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Feb 16th 2012 2:19PM This year I got the best deals ever on the gifts I bought. I got everything from this amazing penny auction site, ( http://tinyurl.com/TopBargains ) I didn't have to waste any time on lines at a mall, I didn't have to pay for shipping, I didn't have to pay for gas to go shopping, and I got prices so low that you wouldn't believe them. I got my son an 16GB iPad for less than $100, my husband a $250 gift card for Home Depot for $63, and in general got better gifts for everyone than I could ordinarily afford. I'll never pay retail again when I can easily save over 50% from my penny auction site.
Feb 9th 2012 9:17AM I wasn't even aware of the existence of penny auctions until about 6 weeks ago. Now I can't imagine buying anything other than food or clothing anyplace else. My favorite is at ( http://tinyurl.com/TopBargains ) It took me a few days to figure out how to bid but now I am savings big bucks there. How they can sell iPads, Macbooks, HDTVs, Digital Cameras, Gaming Consoles, and more for steep discounts of 75%, 80%, or even 85% off retail price, I don't know. I do know that I bought my son an iPad there for less than $100 and my husband a $250 Loews gift cards for $48. Why would I shop anyplace else?
Jan 3rd 2011 3:15PM I heard about the unbelievable deals that people claimed they got from penny auctions. I was curious about how these auctions worked, so I signed up for a BBB Accredited Penny Auction site with a good reputation called BidRivals ( bit.ly/BidRivalss ). Apparently, Penny auctions work by having people purchase a€?bid packagesa€?. Usually you get anywhere from 100-500 bids in a bid package, and you use up these bids by bidding on an item you want. Everytime someone places a bid on an item, the price of the item goes up by one penny.
Taking a look through the items on BidRivals, I was surprised by how many of them were really expensive products (Sony TV's, New iPhone's, etc.) that were going for really cheap. What you do is place a Bid on the item you want and this increases the bid timer by 10 seconds. To win an item you have to be the last bidder when the timer hits 0.
So my strategy to win a penny auction for a new Apple Ipad 3G was to wait until the timer hit 20 seconds left, and then start placing my bids on it. I waited patiently while the timer counted down, and once it hit that 20 second mark, I started placing my bids. I placed about 15 bids before the timer finally hit zero and I won! I was beyond excited, because the price of the item was only $11. That means, after spending 15 bids and having to purchase the new iPhone 4, I only had to spend a total of Under $25!