http://www.uniqueauction.com/index.php?ref=71
just read about this in today's paper...interesting business concept. items sell at a fraction of their true value (for instance, a $1500 laptop guaranteed to sell for no more than $30), but each bid costs money ($2), and the winner of the auction is the one which has the highest unique bid. so if 100 people bid $30, the results will look for bids less than that amount, that only one person submitted a bid. so if you were the sole bidder @ $29.11, and that was the highest unique bid, you win the item.
in this respect it's more a strategy game than an auction, and you can see where automated bidding tools would come in very handy (platinum members who pay an annual $100 fee get access to features which regular members don't). might be too complicated for your average schmoe looking to buy old issues of national geographic, but it does have promise.
just read about this in today's paper...interesting business concept. items sell at a fraction of their true value (for instance, a $1500 laptop guaranteed to sell for no more than $30), but each bid costs money ($2), and the winner of the auction is the one which has the highest unique bid. so if 100 people bid $30, the results will look for bids less than that amount, that only one person submitted a bid. so if you were the sole bidder @ $29.11, and that was the highest unique bid, you win the item.
in this respect it's more a strategy game than an auction, and you can see where automated bidding tools would come in very handy (platinum members who pay an annual $100 fee get access to features which regular members don't). might be too complicated for your average schmoe looking to buy old issues of national geographic, but it does have promise.
