Sounds like a case of sour grapes to me. You laid out exactly how someone could exploit the auction-ending procedure, and yet can't believe that someone could possibly have done what you describe?
A 5% bump in price is not that bad, when you consider that most bid increments are 10%. Save yourself one back-and-forth with another interested bidder who, like you, assumes that everyone goes to bed at 1:30 EST, and you've more than recouped that.
I agree that ending procedure is a bit more convoluted than necessary, but frankly, you just have to get used to each auction house having their own take on auction ending procedures. If you don't like the way the auction ends, don't bid in the auction, or at the very least write an e-mail to the people running the auction detailing how you think it could be improved. Have you actually tried to contact Steve or anyone else at Clean Sweep about this?
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