Lowest unique bid auctions are in the same family as penny auctions, they’re a form of entertainment shopping. The majority of lowest unique bid sites that we’ve seen have been pay-per-guess much like the pay-per-bid of penny auctions.
How do Lowest Unique Bid Auctions Work?
Users guess a number/price or range that the winning amount is, whoever guesses the correct number wins the specified item.
Lowest unique bid auctions have been around a few years and have certainly sparked controversy. Italy even outlawed the game last year.
Loved by few, misunderstood by many, some lowest unique bid sites do actually send “signals” to bidders to let them know if they’re close to the lowest unique number. Winnit.com was one of the first LUB auctions to launch in the US and is still up and running, another is theSmartBid.com.
If you’re a fan of the lowest unique bid model, or new to it, you just may be interested in knowing that the popular Woot-like daily deal site Tanga.com offers free daily giveaways coined “Bottom Feeder Giveaways,” 24-hour giveaways where the winner has to have picked the lowest unique number.
Past Bottom Feeder items have included heated gravy [click to continue…]
{ 3 comments }
and 
Could BidNuke’s Name Be Fitting? We Found What Appears to Be Phony Video Testimonials
