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Old 07-13-2011, 07:28 AM   #22
10forty2's Avatar
Drives: 1992 Chevy K5 Blazer
Join Date: Apr 2011
Location: NC
Posts: 576
Originally Posted by jrisebo View Post
Its a penny auction site, so if 100 people around the world use 500 bids, thats 50000 bids, and $30,000 for the auction site,etc.
Didnt see how many bids were made on that auction,.

If he spent 300, then someone spent 299 to be second, 298 to be third, etc. The auction site makes money.
Exactly! Plus there was probably some incentive to the dealer that provided the car to the site and therefore the site got the car at rock bottom pricing.
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