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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: Guillermo del Toro almost lost his movie memorabilia in a wildfire. Now, he's letting some of it go AP News An Under-the-Radar Art Collection Could Fetch $180 Million at Auction The New York Times Light Data Calendar Leaves Focus on Treasury Auctions. Do Earning Matter? Mortgage News Daily You Could Own These Cool Dodge and Lincoln Concepts Cars, Which Are up for Auction with No Reserve Car and Driver The secrets of lost luggage auctions: I bought four bags for £100. What would I find inside? The Guardian Record Prices For Cattle At Auctions q106.com 10 Most Expensive Cars To Sell At 2025 Monterey Car Week Auctions duPont REGISTRY News Auction for Winery Fails to Net Acceptable Bid Business Journal Daily Night Of The Phoenix Silent Auction Bidding Open Elon University Athletics Boast Partners with Mecum Auctions The Boca Raton Tribune Little League bat-flipper’s bat fetches nearly $10K at auction: ‘I was shocked’ - The Athletic The New York Times BLM Auctions 13 Geothermal Parcels to Boost Domestic Energy Production SierraDailyNews.com Woodhull Community Fall Consignment Auction set for Saturday September 6th the wellsville sun TORRENCE READ & FOREHAND AUCTIONS dnronline.com Bidding Begins Next Week at G3 Auctions for Jimmy Buffett's 90-Foot World Cruising Yacht PR Newswire Enjoy free access to columbustelegram.com, courtesy of BigIron Auctions Columbus Telegram Lord’s Auction today at church www.spartaindependent.com Mobster memorabilia: Items from notorious criminals go up for auction KIRO 7 News Seattle 2002 Ford Thunderbird With 5K Miles Up For Auction Ford Authority Six Star Cars and Hundreds More Await at the Fall Carlisle Collector Car Auction October 2-3, 2025 duPont REGISTRY News Rodz and Bodz Museum Auction Fuels Plans for a New Home Antique Trader Michael Jordan-Kobe Bryant Basketball Card Auctions For Record-Breaking $13 Million USD hypebeast.com 1923 stock certificate, Tom Brown Super Bowl rings clear six figures as Packers memorabilia skyrockets Green Bay Press-Gazette Guillermo del Toro auctions rare Frankenstein art worth $300,000 after wildfire scare Washington Times You’re Invited To Bid During The Coronado Rotary’s Community Auction Coronado Eagle & Journal 2004 Mercury Marauder In Dark Toreador Red Up For Auction Ford Authority Trigon Auctions brings together elite performance genetics World of Showjumping Capital city auction volumes reach 13-week high Mortgage Professional America Scots to Host Football Auction and Caniac Supper People Newspapers Oscar-winning director Guillermo Del Toro to auction off iconic horror memorabilia he nearly lost to LA wildfires New York Post Sotheby’s UAE Sale to Feature 32-Carat Fancy Vivid Orangy Pink Diamond nationaljeweler.com Golden Sahara II, Barris-Built Futurist Icon, Heads to Auction at Mecum's 'Larry’s Legacy 2025' at No Reserve Yahoo! Autos 1989 Merkur XR4Ti Coupe With 52K Miles Heading To Auction Ford Authority Kill-Buyer on 11 Yearlings He Purchased Tuesday: "There is a need, whether you like it or not, for someone like me going to these auctions." Horseracing Wrongs Baseball legend’s son ‘saddened’ by auction of personal collection: ‘I know my father’s wishes’ AL.com Three generations of Wyeths (plus Andy Warhol) will go on sale in one auction The Portland Press Herald Le Pho painting, Tommy Mottola items headline Stamford auction Sept. 14 Stamford Advocate Gold Reserve's Strategic Move in the Citgo Auction and Its Implications for Shareholder Value AInvest A look into the Bleak House auction items Guillermo del Toro had the hardest time letting go of FOX 56 News Cox Automotive Completes Acquisition of Bel Air and Tallahassee Auto Auctions and Welcomes 450+ New Team Members Cox Automotive Inc. Decentralized Auction Platform AI-Auctions Partners with ArtGis Finance to Power Web3 Auction in DeFi BlockchainReporter Hidalgo County to hold public auction event this weekend ValleyCentral.com Nelson’s Distillery auctions assets after sale failure The Spirits Business Iconic Aroostook restaurant heads to foreclosure auction Bangor Daily News Citgo Auction Heats Up as Bidder Sweetens Offer Crude Oil Prices Today | OilPrice.com Kentucky politicians gather as championship ham auctions for millions at Farm Bureau breakfast Louisville Public Media Tiger Woods 'Type 1' photo from 2000 PGA sells for record price, crazy return on investment Golfweek |
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