Expect to see a wave of new penny auctions. Developers are getting in on the trend and selling reverse auction software. On eBay, for a whole $75, you can buy your own penny auction site and for $50 more they will advertise for you to get “1000’s of users.”
The ultimate question: Will they be the [...]
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Just what is a penny auction?
A penny auction is an auction where bidders pay-per-bid for an item and the time increases with each bid. The winning bidder is the bidder whoever is the last to bid when the timer counts down to 0 seconds. Not all auction websites are the same so make sure [...]
