Online auction with a twist

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We all love auctions, right? Of course we do. Ebay wouldn't have been nearly as successful if we didn't. There's another auction site out there now that will be taking the web by storm. It's called bid4prizes. Their current live auctions include a BMW, Plasma TV, Apple iPhone, and $500 in cash. My first thought was, Why on earth would I bid on $500? That's easy enough to answer after you read through or watch the video of how bid4prizes works. Your goal is not to be the highest bidder, but to be the lowest unique bidder. Also, if you ARE the lowest unique bidder and you won the auction, you don't pay 1 cent for the prize. They send you the prize for free. I'm still not entirely sure what they get out of it other than the possibility of ad placements on their site, but who cares. As long as I win a prize.

I'll be giving this auction a chance in the near future. I'm looking to run a contest on another blog and need a great grand prize. A grand prize of a laptop or a Wii only gets better for me if I didn't have to pay for it. Good Luck on your quest for the lowest bid.