No, that's basic feudalism. In which you trade privileges for infinite time spans and inherit them across generations. Infini-time auctions are a symptom. Corrupt anti-monopoly office another.

Free Market Capitalism actually designs markets for optimal allocation. Can be recognized by operating anti-monopoly yearly or so auctions.

When people complain about today's capitalism, they actually complain about feudalism. Yet the aristocratic rentiers they actually hate hide behind the productive capitalists, which leaves people confused. The real parasite successfully conceals its presence.