It’s a sad day when we find out that another legit penny auction has closed.
“The Auction Squirrel is gone. We’re sorry. We will be sending out all of our items that have sold. We will be reassessing our financial situation and will refund all bids that have been purchased. The website will remain up for some time, as will the emails. You can reach us at [email protected] with any questions. It was a fun run. Thank you for your time. – The Auction Squirrel Team”
One of the problems was that they put up higher priced items and no one would go against certain bidders that won them because they knew that they would lose a lot. Also, they were putting up way too many items per night up. We think that if they would have stuck to just gift cards and had half of the items they would have done a lot better.
A big thank you to The Auction Squirrel for running a great, legit penny auction business and giving out a lot of great deals to people.
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