how much money would be left on the table if there was some freak interval at 9:30 pm where nobody bid because we were all watching movies and planning to check back at 11:30.
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