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LoveLabels.com is a brand new penny auction meets flash sale site for designer handbags and accessories. LoveLabels is a little bit different from other penny auctions, it’s a penny auction site on the seat auction format. LoveLabels.com has been in development for the past 7+ months.

What’s a Seat Auction?

In case you’re unfamiliar with a seat auction, basically here’s how they work:

You purchase a specified number of credits for an item of your choice, then you wait until the minimum number of seats have been purchased, for the item to be “unlocked” and the auction time scheduled.  At LoveLabels.com the seats are called entry tickets, once enough tickets have been bought to reach the minimum to schedule the item, the auction time will be scheduled and you’ll have a chance to bid against others who have bought tickets to try to win.

Tickets cost $1 each and come in packs of 25-250:

The good thing about seat penny auctions is that, if you decide to try LoveLabels, you won’t have to pay per bid, you’ll only pay for the chance to bid for the item and then the final end price and any applicable shipping fees (shipping appears to be free for their current line-up).

Features Unique to LoveLabels: [click to continue…]

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