Max Loren-Designer Penny Auctions

louis vuitton-penny-auctionmax recently contacted us to announce that they’ve just launched their penny auction site focused on selling high-end designer handbags and accessories. MaxLoren has a $1000 guarantee on the legitimacy of their products. Auctions start at $0.06 and bids cost $0.60. MaxLoren’s first item, a Louis Vuitton Speedy 30, valued at $690, received 809 bids.

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We’ve just launched, a penny auction (2c minimum) site focused on high end designer handbags and accessories. We’re running one auction every few days for now while we measure the quality of the response to the offering.I thought I’d get in touch as you seem to be the authority on who’s legit or a scam in this space and we want to make sure we start this site off on the right foot. We have a $1000 guarantee on the legitimacy of the products.

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10 comments… add one
  • PenPen October 23, 2009, 9:06 am

    Very cool, someone won the Louis Vuitton for $16.24 and it costs $0.60 to make each bid. I am going to follow these auctions closely in hopes of another great handbag deal. Thanks!

  • E-Shopper October 23, 2009, 12:21 pm

    Hmmm…anyone tried this yet? 800 bids for a startup is a LOT. I wonder what kind of advertising they do? There isn’t a thread for them in the forum, can we start one to discuss?

  • Sarah November 4, 2009, 11:44 am

    I saw the advertisement on Woot and checked it out. It seems like the auctions are far apart but it is brand new.. I've never tried one of these "pay to bid" sites but since this one is new, it might actually be worth it.

  • Chi November 12, 2009, 2:34 am

    Have anyone noticed that most of the winner are using Bid Asst. I just wonder if this is a new scam because they can set up an account and bid agaist themself.

  • chris November 18, 2009, 8:36 am

    anyone have any idea what script this site might be using? kind of looks good to me.

  • Kim December 1, 2009, 8:47 am

    You'll spend WAY too much money bidding for something you will most likely NOT get!

    I'm extremely upset with myself that I got caught in this trap. The girls running this website I'm sure are making tons!

    The BID assist option basically is a money maker! Its suppose to HELP you win the BID but really it just drains your pocket! DONT BE TEMPTED! You'd be better off SAVING your money and going out to buy the REAL THING at a department store.

  • Mark December 2, 2009, 11:18 am

    I agree with Kim. I've tried a few and see that this is essentially a wierd form of gambling. I've blown through $50 of bids and not coming close. If they sell a list price $400 bag, say they pay $250. They are getting hundreds of bids between real and bid assist (Forget the time wasted here).

    The end price is probably about $30. If they get 367 bids, they are getting list price for the product. I'm hearing they are getting 800 bids. What a great idea….For them. And I'm assuming none of the bidders are robots or employees scamming the system to keep the bids moving. Everybody has bizarre 'handle' names so I wouldn't be so sure the bids aren't being scammed up.

    In addition, between the Woot advertising and the holidays, the number of people cometing has gone way up.

  • Leslie December 11, 2009, 1:11 am

    Do not even waste your time with this site. The ladies that put it together are definitely making a profit but it is truly not worth the time and money. I feel that employees may be keeping the bids moving. If you look at the completed auctions, there are a few people that have won several times. If you watch how this site works until the auction ends, it seems like that is scientifically impossible to win more than once, much less once. The clock will jump, and it seems like it jumps to get to people that have turned on Bid Assistant(BA) and trying to bid against Safety Bid(SB) is a waste of time.

  • Richard December 15, 2009, 4:54 pm

    I agree with the poster above. I purchase equipment for my company and dozens of online auctions. The movement is strange. Any other auction company show $0.00 the auction is over, but not here. It make several people hit the bid button all at once. I have learned if something seems like a scam, it is. I am sure that they have shipped some legitmate items out to keep up appearances. I did laugh to watch an item sell for over 71.00 which is over $4300 in bids!!! If they could use a real clock and allow only real bids I doubt they could get this result for themselves.

    Play the Lotto and win some $ to buy your purse. ( At least the lotto give money to schools! )

  • JB December 18, 2009, 8:35 am

    This is a real scam. Don't fool yourself. Whoa! watch out for this website. No customer service number or physical address, which is a huge red flag. They fool you into buying bids for the opportunity to win an auction. What do you mean I have to pay to bid in? and the auction only moves in penny increments swindling hundreds of consumers out of their bids. For example, this purse I bid on cost $700, but they sold it for $63. Great right…Nope because it took 6300 bids at $.60 cents to finalize the auction netting the site $3780. Something is very wrong with this being legal, if it even is. It's like an auction for a raffle where you pay $.60 cents every time to bid in penny increments. What a shame/shell game. I'm writing the Attorney General ANDREW M. CUOMO about this one.


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