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06-28-2010, 03:41 PM
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#1 |
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Member
Join Date: Apr 2001
Location: Fargo, ND
Posts: 1,271
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Penny Auction Sites
Do any of you shop penny auction sites? If so, do you have any suggestions or a favorite? Comments in general?
For those of you that don't know about them here is an example. I am trying quibids.com and they recently sold an Apple Ipad, valued at 899.00 for 127.55. Each bid costs 60 cents and it the bid goes up 1 penny at a time. Each bid also resets the countdown clock to 10 seconds. In this auction the bids cost the bidders 7653 dollars. It looks like you can get some amazing deals if you have timing,patience, and lots of luck. A couple of days ago a 200 Walmart gift card sold for less than 3 dollars.
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I'd give my right arm to be ambidextrous.- Stan Helsing |
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06-28-2010, 03:55 PM
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#2 |
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Member
Join Date: Mar 2009
Posts: 6,419
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Re: Penny Auction Sites
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06-28-2010, 03:59 PM
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#3 |
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Member
Join Date: Oct 2008
Location: Brookneal , VA.
Posts: 530
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Re: Penny Auction Sites
ive used beezid before
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2009 Redszone MLB Mock Draft 1st Round - Steven Strasburg 1st Round - Matt Purke 2nd Round - Brett Jackson 3rd Round - Kent Matthes |
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06-29-2010, 12:27 AM
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#4 |
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Vavasor
Join Date: Apr 2000
Location: Amarillo, TX
Posts: 12,669
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Re: Penny Auction Sites
the key to quibids is to bid on bids.
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"don't end up with a grandson with a dog collar." |
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06-29-2010, 01:13 AM
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#5 | |
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Titanic Struggles
Join Date: Dec 2004
Location: The 513
Posts: 12,129
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Re: Penny Auction Sites
Quote:
I'd be eager to hear if anyone has had a positive experience with these websites, because on their face, they look like just a quick way to lose money.
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Championships Matter. 22 Years and Counting... |
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06-29-2010, 01:41 AM
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#6 |
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Member
Join Date: Mar 2009
Posts: 6,419
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Re: Penny Auction Sites
No doubt its shady. They have to make so much money that way.
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06-29-2010, 12:37 PM
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#7 |
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RZ Chamber of Commerce
Join Date: Jul 2003
Location: San Antonio
Posts: 13,220
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Re: Penny Auction Sites
That type of auction site has all of the characteristics of gambling to me. I'll be surprised if they aren't regulated like gambling within a year or two.
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/r/reds |
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06-29-2010, 12:45 PM
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#8 | |
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Member
Join Date: Mar 2009
Posts: 6,419
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Re: Penny Auction Sites
Quote:
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