Charlotte, NC ( FreePressRelease.eu ) February 02, 2010 With traditional and online auctions, the highest bidder gets the goods. Online auction websites are notorious for skyrocketing bids due to having a high volume of bidders, thus skyrocketing the final price of the auction closer and closer to the retail price.
One website that is looking to change the face of online auctions forever is AbidAway.com. ABidAway.com (http://www.abidaway.com) is a penny auction website. With this new twist to the online auction process, bidders are able to get highly desired products at a fraction of the cost!
According to Will Klein, Owner of AbidAway.com, "Gone are the days of paying full price for items such as televisions, gaming systems, vintage items, computers, DVDs, books and other items which are commonly sold for near or at market value. Also, gone are the days of standard auction formats! The problem with standard auctions is that you may place a bid on an item only to discover within minutes you have been outbid, and the price significantly increases with each bid. You can literally watch any savings on an item disappear as other bidders continue to bid up the sale. With ABidAway.com every item starts at just a penny. With the new penny auction format, the price of the auction only increases by 1 cent with each new bid. It takes 100 bids to only increase the final price of the auction by $1. The best part is that all of the items up for auction are brand new! We never auction used or refurbished items. Check out our bid packages. Right now we are giving all new members 5 free bids to get you started. Once you see how incredible our penny auction site is, check out our bid packages. We have packages available for any user, ranging from 10 bids all the way up to a package of 200. The 200 bid package currently comes with 50 free bonus bids! All items are shipped from us, so you never have to worry if your item will arrive on time and in one pieceâ€.
Like most auction sites, AbidAway.com (http://www.abidaway.com) is free to join. In order to bid, you must purchase a bid package. This penny auction site offers a wide range of bid packages ranging from a starter pack of 10 bids all the way to a 200 bid pack. As an added bonus, AbidAway.com offers free bonus bids with each package ranging from 3 free bids all the way up to 50 freebies. A bid package allows you to place bids on the items on the site which are up for auction. Now- here is the best part about penny auctions! As each bid is placed, the price is only raised by one penny! Additionally, the auction time is extended by 10-30 seconds. Because the bid package helps offset the low final price of the auction, bidders can enjoy saving 80%, 90%, even 95% of the suggested retail price you would typically see in stores. These savings are seen site-wide, on all items from mp3 players to big ticket flatscreen TV‘s.
There is no limit to the items being sold on the site. Flatscreen TVs, Blu-Ray disc players, cellular phones and more are all selling at bottom dollar prices. "The auction norm typically is for the price of the item to increase to the point where the other bidders can no longer afford the item. It is also typical in a standard auction format to see the final price near or exceed the item‘s value, making it not possible to resell for a profit and eliminating the chance of getting a good deal. This is NOT the case with ABidAway - we take away the worry.
“All of our auctions start at only 1 penny, and with each bid only increasing the price by 1 cent, it‘s easy for items to sell way below retail value. It is common to see $1500 flatscreen TVs sell for less than $100. By the way, ALL items up for auction are BRAND NEW, and come with full warranty. All items are made to be sold and distributed in the US! New, in- box digital cameras and major gaming systems sell for a fraction of the cost of a new system and even less than a pre-owned, used item," stated Will Klein.
To learn more about ABidAway and the amazing penny auctions taking place on their website please visit http://www.abidaway.com
###