Penny auctions are taking the Internet by storm as more and more people snap up unbelievable bargains.
In these difficult economic times, uk penny auction websites are offering consumers a chance to purchase high value goods for a tiny fraction of the high street price.
One new penny auction website is even offering free bids to new and existing bidders for even greater bargains!
Bonkers Bids is one of the best UK auctions sites as it gives away free bids on signing up and also runs a programme where bidders can earn even more free bids by referring their friends.
As it is a new auction site there are less people bidding so the chance of winning an amazing bargain is high.
Bonkers Bids can be found at www.bonkersbids.co.uk. Browse the current auctions and also find out the final bid on ended auctions to see how much you can save.
For example, a Wii Fit Plus recently sold for just 0.51p and £50 cash went for just 0.75p!
The site clearly explains how it works, has an FAQ page, and is upfront with its pricing structure – which also has free bids built in.
Penny auctions take their name from the sales of foreclosed farms in America during the Great Depression. To help stop the sales, farmers would gather on the day of the auction and bid very small amounts for the farms. Someone in the crowd would start the bidding at just a few cents so that the auction rarely got beyond a few dollars before the auctioneer closed the sale.
Bonkers Bids works on the same principle so that very high value items sell for very small amounts. By the end of the year, they hope to have auctioned a brand new car in the same way!
Make sure you don’t miss your chance to grab a real bargain and sign up today.
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