Wednesday, March 14, 2012

What is Shill Bidding?

Shill Bidding is a fraudulent bidding tactic that has its roots on traditional auction, it is intended to drive up the prices of an item in an auction. Shilling is a known technique used by scrupulous auctioneers.

Auction hucksters usually plant one of their own in the crowd of bidders to rev up interest in an otherwise dull item, the fake bidder will then raise the stakes and seeming importance of an otherwise cheap or ordinary item. The same thing happens online, but besides having fake accounts bidding on an item, some eauction sites have automated bot bidders to raise the going price at the last second of the auction. Though generally the Terms of Agreement of any auction sites disavows using bots or any form of shilling, it remains difficult to prove and it does happen. If you suspect shill bidding is occurring on a penny bidding auction site, then better cancel your subscription with them or let other users know of your auction experience. You may also check Penny watchdog forums and penny site reviews regarding the experiences of fellow penny bidders.

MusiBids.com: This Bid Site Rocks!

MusiBids Another unique penny auction site features musical instruments, perfect for musicians and enthusiasts everywhere! The site offers affordable and quality, top brand musical instruments and solutions for all musicians of different levels – from beginners to professionals. The site mentions having been created to help parents nurture their children’s love for music, but without having to cut costs.

Tuesday, March 13, 2012

BidRodeo.com: The Wild West of Bidding

BidRodeo.com
PROs:

  • Offers an excellent referral program that gives you 5 free bids for every friend that you tell about them.
  • Auctions start at $0.10.
  • All products are new and factory-sealed.
  • Their automated BidBuddy will automatically place bids for you in the price range that you have earlier specified.
  • Bid Packs are available in quantities of 20, 50, 100, 200, and 500; prices range from $16 to $340.

CONs:
  • It could take up to 3 weeks to receive deliveries outside the USA.
  • Bidders are only allowed to win 2 auctions per week.