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Author lowest bid wins?
Fonz
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Registered: 12th May 06
Location: Newbury, Berks
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10th Apr 08 at 12:09   View Garage View User's Profile U2U Member Reply With Quote
http://www.evo.co.uk/interact/evocompetitions/219444/nissan_200sx_lowest_unique_bid_auction.html


seems a bit dogy to me......someone going to bid a random £1.74 in the hope its the lowest and unique bid...hmmm
tom_simes
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Organiser: South Wales
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Registered: 12th Jan 05
Location: Undy, Newport Drives: Skoda Octavia vRS estate
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10th Apr 08 at 12:12   View Garage View User's Profile U2U Member Reply With Quote
Not dodgy at all, have you never seen this done before Pete?

The point is it costs you evrytime you place a bet, and (obviously it depends on whats for sale) but the lowest unique bid is around the £6-7 mark, with everything below that having at least 2 bids on it.

say lowest is £6, that makes 599 amounts below that - 2 bids on each, makes £1198 just in that range, forgetting anything above £6, and there will also be some below that are tripled or quadrupled.

Quite clever really, but very hard to win.

Edit - just read it all, and its £1.50 per bid, and the car only cost them £1000. They are on to a big winner!

[Edited on 10-04-2008 by tom_simes]
Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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10th Apr 08 at 12:13   View User's Profile U2U Member Reply With Quote
They will make the cost of that car back in a few hundred entries
tom_simes
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Registered: 12th Jan 05
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10th Apr 08 at 12:13   View Garage View User's Profile U2U Member Reply With Quote
Exactly Tom, they only need 667 bids to be placed in total and the car is paid for, anything else is a bonus!
Fonz
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Registered: 12th May 06
Location: Newbury, Berks
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10th Apr 08 at 12:18   View Garage View User's Profile U2U Member Reply With Quote
i guess when put that way makes sense....but as you say very hard to win!
andy1868
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Registered: 22nd Jun 06
Location: Burscough, Lancashire
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10th Apr 08 at 12:31   View User's Profile U2U Member Reply With Quote
a mates dad won a new focus on one of these he saw in a magazine, think he ended up paying about a tenner
Jay
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Registered: 26th Sep 04
Location: Liverpool
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10th Apr 08 at 14:29   View User's Profile U2U Member Reply With Quote
Juice FM do it with TVs, PS3s, Laptops etc, tried a few times never won though
Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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10th Apr 08 at 14:49   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by JayM
Juice FM do it with TVs, PS3s, Laptops etc, tried a few times never won though


Think it was juice about a year back who did it with an aston vantage or 80k cash

That would have been nice

 
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