Thursday, March 19, 2009

Cheap Auction Website Makes ‘Cents’

LONDON (Wireless Flash - FlashNews) – Paying 25 cents for a new digital camera may seem to good to be true, but it’s not.

Online auction site allows users to buy high-end items like Apple laptops and Nintendo DS players for literally pennies, and even a trip into space for a measly $250.

For every bid that’s placed on an item, the price only goes up by one cent, and founder William Wolfram assures it’s no scam.

He says, “It does seem too good to be true because it’s an exciting auction concept that blows people’s minds. But it’s very true.”

The site manages to list items at a low rate by charging users a small service fee for each bid they place and not, as some may think, because the goods are hot.

Wolfram laughs, “They’re not stolen or anything like that. All our stuff comes from Amazon or Best Buy. It’s totally legitimate.”

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