Friday, August 25, 2006
zeeDive: Reverse Auctions
What? Reverse auctions? The concept: instead of stating how much you would be willing to pay for an item, you state how little you would want to pay. When the price drops to the amount you state, the item becomes yours. The fun happens when there are multiple bidders on the same item and you do not know what their lowest bid is. You really want to buy the item, but you don't know how low you should go. Sounds like fun to me. Good luck.