New Auction Site - Awesome - Drive you crazy!

[namenut]

OK,

I found this new auctions site. I've never seen one like it.
It will drive you nuts! But you can get the most rediculous
deals. I am in no way affiliated with them.

Swoopo . com

Please don't hate me. You will pull your hair out, bite your nails,
cuss the wind ....


Oh yea ..... have fun

NN

 

[gchick]

damn... wii at $49 that is cheap!

 

[-REECE-]

Fun to place a few bids but be careful -- Swoopo is enormously profitable due to the way bids affect the current price.

 

[GILSAN]

Are these new or used items?

 

[namenut]

They are new items. So stated in the detailed desriptions.

When you do the math you will understnad what -REECE- is talking about. They are making a killing.

ie

Your bid, costsa you .60$ but only increases the high bid by .02$, .o4$, or .06$ so just to move the price up $1 they are realizing .60$ x 50 = $30 multiply that time say 40 if the item sells at $40 then "they" realize ....$1,200.00 on what looks like a $40 sale. This is freekin brilliant and I wish I had thought of it.

damn... wii at $49 that is cheap!

"G", That's nothing .... I watched a 50" plasma sell for $13. Go to a product page then scroll down. They list "sold" items and you will freak when you see the prices on some of these things. But trust me.... this is frustrating as hell.


NN




NN

 

[deleted984054565403]

This is like a tax on stupid people. No offense, but Swoopo is the only winner here.

http://en.wikipedia.org/wiki/Dollar_auction

 

[JayMay]

Ha, I hate those things. No one ever gets what they want. It always just has you yelling whenever someone out bids you last minute.

 

[peaches017]

I think some domainer here at NP tried this a while back but stopped due to some legal concerns.