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Net Auctions and Auction Information |
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The 3 Minute Auction and Minute Auction Explained
Am I the only person who doesn't know what a 3 minute auction is? Looking for fresh content for my site, I discover that "minute auction," or even a 5, 10 and 30 minute auction is a popular item. Some auction sites may refer to a minute auction as a "Live Bid." The "minute auction" or "3 minute auction" actually comes the closest to duplicating the excitement (and anxiety) of a real auction. No, it is not the same as an Ebay minute auction. I will give the example of Bidz.com. Bidz.com uses Flash technology to constantly update in real-time auction bids right before your very eyes! The price goes up, up, up and the time clicks away ... down, down, down!. Add flashing green highlights for added new bids and red flashing for the ominous approaching 0 minute and to say the least, it is quite thrilling. On the Bidz home page, there is a link that says 3-minute auctions. This is a separate category all by itself. If you click that link you are taken to the 3 minute auctions, usually consisting of jewelry. (Note: See end of article for "The 3 minute auction - too good to be true?") A word of caution: It takes a little finesse to bid at these fast-paced auctions - and I mean FAST! You must be EXTREMELY CAREFUL when bidding. The highest bid I came across on my visit was for $1500. My advice would be to practice on the dollar starting bids. Bids quickly escalate to $15 and $30. In the words of BidZ: "If you are bidding on items in the 3 Minute Auctions category, you will not be notified if you are outbid. These auctions move very quickly, so you have to monitor your winning bids very carefully." Back on the 3 minute auction page of BidZ, what do you see? >From left to right: the product picture, the item number, title, price, bids, and time left. The "bids" and the "time left" are where the auction action is at. But just as its nearing 0 minutes left, it jumps up to more time left - what gives? According to Bidz.com: "If the bid is placed during the last minute of an auction, the auction will be automatically extended for an additional 1 minute from the time of the latest bid. The auction will close once all bidding has stopped for a period of 1 minute." OK - I decide I am going to get in on this action. Registering is free (username must be a combo of numbers and letters). I have to click on the picture to go to the listing to actually bid according to Bidz.com directions below: 1) Simply use the "plus" and "minus" graphic keys to select the amount you would like to bid. The amount of the next bid is automatically one dollar more than the current bid. If you only want to place a one dollar bid, you can just click the Bid button without any adjustments. 2) Click the bid graphic button to register your bid. PROBLEM: I click the Bid! button and then find out I have to register my credit card in order to bid - but they didn't tell me that when I was registering (even though I quite expected it). Another problem I encounter is a sluggish modem. By the time I reach the listing page and the picture and bid button loads, the auction can be over (sigh...). Its not hard to become giddy over the amazing deals of a 3 minute auction...too good to be true? 3 minute auctions "typically offer expensive items, such as Cartier watches, Beanie Babies, computers, and cars at prices that are low enough to dull the scam alarm in most people." This was taken from an auction fraud article. The same article reports that the Federal Trade Commission has identified a scam email that includes "Live 3 minute auctions" in the subject line. See the details of the 3 minute auction scam at www.chiff.com/a/fSCAMauc.htm For a list of minute-auction websites, refer to: The 3 minute auction list http://shmyl.com/dpzison My final words: The 3 minute auction and minute auction are the epitome of auction entertainment. So pop some popcorn, invite some friends over, and have yourself some Friday night auction fun! About The Author Renee Matt maintains AuctionTongue.com, a review site of auction tool, free auction templates, auction software, auction sniper and image hosting services. AT focuses on auction websites outside of Ebay. Sign up for their FREE Auction Freebies newsletter: http://www.auctiontongue.com/; renee@auctiontongue.com
MORE RESOURCES: Couple bid against themselves to secure ‘famous’ Wahroonga home for $2,905,000 The Sydney Morning Herald The GameStop stapler that punctured a Nintendo Switch 2 console is now on eBay for $250,000 Business Insider “You have to use a little misdirection” — Storage Wars star Brandi Passante explains how she reads her rivals to win auctions primetimer.com ULM Athletics Partners with Live Source for Online Auctions University of Louisiana Monroe Athletics PJM Capacity Auction for 2026/2027 Delivery Year Opens PJM Inside Lines Original Hermès Birkin Bag Fetches $10.1 Million at Auction Galerie Magazine Treasury Auctions In Plain English Real Investment Advice House members seek answers from grid operator as rate-setting electricity auction begins New Jersey Monitor Signed Marilyn Monroe passport photo taken for honeymoon with Joe DiMaggio sells for over $21K at auction New York Post Bend mansion heads for auction kobi5.com New Auction Tool Cuts Crane Rental Costs and Speeds Up Bidding From: MYCRANE - For Construction Pros New Auction Tool Cuts Crane Rental Costs and Speeds Up Bidding From: MYCRANE For Construction Pros BROAD ARROW ANNOUNCES INAUGURAL LAS VEGAS AUCTION IN GlobeNewswire Specialty Auction Draws Regional Interest to Harbert Antique Mall This Saturday Moody on the Market Worth its weight in mold: You won’t believe what this brick of smelly, green cheese fetched at auction New York Post eBay Tests Extended Bidding For Trading Card Auctions - Will Sniping Be A Thing Of The Past? Value Added Resource COSL announces regional tax auction for Clark, Nevada, Ouachita and Dallas counties Camdenarknews.com Photos: Montana Classic Car Auction Billings Gazette Exclusive | How do T20 league auctions work during a busy calendar? A behind-the-scenes look as ILT20 tak The Times of India Willie Mays’ most prized possessions are going up for auction in SF The San Francisco Standard Talking Couture, the Birkin Auction, and Anna Wintour with Dana Thomas Back Row | Amy Odell The biggest piece of Mars on Earth is going up for auction in New York The Lufkin Daily News The Original Birkin Bag Sells for $10.1 Million at Auction The Wall Street Journal Marine Auctions: Two Online Auctions in July Sail-World.com The Largest Martian Meteorite in the World Is Heading to Auction and Could Sell for $4 Million Smithsonian Magazine Jane Birkin’s original Hermès bag sells at auction for 7 million euros ABC News - Breaking News, Latest News and Videos Gear up: Boys & Girls Club Super Auction set for Aug 9 Citizen Tribune A private collector scored the OG Birkin for $10 million Business Insider The biggest piece of Mars on Earth is going up for auction in New York The Killeen Daily Herald French travel-themed auction gala updates Wiscasset Newspaper Annual silent auction returns to Warrick Humane Society Eyewitness News (WEHT/WTVW) Biggest piece of Mars found on Earth going up for auction in New York Business Standard U.S. Treasury auctions off $39 billion of 10 year notes at a high yield of 4.362% Forexlive | Forex News, Technical Analysis & Trading Tools Geek Week Auction WV News 2025 Logan County Junior Fair Auction Bellefontaine Examiner Harry Potter Books Set For Auction Record Arts & Collections $10M Bend estate with airplane hangar, ‘Top Gun’ sand volleyball court and underground bunker hits the auctio OregonLive.com 735+ Acres of Iowa Farmland Heading to Auction in July Successful Farming Brazil auctions off several Amazon oil sites despite environmentalists and Indigenous protests AP News The biggest piece of Mars on Earth is going up for auction in New York yourhoustonnews.com Bar None Auction Expands Sales Force cnhinews.com |
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