All penny auctions have similar characteristics, the main ones being: So this is what happens in a typical penny auction, the timer is set to approx. It starts counting down when someone is interested in the product and has clicked the Bid button.
Penny auction dating
Sales tax will be charged unless you have a valid sales tax number on file with us. Unit counts will be updated closer to auction day, all units subject to cancellation. Airport Freeway Irving, TX 75062 972-986-4429 Auction will begin promptly at pm on Tuesday March 28th, 2016 at location listed.
Sales tax will be charged unless you have a valid sales tax number on file with us. Unit counts will be updated closer to auction day, all units subject to cancellation.
Auctions always running online at Notice: If you are the winning absentee bidder, you will be notified by email or phone on Monday after the Live Auction.
You can make arrangments to pay for and pick up your items at that time.
So once the first Bid is placed the timer counts down 59,58, 57, 56……You get it.
If a second person is also interested in that product and places a Bid, the timer re-sets and counts down again 59, 58, 57,56…When the auctioneers says "sold", the item belongs to you.Auction company will not be responsible for it in any way.Mad Bid is both of those things mixed with a whole lot more of fun. Mad initially launched as a penny auction website, the idea that you can capture the last 30 seconds of an auction and repeat it so the fun doesn’t stop, is well, exciting.Penny auctions themselves date back to the 16 century when merchants gathered in markets in Germany and would all throw coins in a bucket until the last man standing.In order to understand the type of online auctions website Mad is, we need to look at what makes Mad Bid different to regular auctions and the growing market of penny auctions.