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Established penny auction site GoBid.com has recently started giving 3 Free Bids to all new users. They have also changed the win limit from 5 wins in a Monday through Sunday week to 5 wins in any 7 consecutive days. Win limits help to spread the big winners around and gives new users a better [...]
It’s always fun to discuss bidding strategies, GoBid just sent an e-mail out with their bidding suggestions:
1. Be Prepared
This might seem simple enough but it should never be underestimated. If you are serious about winning you need to have enough Bids to go the distance. 9 times out of 10 the winning bidder [...]
This week GoBid is going to give every single member of the site 5 free bids as a holiday present. They tell us that they will probably deposit the bids and make the official announcement on Tuesday or Wednesday.
Due to tremendous feedback from PAW readers signing up on BidMyDreams, they have decided to extend the [...]
Contest now closed! Congratulations to the 44 winners!
It’s a giving time of year and in honor of Penny Auction Watch’s 6-month anniversary, with the help of some generous penny auction, lowest unique bid & reveal price entertainment shopping site owners, we are excited to bring you the first ever Penny Auction Watch Giveaway [...]
Continue Reading 73 comments Penny Auction Watch News, Promotions
Starting this weekend on GoBid.com, if you win something and don’t really want it you will be able to trade any item in for the full retail price of that item in bids.
For instance, let’s say you win a beautiful stainless-steel cookware set worth $250 and then discover you don’t even know how to [...]
Continue Reading 0 comments Auction News, Safe & Legit Penny Auctions
In today’s The New York Times article Losing Out After Winning an Online Auction, Alina Tugend warns readers of auction fraud and even mentions penny auctions Swoopo and GoBid:
“There’s a lot of ways to lose money with online auctions,†said Sally Greenberg, executive director of the National Consumers League, a nonprofit group. … To make [...]
GoBid is having a pick a winner contest.
Suggest an auction item and if they pick your item and your item receives the most bids out of five then you will win the same item. GoBid will also give you 25 free bids if your item gets picked. Entries must be E-mailed to’ pickawinner [at] gobid.com [...]
Vroomlive’s Vroom concept is similar to DubLi’s Xpress auctions except it looks like the only time you get the item is when you are the last person to bid aka Vroom when the amount reaches zero.
From VroomLive.com:
How It Works:
What is VroomLive?
VroomLive was started by several entrepreneurs in Dublin, OH, who grew tired of wasting money [...]
The Economist just published an article on penny auctions Mind the Pennies: The rapid spread of “entertainment shopping” spurs indignation.
Washington Post, ABC News, The Economist, we’ll soon see more media outlets expose penny auctions.
The piece Illustrates the difficulty of turning a revenue and the downfall of having too many bidders. They make mention of GoBid [...]
