Monday, February 15, 2010

Think Home Shopping Network meets penny auctions, that’s what came to our mind when we saw the new entertainment shopping auction CrazyBidNow.com today.

Nevada based CrazyBidNow.com, on their about us page, tells us that their combined auction format, along with live streaming video, is a fresh approach to “Live Auction Entertainment and Live Shopping Online.” CrazyBidNow.com will feature 15 minute highlights interviews with manufacturers on their latest products up to five times a day in their state-of-the-art 5,000 sqft, production studio while their 7 hosting personalities describe the newest products streaming live on Internet video for customers to either bid on the auction site or go to their buy now site.

Bids on CrazyBidNow cost $0.60 each, with 3 free bids on registration.

They also have a Bid-to-Buy Option:

One of CrazyBidNow.com’s 7 hosts, Michael Bidwell tells us about their bid-to-buy option, users that don’t win an auction item can purchase the item for retail price minus bids spent within 24 hours of an auction’s end time.

They had a live broadcast earlier today for their grand opening, unfortunately we missed it, but they do have a recorded video right on top of their auctions.

Complete with a toll-free number, (1-888-The video starts out with the CBN Network’s Pure Elegance hour (jewelry and women’s accessories) host, Myree Kennedy, with enthusiasm the former image consultant sells a Black Tahitian Pearl Necklace retailing at $478.95, Myree first tells us that the necklace (1 of 5) is for sale at a discounted $65 then seconds later goes “crazy” and offers the pearl necklace for $27.00. She also offers a pair of $12,000(?) diamond earrings for $43.90 and a diamond bracelet for $17.

They do show 4,000+ ended auctions, but maybe those were for testing purposes?

Also of note:

Certain auctions have a reserve price. A reserve price is the lowest price at which an item can be won. If at the end of an auction the reserve price has not been met, no bidder wins the item and all bids are refunded in their entirety. Provider reserves the right to lower the reserve price at Provider’s sole discretion.

Have you tried CrazyBidNow.com? Tell us about your experience in our penny auction forum!

Don’t forget to enter our We Love Our Members Giveaway!

{ 4 comments }