AuctionCut

Hey guys (and girls!),

Have any of you guys played on one of those reverse auction sites before? It's the ones where the lowest unique bid wins. Some of them have really high prices and look like a scam but i've seen a couple of good ones.

Just wanted to know what people thought?

Amanda

So I joined this Knockout Bids one after no replies to my thread. I'm enjoying it, something different compared to a normal auction. It's more like a game if you ask me. The lowest unique wins concept is pretty cool.

http://www.playknockout.com

Cool, that seems fun!!

yeah it's pretty fun! Something different!

Its got to be easy to win just bid .01 cent can't get any lower.

Check out my site makebidz.com

I offer reserve auctions on my site as well http://www.modlow-arvai.com and also for website owners, try our http://www.mylinkmarket.com which is a free link exchange site to help get more seo optimized plus it has it's own twitter clone called chitchat - micro blogging and it posts your posts to your twitter account as well.

Can someone explain here briefly the advantage of reverse auctions over normal auctions?

check out penny auctions at circuitpalace.com, kinda of fun when you win name brand at low price, below wholesale

Well buddy i know that penny auctions are treat to play and have many advantages over normal shopping means but my craze for knowing the advantages of reverse auctions is increasing day by day!

i do have a little knowledge about reverse auction and on the basis of that i recently joined some reverse auction sites but couldn't found enough time to work on it. surely will do in near future.

edwardvettori wrote:Well buddy i know that penny auctions are treat to play and have many advantages over normal shopping means but my craze for knowing the advantages of reverse auctions is increasing day by day!

I'm not too familiar with them either so I did a quick search. As defined in Wikipedia, a reverse auction is a type of auction in which the roles of buyers and sellers are reversed. In an ordinary auction (also known as a forward auction), buyers compete to obtain a good or service, and the price typically increases over time. In a reverse auction, sellers compete to obtain business, and prices typically decrease over time.

You might also find this helpful:

http://www.epiqtech.com/reverse_auctions.htm

Cheers!