Ever wish you could own a forklift? Now is your chance to bid for one on the new penny auction site specializing in heavy machinery, tools, scrap metal and more.
TX based Industrial Surplus, Inc. has just launched their penny auction, Surplus-Auctions.com to be a fun extension of their online industrial products store, IndustrialSurplusWorld.com and bring consumers a very different penny auction experience.
According to Surplus-Auctions.com all items are in stock and are offered with buy-it now, so bids spent trying to win the auction can be applied to purchasing the item.
A few of their first penny auctions include a Yale Electric Forklift, valued at $7k, a Sportsman generator, Superbowl tickets, Workman Bicycle, power drill and a scrap metal auction for copper valued at over $8k.
Take a look at their scrap copper penny auction:
Not only are they offering 2500 lbs of scrap copper, Surplus-Auctions states in the listing that they can ship the copper to the winner’s local recycling yard of choice to cash in on their copper winnings.
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MackJ December 18, 2011, 10:28 am
I checked out their site for a couple of days, looks like they have “admin” bidding and ending auctions whenever they cant get a legal bid.
The Yale Electric Forklift was listed at 5 c for 5 days and now the time is not decreasing and admin has posted the last bid.
More sites like this and Penny auctions will be outlawed.