bidders

Savvy bidders have recently been able to buy a brand new Apple Macbook Pro for $23.90, a Nikon D90 Camera for $45.84, and Sony Playstation 3 for $12.32. On average, buyers pay just 25% of retail for items they win in auction on QuiBids.

The auctions are also insanely fun. Each bid costs just 60 cents, and each auction has a strict time limit. When you place your bid, the system adds a little time to the auction to see if any other bids come in. If you have the winning bid when the clock runs out – you win the item for that price. According to QuiBids CEO Matt Beckham, “A huge part of our growth is generated by word of mouth and friends recommending us to their friends – so we must be doing something right.”