So, curiosity got the better of me and I signed-up on Quibids.com
I bought the requisite minimum Bid Pack for $60, which give me the opportunity to bid 100 times. They also throw a few “bonus” bids to you for signing up.
Right away, I noticed that the Canadian site does not have golf clubs… at least not yet. The big ticket items are ipads, digital cameras, $200 store gift cards, and Kuerig coffee machines. Otherwise, you’re looking at a smattering of small-ticket items like memory cards, gift cards, electric shavers, and a few other things not worth mentioning. You can also bid on “Bid Cards”… I saw, for example, a 100-bid card sell for $1.28. If you win, it becomes a cheap way to buy more bids.
Anyways, as predicted, it didn’t take me long to burn through my 100 bids – I was after a digital camera, and got into a vicious bidding war during the last 10 seconds (as I mentioned in a previous post, if someone bids withing the last 10 seconds, they add 10 seconds again to the clock).
I don’t believe Quibids – or any “penny auction” site, there’s a few of them – should be allowed to call themselves an “Auction Site”, because it’s really a form of gambling. Think of it like this: you’re buying casino credits to spend on a game of chance, in the hope of winning something.