Has anyone tried penny Auctions

by freemen14

Posted: 15 years ago 13 replies

OFF TOPIC

Just for some fun I'm considering trying to land a tv on a penny auction. I've done some reading on them and looked at a free report on how to win but I'm still skeptical. Any advice?

freemen14 15 years ago

Just landed a 32 " HDTV but not worth it. cost per time. go to your nearest superstore.
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Steven Carl Kelly 15 years ago

What was the final price and how much did it cost you in bids?
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- Alan Petersen 15 years ago
  
  The local new channel here in town just did a report on that:
  
  Items Go Cheap, Sites Make Money In Penny Auctions - wcco.com
  
  It's like gambling for the fancy car in Vegas by pumping nickles into the slot machine. You might win it but you'll probably be out of few bucks and leave empty-handed.
  
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Harmon 13 years ago

I belong to a penny auction and I won a 32in tv for .14 cents. I still have it sitting in my living room in the box. I have won over 1,700.00 worth of stuff. Like gift cards ect..
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sylver 12 years ago

I have won several penny auctions too, its actually interesting if you get a very good penny auction site.

Cheers!
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hardraysnight 12 years ago

bought a few cds from time to time, but, in my case, postage negates any real saving
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garyv 12 years ago

I see a spam post coming - a 3 year old thread bump by 2 accounts with 0 posts? Get ready for the penny auction deal of a lifetime
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- Newbieee 12 years ago
  
  Originally Posted by garyv
  
  I see a spam post coming - a 3 year old thread bump by 2 accounts with 0 posts? Get ready for the penny auction deal of a lifetime
  
  Exactly.
  
  It doesnt take a genius to know that this are not regulated.
  
  They have bots that pump up the price.
  
  If you bid $10, the next bid comes in a few seconds later at $10.50.
  After you place $10.60 another bid comes in at $11.
  
  Its just a roller coaster ride but you end up spending more time and you may not get it at the price you want.
  
  Not to mention all the other extra stuff like warranty?? Extra services?? Like if it requires installation etc etc..
  
  You just cant trust this start up sites.
  
  I rather go to my local store.
  At least if there is anything wrong, i just make a trip back to them.
  
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ibesmanicanbe 12 years ago

My friend used to them, he got a lot of good deals, but it couldn't have been that great, because he lost interest in doing them.
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patadeperro 12 years ago

Just like the tshirts says:

"I went to a penny auction site and all I got was this F******* site" jk
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Lelando 12 years ago

never managed to get anything on there. I wasted 30$
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- Newbieee 12 years ago
  
  Originally Posted by Lelando
  
  never managed to get anything on there. I wasted 30$
  
  How did you lose $30?
  
  If your bid is not the winner you dont pay anything..
  
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yukon Banned 12 years ago

I'll give you a penny If you go away.
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