Penny Auction

Penny auction is a fee auction bidding system wherein a small non refundable fee is charged per participant in order to place the first incremental bid. Advertise this; the value as well as age keeps on increasing with each successive bid that is placed. The participant, who is the at the end to place his bid when the timer comes down to zero, is the winning bidder. The winner of the Penny auction has to pay the final bid value for an item which is much lower than its retail value. More information: read

Read more ...