September 2009

Penny Auction to Offer $19,000 Vacation

by Amanda Lee on September 30, 2009

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buckbidzThe new penny auction BuckBidz.com just wrote to us today to tell us that they are hoping to soon auction a “World Tour Vacation Package” worth up to $19,000 sometime in the next month.

The vacation is said to include Europe, Asia, and South America. This adventurous auction will start at just $0.01.

According to Website Outlook, Buck Bidz currently gets 305 page views a day and has an Alexa ranking of 3,606,253. These stats seem to be pretty low, but it does look they they’ve been quite successful judging by the amount of bidders  on their auctions.

buckbidz.com Estimated Worth $671.6 USD

Title Buckbidz.com – online penny auction
Description Buckbidz.com – rated #1 penny auction. Great Prizes for Low Prices!
Daily Pageview 305
Daily Ads Revenue $0.92

It looks like Buck Bidz is using the Net4Bids style auction script, (the same penny auction software that Liberty Bids and Flying High Auctions use) and we do know that Liberty Bids had bots in the script as well as hidden reserves, but we are not sure about Buck Bidz.  There do seem to be many bidders bidding on the current auctions. buck bidz penny auction bid historyRight now (12:44 AM EST) Buck Bidz is auctioning off three items:  a Playstation 3 160GB, a Macbook Pro and the Dell Studio XPS laptop; all three items that are being auctioned have a combined retail value of $3747.

Buck Bidz also tells us that they donate 10% of profits to the Salvation Army.

Back to Net4Bids script, if you take a look at the admin panel on a similar Swoopo Clone test site you will see that autobidding bots are possible to do, but we are not saying that Buck Bidz is indeed doing this, just something to keep in mind.

Want to see how a penny auction site, Buck Bidz’s Net4Bids style to be exact, looks on the inside? (The admin console)

Test site for the Net4Bids style Penny Auction Software:

http://demo.bidscout.net/

Username: demouser

Password: password1

Once you’ve signed in click on Admin.

Now you’ve signed into the Feisty Sites CMS admin control panel. Do you see where it says  Manage Users? Click on that and a drop down will show up with the Auto Bidders feature. As you can see the autobidder/shill bidder feature is not a difficult feature for auction owners to use. Like the Victorian Mansion? (That was our idea ;) ) The Yikebike too, it sure is neat but look at the price!

What do you think of Buck Bidz?  Have you tried it? Share your experiences with us in the penny auction forum.

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Rocky Bid Is Back

September 30, 2009

Rocky Bid is now up and running after the DDoS attack. All user’s personal information was protected. Here’s the message that Rocky Bid was finally able to send to users: I regret to inform you that at this time we are currently suffering from technical difficulties in the form of a second malicious DDOS attack [...]

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Rocky Bid Down Due to DDoS Attack

September 30, 2009

Rocky Bid just called to inform us that they have been down due to a  DDoS (denial-of-service)  attack for the past 4 hours. Due to this attack they have not yet been able to notify users. Please bare with them as they are working around the clock to get back up and running.

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Stay On Top

September 30, 2009

By: Stephen R. Smith (AnCapMan) Last week I spoke about a pitfall most new penny auction users fall into, the last second bidding system. This week I will discuss the first of many methods to actually win a penny auction, Domination. As posted in another article penny auctions are part game theory and part psychology. [...]

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Celebrity Gets a Piece of Entertainment Shopping Action

September 29, 2009

Entertainment shopping sure is gaining in popularity. You may be interested in hearing that Nick Lachey, former star of boy band 98 Degrees, current MTV star of “Taking the Stage,” and ex-husband to Jessica Simpson, announced on the Rachael Ray show last week that he’s a partner and spokesman for the lowest unique bid, reverse auction [...]

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Pposh is for Sale

September 28, 2009

UPDATED: Pposh, the penny auction site specializing in travel auctions is for sale and they’re asking for $500K Yep, that’s the same Pposh that spammed this site with shill comments. A developer who worked for Pposh has told us that the owner of Pposh.com refuses to pay ex-employees and contractors for working on the site, [...]

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Zoozle to Display Going, Going, GONE!

September 28, 2009

From Zoozle: Auctions will resume today, and we will announce our planned down time for a scheduled server upgrades shortly. The software will now use a modified countdown that will display a “3..2..1..going…GOING…Ended” sequence to give ample time for your bids to be received by or server. We hope this will help fight network lag [...]

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Penny Auction Bid Blink

September 28, 2009

Penny Auction Watch: What got you interested in the entertainment shopping industry? I have been watching this industry since April 2009.  The idea intrigued me so much I couldn’t stop talking about it.  I bid on various penny auction sites for about two months.  The feeling I got when bidding was amazing.  My heart would [...]

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The Psychology of Scams

September 27, 2009

We already know that there are con artists at work utilizing the entertainment shopping phenomenon to profit. With this in mind, you may be interested in reading this fascinating study on the psychology of con games.”The psychology of scams: Provoking and committing errors of judgement” was prepared for the UK Office of Fair Trading by [...]

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Penny Auctions a Mix of Game Theory and Psychology

September 26, 2009

Winning penny auctions have a lot to do with game theory and intimidation tactics. In fact the whole concept behind bid-fee auctions comes from economist Martin Shubik and his colleagues, John Nash, Lloyd Shapley, and Melvin Hausner’s “dollar auction.” What’s a dollar auction? Read this excerpt from William Poundstone’s Prisoner’s Dilemma: “In 1950, Shubik, John [...]

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Muulu

September 25, 2009

Maybe muulu decided to name their bots so people will know they’re bidding against them? washeduprobot is a username on muulu.

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Muulu You Should Be Ashamed

September 25, 2009

Rather fail with honor than succeed by fraud.-Sophocles We’ve already warned you about the new penny auction scam Muulu.com How do we go about warning the rest of the Internet? There’s already over 359 instances of the Muulu auction thanks to press release websites. Not only is Muulu a joke, according to this post  New [...]

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Vuulu Now Muulu Warning

September 24, 2009

Vuulu.com & Bid4That.com is at it again, this time with Muulu.com. This was Vuulu: Here’s Muulu: Vuulu.com’s script was up for sale a few months ago, read the conversation from an interested buyer of the Vuulu script  and the Vuulu/Muulu owner : me:  Hi Mike mike:  hey me: You developed the script yourself then? you’re [...]

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Biddor Opened Today

September 24, 2009

Biddor officially launched today. We just asked Biddor a few questions about their new penny auction. PennyAuctionWatch: What got you interested in the penny auction business? Biddor: We actually first got involved in the Penny Auction business after someone had contacted us to do some freelance penny auction script work for them. After discussing what [...]

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Nailbiter Week & Spoof E-mail Warning from RockyBid

September 24, 2009

Just a reminder, it’s still nailbiter week on RockyBid, you won’t have to fend off bid buddies! Also a word of caution:  Fraudulent E-mails are being sent to RockyBid users from someone trying to steal account information. Read this message from RockyBid.com: “Because we are having a nail bitter week, after 1 hour of a [...]

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Don’t Play Defensively

September 24, 2009

By: Stephen R. Smith (AnCapMan) No doubt you have read manuals and other types of studies on penny auctions. I did too! I paid for all of them when I first stumbled on Swoopo, a site I no longer play on. These manuals and advice sites always say the same thing; bid at the last [...]

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Swoopo Free Bids Today Only

September 24, 2009

Swoopo just sent out a newsletter, if you win an auction from 11PM PDT September 23rd to 11PM PDT September 24th you get all of your bids back from your first winning auction. Bids are refunded in the form of free bids. It will be interesting to see how much business Swoopo does with this [...]

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Ryan Joins Bidso as Operating Officer

September 23, 2009

I just interviewed Bidso‘s Chief Operating Officer, Ryan. Ryan just so happens to be a Penny Auction Watch member. PennyAuctionWatch: You’ve been one of the most active members in this community over the last few months, when did you decide to become an auction owner? Ryan: Becoming a penny auction owner has always been on [...]

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Fun Penny Auction Item for Chocoholics

September 23, 2009

If you have a sweet tooth,  you may want to check out GoBid at noon PST for this sweet penny auction item that we haven’t seen before: “Who knew that such great things can come from such a small bean.  The cacao bean brings forth the elixer of the Mayan Gods.  The gift of chocolate [...]

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Bid66 Opens Today, 24hr Customer Support

September 23, 2009

Pittsburgh based Bid66 opens today at 4pm EST.  Check out our interview with Bid66,  you can also listen to the audio introduction of their new penny auction on their site. Penny Auction Watch: What got you interested in the entertainment shopping industry? Bid66: I was in the import/export business and was looking for an outlet [...]

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