I've saved up crowns for a REALLY long time on my steam account, and now I can finally afford to get both Prismatic Glow Eyes and Flame Aura in the auction house..
But when those two items finally show up in the featured auctions, I always lose the auctions. This has happened FOUR times now.
Why?
Because I'll be the highest bidder, and then go to work.. come home and the auction is over and someone out-bid me while I was at work.
Why does this happen?
Because it doesn't tell you an approximate time when the auction is going to end. It seems "long" means completely different things every single time.
Why is this ridiculously stupid?
Because I do use real money to pay for things in the game. To earn real money, I have to go to work. I don't understand why I'm being punished for supporting the game. -_-
If the auction stated the exact time the auction would end, I could re-work my schedule around the auction so I could actually have a chance at it. It really seems unfair that the ending time is totally random, it's like it expects you to be on the game 24/7. Up until I went to work this morning, for example, I spent a day and a half checking the auction every half hour to make sure I was the top bidder. It seems that was a waste of time.
From the wiki:
"Very Short: less than 5 minutes (time is extended with every new bid)
Short: 5 minutes - 1 hour
Medium: 1 - 4 hours
Long: 4 - 24 hours
Very Long: 24+ hours"
That doesn't solve all your problems, but it does help.
BTW, I don't understand why you'd bid while it's still on Long anyway. There's a 0% chance that your bid will win it, unless it's something stupid high.