The surge in penny auction sites over the past few years has attracted a number of followers who believe that with just a few cents and good timing they can win the jackpot of large cash prizes. Penny auction sites rely on the slimmest of financial commitments — as the name suggests, one cent — [...]
A penny auction is a sale on a given item, from a brand new Kindle, to a high end ice cream maker, or anything in between, in which bids are raised one penny at a time, resulting in low prices on the auctioned items. Much like Ebay, the final bidder before the scheduled auction ends [...]