A candle auction is a type of auction where the bidding process is time-limited, usually determined by the burning of a candle. In a traditional candle auction, a candle is lit, and the auctioneer bids until the candle burns down to a predetermined point, signaling the end of the auction. The auction typically involves a fixed time interval after which the bidding is closed, and the highest bidder at that moment wins the auction.
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