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107 Prizes to be Won! Enter our Giveaway Now!

by Amanda Lee on February 14, 2010

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March 8, 2010: Winners Announced Congratulations! If you have not yet e-mailed back to claim your prize, please do so now! :)

We’re excited to announce the Penny Auction Watch We Love Our Members Giveaway! *02/17/10-More prizes added!*

To be eligible to win, join our forum and share your penny auction story with us; tell us your reasons for playing penny auctions, and how you got started. If you’re new to penny auctions just tell us why you would like to win! Click here for the official giveaway entry thread.

*Please note this post will be featured ontop for the duration of the giveaway, scroll down to see the latest in penny auction information!* Thanks,

Prize List & More Details…

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3 Free Bids on GoBid

February 2, 2010

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 [...]

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Bidding Strategies from GoBid

January 13, 2010

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 [...]

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Penny Auction Holiday Promos This Week

December 14, 2009

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 [...]

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Fantastic Penny Auction Watch Giveaway Contest

December 6, 2009

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 Contest! [...]

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Trade Items for Bids on GoBid

December 2, 2009

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 [...]

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The New York Times on Losing Auctions

October 24, 2009

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 [...]

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GoBid’s Pick a Winner Promotion

September 1, 2009

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] [...]

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Vroom It On VroomLive

August 28, 2009

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 [...]

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What did we tell you…

August 13, 2009

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 [...]

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ABC News on Penny Auction Bargains

August 10, 2009

Reporter Amy Buckman of Action News: Saving with 6ABC out of Philadelphia,  interviewed GoBid (high five to a legit penny auction site) and wrote a really good piece on penny auctions. Oh yeah,  they even mentioned us! Cautious use of penny auction sites can yield bargains “If you have good self-control , can set limits, and [...]

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Great Items of the Week

July 6, 2009

Here are some of the best items we found up for auction this week on various penny auction sites. You can watch crystal clear video with a Sony BluRay player over at BidCactus ending right now! A Canon EOS Rebel T1i DSLR Camera ends tonight at 9:05 EST over at Zoozle. Also on Zoozle is [...]

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Know when to quit

June 23, 2009

Once you get bidding on a penny auction you don’t know for certain when you will win the item, or if you will even get it for a low price.  Over on GoBid there’s a Samsung Pink Netbook auction going  on since last night. It’s $399.98 right now on Amazon, one particular bidder has been [...]

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