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A candle auction, or auction by the candle, is a variation on the typical English auction that became popular in the 17th and 18th centuries. In a candle auction, the end of the auction is signaled by the expiration of a candle flame, which was intended to ensure that no one could know exactly when the auction would end and make a last-second bid. Sometimes, other unpredictable processes, such as a footrace, were used in place of the expiration of a candle.

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