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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: Can You Know Princess Diana by Owning Her Things? The New York Times Princess Diana's 'caring' dress sells for over $500K at auction ABC News - Breaking News, Latest News and Videos The Largest Ever Auction of Princess Diana's Wardrobe Is Happening Today Town & Country Magazine TikTok Adds Countdown Bidding for Livestream Auctions Social Media Today David Lynch auction LAist Stoweflake Resort foreclosure auction on July 14 cancelled Vermont Business Magazine Cleveland-centric sports items up for auction Cleveland.com Princess Diana's 'caring dress' fetches over $500,000 in largest auction of late royal's fashion KETV Sheryl L. Wallick Obituary June 24, 2025 tolandherzig.com Rogers Community Auction and Flea Market celebrates 70 years morningjournalnews.com Can London’s Summer Sales Season Be Revived? Artnet News Crowe's Marine to hold boat auction to support Greene Co. Habitat Morgan County Citizen Late Princess Kawananakoa estate auction to benefit Native Hawaiian culture initiatives Hawaii News Now Inside Princess Diana's unforgettable fashion staples that just went up for auction NBC 5 Dallas-Fort Worth Brazil auctions off several Amazon oil sites despite environmentalists and Indigenous protests AP News "eBay for government" helps agencies and schools auction off property, Municibid founder says CBS News Diana’s “caring” dress makes over $500,000 at LA auction Just Collecting Wannenes auctions off more than 570 luxury items, including jewellery, iconic handbags and exquisite watches Monaco Tribune Original comic book of Spider-Man's debut draws national attention to Jacksonville auction, goes for about $12,000 Jacksonville Journal-Courier Empty Detroit hospital building heading to auction Detroit Free Press 4 rare Yemeni artifacts are up for sale at French auctions amid pro-coalition government’s silence ABNA English David Lynch’s Director’s Chair Sells for $70,000 at Los Angeles Auction The New York Times Iron Horse Hotel Faces Sheriff’s Auction Urban Milwaukee Ferris Bueller’s Iconic Sweater Vest Fetches $279,400 at Auction Galerie Magazine Idaho Department of Lands to Auction Three Payette Lake Lots Big Country News US treasury auctions often $70 billion of five-year notes at a high-yield of 3.879% Forexlive | Forex News, Technical Analysis & Trading Tools BidItUp Auctions Launches Landmark Series of Tier-One EV & Automotive Asset Sales Across the U.S. Yahoo Finance Jeff Smith's Thorn: Tales From the Lantern: Origins of Bone at Auction Bleeding Cool News Brazilian activists vow to fight Amazon oil auction in court, hail ‘partial victory’ over unsold blocks Climate Home News Ferris Bueller vest sells for $279,400 at auction Chicago Sun-Times In The CorvSport Ring: Do No-Reserve Corvette Auctions Really Matter? BaT Head To Head! CorvSport.com Michael Jordan Rookie Card Sells for Record $2.5M in Eyebrow-Raising Auction Front Office Sports Tom Green County holds animal auction soon ConchoValleyHomepage.com Former Timken Stables property in Canton headed for auction after lengthy court battle Canton Repository RUHTER AUCTION - Ad from 2025-06-28 The Grand Island Independent Just The Cover Of Action Comics #1 Sold For Over $400,000 At Auction Bleeding Cool News Artistic bra auction is an uplifting event Whidbey News-Times RUHTER AUCTION - Ad from 2025-06-28 Kearney Hub EU publishes non-price critera for renewables auctions pv magazine International Auction announced for Lion Electric’s Mirabel EV battery facility with 1.7 GWh production line Charged EVs Community gathers for junior fair livestock auction LimaOhio.com Proposed wireless spectrum auction would crush innovation, industry claims in letter to lawmakers StateScoop Miracle Mop founder Joy Mangano is auctioning her sprawling ‘Swan Manor’ estate as her life story debuts as a musical New York Post General Procurement & Auctions Iowa Department of Transportation (.gov) New York’s Spring Auctions Aimed for Trophies. They Got Troubles. The New York Times |
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