Beezid Makes a Profit on Mustang

Beezid.com’s auction for a 2010 Ford Mustang GT sold early this morning with a final auction price of $719.66 to user Brian178. Brian178 placed 637 bids ($445.90) so he won a $28,395.00 Mustang for $1156.56 (then of course there will be taxes on is win) though still a great deal, congratulations Brian178! Brian178 was on Autobeezid when he won.

Let’s just say everyone paid $0.60/bid to bid on the Mustang, here’s what Beezid would’ve made:

 $43,179.60 // Total revenue at $0.60 / bid
- 28,935.00 // Retail Value (probably paid less)
 $14,244.60 // Total profit

It looks like Beezid was able to make a profit on this auction, many penny auctions for cars in the past have not been able to.

Did you bid on Beezid’s car auction? Talk about it!

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2 comments… add one
  • bidding website May 11, 2010, 4:29 am

    Wow thats great news. What would have happen if only one user did bid on this item and no one else. Isn’t it a risky business with auto bidding? bid66 offer risk free bidding…

    Reply

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