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viewing posts with the tag "penny auction" - (1)


What is a penny auction? Penny auctions are online auctions where each bid raises the price of an item by 1 cent. So if 100 bids are submitted the price of the item is $1. Usually in the last 10 seconds if a more...1056

What is a penny auction? Penny auctions are online auctions where each bid raises the price of an item by 1 cent. So if 100 bids are submitted the price of the item is $1. Usually in the last 10 seconds if a bid is added, the clock adds 10 seconds to give all bidders a chance to win. The person who places the final bid is the winner. Bids are pre-paid for in bid packs, Usually about 40 to 60 cents per bid. Even if you spend $25 in bid packs, + price of auction,you can still get great deals!