Who wants a new Nissan 350z for $720? Move over ebay...
 

http://www.uniqueauction.com/

Check this site out... thats some cool fucking shit thats gunna push ebay over to the side if you ask me...

Winners dont have to bid the highest...

halo2?
_____

whats the deal? just not many bidders so prices dont get so high or what?

what's the topic of todays show homo?

Nope... the auctions are won by whoever has the most unique bid.

Read the faq on the site... a good idea for once....

maybe in a couple....

... what do sellers get out of it?

push ebay to the side...lol

Just read the faq, a very cool concept. Interesting.

Its basically a lottery. From how I understand it, unlike a regular auction, if you bid $10.05 for something - you are committed to paying $10.05 whether you 'win' or not. That's why their reserve auction is based on a minimum number of bids.

For the 350Z for example, the max bid is $720. Let's say that the winning big is $585.20 - there are a ton of bids for less than that amount, and the aggregate of those bids makes up for the selling price of the item. If you bid $520.82 you basically bought a $520.82 'ticket' for a chance to win the 350Z.

thats retarded if you lose on high dollar items tho..

I don't think it works that way.. the way I understood it is: you can get any number of bids in, but each bid costs you $$$. For example, to get 1 ticket for 350z will cost you $10, and you can strategically pick tickets. You will pay the winning price at the end, but they make money on people buying those $10 tickets.

wtffff i dont get it

that is the stupidest idea I have ever heard of. seriously.

would you want to sell something on this site? it's definitely a buyer's market.

This would make sense too.. It was hard to tell from the site exactly how much it cost to place a bid.

who the hell wants to work that hard? I'd rather just have a firm price and pay it.

Doesn't matter how it works, its most definately a scam.

nice one !

Looks like a scam to me.

fucking confusing

Basicly that's just a stupid fucking lotto...

Hmmm... innovative

I'd never place a bid on that site.

very weird concept

Its an online Raffle ticket ?

:1orglaugh :1orglaugh :1orglaugh

no, really...

:1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh

This was tried before in a true lottery fashion. People paid $1 per ticket and could do it on cars etc. You need some huge volume to get it off the ground.