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Video: Scenes From Greater Yellowstone {Gadling}
Apr 8th 2012 9:32AM Most people aren't aware of the almost unbelievable deals that they can get from penny auction sites. I know I found the best site, http://tinyurl.com/TopBargains and I am regularly saving hundreds of dollars on things like iPads, gift cards, and smart phones. I got a $200 Best Buy Gift card there for $33. I did all my Christmas shopping there and I spent less and get more than ever before.
Magic Bullet Review: It's Not So Magical {WalletPop}
Jan 24th 2011 9:08AM Most people aren't aware of the almost unbelievable deals that they can get from penny auction sites. I know I found the best site, ( bit.ly/TopBargainAuctions ) They auction off brand new, factory sealed, popular products such as iPads, Macbooks, HDTVs, Digital Cameras, Gaming Consoles, and more for steep discounts of 75%, 80%, or even 85% off retail price, and shipping is free. I did all my Christmas shopping there and saved big time....
The 20 Most Frugal U.S. Cities {WalletPop}
Jan 21st 2011 8:02PM A bidding fee auction, also called a penny auction, is a type of auction in which participants must pay a non-refundable fee to place a small incremental bid. When time expires, the last participant to have placed a bid wins the item and also pays the final bid price, which is usually significantly lower than the retail price of the item. Discounts of 50% to 95% are not uncommon.
The auctioneer receives income both in the form of the fees collected for each bid and in the form of payment for the winning bid.
In the typical case, players are asked to pay a non-refundable fee each time to purchase bids. These bids can then be spent on auctions. Bidding on an auction raises the cost of the item by a fixed amount and typically also extends the deadline of the auction. The game is a brinksmanship game: each successive bid lowers the value of the reward, and the last player to decide to place a bid and lower the value of the reward wins that reward.
Once the auction is over, the auctioneer collects the final cost of the item in addition to the monies already collected by selling bids.
Several web sites operate on this model, which they usually call "penny auctions." The best one by far is at ( bit.ly/TopBargainAuctions ) Typically, consumer electronics such as cameras, laptops and MP3 players are sold. Bids typically cost between 0.10 USD and 1.50 GBP depending on the web site and the number of bids one purchases at a time. Each bid increases the price of the item by 0.01 USD (1A?) or 0.01 GBP (1p), and extends the time of the auction by a few seconds
Friday Freebies: Makeup, Lightbulbs, Waffles and More! {WalletPop}
Jan 21st 2011 3:58PM A bidding fee auction, also called a penny auction, is a type of auction in which participants must pay a non-refundable fee to place a small incremental bid. When time expires, the last participant to have placed a bid wins the item and also pays the final bid price, which is usually significantly lower than the retail price of the item. Discounts of 50% to 95% are not uncommon.
The auctioneer receives income both in the form of the fees collected for each bid and in the form of payment for the winning bid.
In the typical case, players are asked to pay a non-refundable fee each time to purchase bids. These bids can then be spent on auctions. Bidding on an auction raises the cost of the item by a fixed amount and typically also extends the deadline of the auction. The game is a brinksmanship game: each successive bid lowers the value of the reward, and the last player to decide to place a bid and lower the value of the reward wins that reward.
Once the auction is over, the auctioneer collects the final cost of the item in addition to the monies already collected by selling bids.
Several web sites operate on this model, which they usually call "penny auctions." The best one by far is at ( bit.ly/TopBargainAuctions ) Typically, consumer electronics such as cameras, laptops and MP3 players are sold. Bids typically cost between 0.10 USD and 1.50 GBP depending on the web site and the number of bids one purchases at a time. Each bid increases the price of the item by 0.01 USD (1A?) or 0.01 GBP (1p), and extends the time of the auction by a few seconds
