After going through it for a while, I must say it is quite a brilliant idea. I have not registered and bought anything there as yet. But I do see myself going for it one of these days.
The concept is brilliant: The auction starts off at $0.00. I have seen 50" plasma tvs go for something like $150! Bids increment at 6c or 12c or 24c! And if you put in your bid in the last 20 secs, the timer jumps up another 20secs. So technically, there is no set end time for the auction. Now here is the catch. Every bid you make, costs you 60c! Aha! So in actuality, if the winning bid was say $120 with a 12c increment, there have been 1200/12=1000 bids made. So, the site actually roped in (1000 x 0.60 = $600). S&H separate. So you see! What a terrific concept! Would I try it? Yes! Sure...for checking it out.
More updates when I try it out.
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