New Penny Auction Snaglo

snaglo penny auction

A bit over a month in operation and penny auction Snaglo plans to soon auction a 2009 Jeep Wrangler.

Snaglo says they have been featured on major media outlets including Forbes, CNBC, Reuters, and The Miami Herald. It seems like Snaglo can be found on these sites, but in the form of paid press releases.

Discuss Snaglo in the forum.

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30 comments… add one

  1. Crystal Rodriguez

    Apple MacBook Pro just sold for $2.42 on snaglo.com. My experience is to get in on auctions while they are still dirt cheap. I only won a xbox game – wish i tried for the laptop last night but I was out with friends for my birthday.

  2. Rob

    I have won several things on snaglo…Pretty cool site

  3. dreese

    i didnt win a thing…this is a scam

  4. John

    Snago is a scam…. Spent 37.00 for Bidd points and paid with Pay-Pal… Keep on Bidding on a item which was a 100 point snago card… Keep on bidding till my 55 points where gone that I spent $37.00 for paid for 55 points to bidd with… The card so for 23.00 for that auction.. If you looked what these card went for the most was $10.00 tops….

    and you lose your money and don't get credited you points back…Its a scam …

    Does not tell you this when you sign up…..

    So anther words you can bidd you But off as long as you spent enough cash for points to Bidd with… You will never win a thing…The same people seem to win if you look…

    $37.00 is a lession learned…. Boy this site came out at the right time to rip people off..The Holidays….

  5. Buddy

    not a scam. it is actually a really cool website. i have won multiple items and have not had any problems with it at all.

  6. al

    snaglo is 100 percent a scam…wasted $37.5 buying 50bids to discover just that..my guess is that the site is set to drag the auction to a certain point and then snag it in favour of a certain( bidder)..watch the last 10 seconds before the auction is closed and you can see you can not even bid once you reach that stage..dont waste your money..100 percent scam .

  7. I also agree, it is 100 precent a scam, there was no way to become the highest bidder, seems like the highest bidder is always the same person who wins. A good way to loose your money, you are better off not attempting to try. Asked for support with site with no response, biggest rippoff.

  8. Lisa

    It can't be a scam if I've won things and received them in the mail already. I just got my iPod Touch delivered yesterday actually. It's a good site. You just have to know what you're doing.

  9. Alan

    Haha these positive comments about the site sound suss to me :D

  10. Rick

    My friends and I joined this site a few months ago and we have all won a few things. And it really didn't matter about how many bids we used to win the auctions because they have a special going on now that gives you your bids back when you win. And we just found out today that they're doing free shipping from now on. So you get your bids back, and free shipping…who else has that? We all love it. I think the rest of you have no idea what you are talking about.

  11. gabble

    here's one sure way. post your username's and what you've won and the date that's easy enough to verify. Also, is there a law or something that someone might know to have the company investigated for hiring inside or outside "help" to drive bids up? I know eBay was questioned a number of years ago about the same thing and could have been suspended or paid a HEFTY fine. I think they settled out of court was the final judgement.

  12. Brandon Wortz

    I will be more than happy to verify, my username on snaglo.com is buddy22. Last night I won the new Mario game for the Wii, and a bluetooth speakerphone deal. I can't get the exact dates on the other items at the moment, as I am at work. But if you look, in the last couple weeks I have won, both a $50 and $100 dollar Apple gift card, PS3 controller, another Wii game, and an Ipod Nano. I have never had any problems with this website, feel free to email me if you have questions.

  13. NicolasKL

    Scam might be too strong a word, but it’s definitely usually a ripoff. Check the “won” auctions and look at how many items say they were sold for 0% off, because people spent more in bids than the item was worth. Last night an iPod touch sold for about 70 bucks but the winner used 215 bids to win it, so depending on what bid package he bought he may have spent 220 dollars to win a 199 dollar item. And everyone else that bid on the item threw their money right down the toilet. Snaglo ended up “selling” that ipod for over 700 dollars, when you figure in all the bids that were placed on it.

    It’s like a game at a carnival. A few lucky people will win something for cheap, most people will spend 5 or 10 or 20 bucks (or in some cases, a couple hundred), and get nothing. And if you keep playing (ie, bidding), you can usually win but you’ll usually end up spending more than the prize as worth.

    There’s a wii right at the top of their “winner” page right now that sold for 41.56, so there were over 2000 bids placed on it. Even if you figure a bid is only worth 60 cents that means they made almost 1300 dollars off that Wii. I watched two guys bidding on it last night before I went to bed, one of them ended up winning it, the other must have spent at least 500 bids on it ($300) and ended up getting nothing.

    There’s a macbook air for auction right now, I watched people bidding on that last night too, two or three people were bidding back and forth for hours. Right now it has 3,000 dollars worth of bids on it and only one of the people that were bidding on it last night are still bidding on it. The others probably each spent 500 bucks on bids and ended up with zilch. The guy that’s still bidding on it may already have 1500 bucks worth of bids on it, which means he’s going to get ripped off, but once you have so many bids in on something the temptation is to keep bidding more, because even if you spend 2,000 dollars to get a 1,500 dollar item, that’s a better deal than spending 1,200 dollars and getting nothing at all.

    It’s a genius idea, because it exploits the stupidity, greed, compulsiveness, and competitiveness of people, but there’s no doubt that on average the buyers are getting totally screwed.

    It also could be a complete scam, because they owners could have fake bidders bidding on items to drive the prices up and screw people, but I doubt it is, it doesn’t seem like they need to do that to make crazy profits (800 dollars for a Wii!).

  14. smitty

    yes u can report them to consumer report . better business bureau just call one of these and they will point u in the right way

  15. Lenny

    Nicolas, thanks for the breakdown, you summed it up very well and truthfully.

    It took me all of 30 seconds to figure it out. I had to call my friend, who I told about it, to let them know to STAY CLEAR OF SNAGLO period!!

    It's just gambling…and we'd be better off going to the casino (the casino is more fun anyway) Better then sitting at a computer for hours on end, and your odds are about the same.

  16. This is absolutely a rip off. Do not waste your money. Lesson learned. A waste of $37.50.

    Should have a cutoff time for bidding after the official time ends. Maybe 2 hours additional and up the amount required for bidding. DO NOT BE LURED INTO THIS SITE.

  17. B

    I wish I would have thought of this site, Snaglo is making the $$$$$$. I watched the never ending bidding war on 500 bids , a ball park on the amount of bids was apx 10000 , so 10000 x .75 thats $7500.00 profit on an item that cost snaglo $ o.o. This site reminds me of the movie the Jerk with steve martin , the part when the carnivlle owner is telling Nathen Johnson how the guess your weight booth works,,,,,,,,,,,,,,,,,

  18. Troy

    Snaglo is definitely using deceptive business practices. I believe that many of the auctions are "fixed" and that they uses "bots" to bid up the price of the auction. However, I don't think they do this with every auction because they do need real people to win some so they can advertise the website by word of mouth and testimonials by telling people what a great deal they got. So for those that posted on here that they got a great deal on an item and that Snaglo is legit, to them it probably does seem that way.

    After what I saw last night in one aucion last night, I can only conclude that Snaglo is definitely not legit. In one auction last night, a winning bidder used 631 bids to win a 500 bid voucher with a final auction price of $41.32. The final auction price seems like a good deal, but I can't imagine that any real person would use 631 bids to win a voucher for 500 bids. It would only make sense if this was the first auction that this bidder won because Snaglo does advertise that they will give back the bids you use to win your first auction. However, the "person" that won this auction had already won other auctions including one earlier that night so he couldn't get those 631 bids back. No real person would use 631 bids to get a voucher for 500 bids and pay $41.32 on top of that.

    No way is Snaglo 100% legit.

  19. B

    I would say that it was a real person who droped 631 bids to get 500 why I say that,, some people are just plain stupid , why would the site promote a shitty deal like that, I have seen several deals 1000+ bids plus 150.00 on a list price item for 700.00 somthing you can buy at costco or sams for 500.00 people are just stupid and this site is cashing in on it, I wish I would have thought of it.

  20. Andy

    I think it is bull sh** how they have the Auto-snag, I'm starting to think this is a scam. D**n website.

  21. B

    They should call it auto- drain your wallet, Cant wait to see the amount of bids the jeep wrangler gets and how long it will go before the autorites start looking into this site.

  22. Mike

    I just found it, and man are they brilliant… they are getting hundreds of dollars from these people buying bids, so thats why the items can sell for so low… i haven't bought any bids or won anything but im monitoring how the site works… i wouldn't call it a scam… its just you have hundreds of people each putting in .75 cents at a time to basically pay for the item by bidding on it… just dont be an idiot and use a million bids for one item and you'll be fine

  23. HMGK

    … has anyone noticed the countdown time??? looks like there is some funny business going on there as well? the site is a scam and I do plan to report them to the BBB and tell anyone i come in contact with.

  24. McSpode

    Goise. The time adds another :15 for each bid placed. It's not "funny business" if you read how it works instead of jumping to conclusions. Do research first, then b**ch later. And it is a genius idea of playing on people's natural tendency to be greedy, impulsive and competitive. They keep bidding because they're invested already, and risk losing it all. It is gambling; purely genius on the behalf of the developers. It's like paying to use ebay each time you bid…yet people think it's "fun" and that they'll "win", so they keep at it while Snaglo becomes a multi-billion dollar industry in the years to come.

    I'll just go to Walmart, thank you.

  25. OOOOH my God are you people STUPID WTF that site is for Dumb Asses… Do the math figure out how much they are making. Only a Dumb Ass would pay to bid!!! And they add time when you get close to winning. WTF That site is for BOOBS. If I had come up with that Idea I would be in prison now.

  26. jo dog

    its fucken genius, get rich quick scheme prevails

    i do think they have bots but like most said, its not needed

    im not going to do it but i am truly intrested in each and every product they have to offer, i give them props

  27. Tim

    Yeah most people have the right opinion here. This site is ONLY PROFITABLE for:

    A: Snaglo.com

    B: People who are amazing at catching bids at just the right time

    Seriously, if you want to get great items for super cheap just to resell them on eBay (like I imagine is the intent for most of these idiots on snaglo) just buy cheap shit on craig's list from poor hipsters who can't pay rent and are forced to sell their christmas gifts…like me :(

    -timmy

  28. Soo

    NicolasKL explains it best. They really are taking advantage of people, though the way they do it doesn't make it so obvious. If you took a survey of all the people that tried and lost on snaglo, you'd be above 90% easily. I'm an ebay guy that took a chance with snaglo after watching a commercial of it on spike. So I tried it and am happy that I only spent $37.50 for this lesson. Just wanted to warn some others if possible not to make the same mistake I did.

    DON'T GET CAUGHT UP IN THE HYPE! IT'S A SITE THAT FEEDS ON ADDICTS! THE SITE SHOULD BE SHUT DOWN!

  29. Alejandro Mulato

    WOW!!!!!!! well thanks for the heads up. Good lookin out peoples. P.S funny comments

  30. Jake Pittius

    Its not a scam, the only reason its a scam to you is because you were actually stupid enough to bid that many times and spend that much on bids, its supposed to almost be like a game theres different strategies but some people just bid nonstop and hope they get it. If it was fake then i guess the wine bottle opener, digital camera and dvd player i won are just figments of my imagination. Everyone else dont listen to these people, Snaglo is NOT a scam and is one of my favorite penny auction sites.

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