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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: Scottie Pippen’s collection, including Michael Jordan’s ‘Dream Team’ sneakers, going to auction The New York Times Rembrandt’s Young Lion Resting Fetches $18 Million at Auction Galerie Magazine Rare Michelangelo Study for the Sistine Chapel, Newly Discovered by Christie's, Sells for $27.2M, An Artist Record at Auction Christie's - Press center Hamilton County to auction bar stools, beer taps from Paycor Stadium Cincinnati Enquirer Progressive's former campus appears to sell at auction — with low price - Crain's Cleveland Business Progressive's former campus appears to sell at auction — with low price Crain's Cleveland Business Palisades Center goes for $175M at foreclosure auction. Who bought it? The Journal News | lohud.com Rare 15th-century prayer book looted by Nazis expected to fetch millions at auction The Times of Israel Storage Auctions Columbia Star Pink Jersey Auction Live; Raising Funds for Dakota Hospital Foundation University of South Dakota Athletics From Handmade Furniture to White House Mementos: Carter Items Go to Auction Georgia Public Broadcasting County to auction Bengals-branded suite furniture in Paycor Stadium WCPO 9 Cincinnati Babe Ruth-signed ball linked to Nazi spy capture up for auction ahead of 131st birthday Baltimore Sun Billionaire Tom Kaplan Auctions Rare Rembrandt Lion Drawing for $18M to Help Save the Animal it Depicts Good News Network How a handful of Mattson properties wound up auctioned off in a Santa Rosa park - The Press Democrat Colombia brings back renewable energy auctions: Will projects finally reach operation? Strategic Energy Europe Grace Cottage plans auction The Deerfield Valley News | Palmstreet Brings Back the Real Auction Experience for Fashion, Collectibles, and Lifestyle Sellers With Two Modern Formats: Live-Stream Auctions + Long-Form Auctions Yahoo Finance Singapore 25 W. 45th St. sells for $45.1M at foreclosure auction Crain's New York Business Babe Ruth rookie, high-end basketball cards headline Goldin Winter 100 Auction Sports Collectors Digest Wine festival's online auction raises over $1 million Gulfshore Business Closed Norfolk bakery auctions off supplies 13newsnow.com Rare Whiskey Auction will support Longmont-area causes Saturday Longmont Times-Call 1984 Star Michael Jordan card sets record in $7M auction at Memory Lane Sports Collectors Digest PSA Vault Spotlight Auction To End With Star-Studded Final Hour on eBay Live Sports Illustrated Heel yeah! Tiny drawing of man’s foot by Michelangelo fetches toe-curling $27M at auction New York Post Boosters seek auction items, sponsorships SSentinel.com Bonhams Car Week auction to move from The Quail to WeatherTech Raceway Laguna Seca. Monterey County Weekly Online Auction-Inspired Marketplaces Trend Hunter Palisades Center Mall sold in court foreclosure auction. What we know - The Journal News | lohud.com Palisades Center Mall sold in court foreclosure auction. What we know The Journal News | lohud.com Discount new balance 574 sport boys Deals Police Auctions Canada Boys New Balance 574 Sneakers Size 4.5 Through The Fence Baseball Palisades Center shopping mall sells for $175M at auction Westfair Communications Developer wins auction bidding war for Buckeye land ABC15 Arizona Lumber Exchange building in downtown Minneapolis heads to auction Finance & Commerce Bonhams Monterey Car Week sale moves from Quail to Laguna Seca for 2026 magnetomagazine.com 2026 Paris auctions: Records fall, but older Ferraris and pre-war cars struggle magnetomagazine.com The Guardian Apartment Building Foreclosure Auction Set for Feb. 26 Source of the Spring Helping Hand Radio Auction Now At $130,073 Radio NWTN Final Howard Miller Company auction concludes century of craftsmanship Woodworking Network Can't Miss Deals at Turbo Auctions firstcoastnews.com Groundbreaking Vega Expedition Polar Archive to Auction Fine Books Magazine ACV Auctions engages at NADA on inventory and efficiency Traders Union Clars Starts The New Year Strong With Gallery Auction Antiques And The Arts Weekly One of the nation’s largest malls is purchased at auction Chain Store Age Minden St. Jude Auction begins today with full weekend of events Minden Press-Herald NFL Hall-of-Fame auctions FOX 5 DC Christie’s auctions ‘last two’ Karuizawa casks The Spirits Business 91-Year-Old Woman Hoped to Sell the Crock on Her Back Porch for $300. It Got $32K at Auction TODAY.com GDL: The Inaugural Kentucky Bourbon Country Auction & Celebration is Happening Feb. 13-15 whas11.com Kidoz Welcomes CloudX Innovation Driving Fairer Mobile Advertising Auctions accessnewswire.com Bid on surplus: Florida Auction Network’s upcoming auctions mypanhandle.com Must Read: How Creators Can Avoid Being Replaced by AI, Fashion Auctions Are Drawing in Younger Consumers Fashionista Bourbon with a Mission: The Inaugural Kentucky Bourbon Country Auction Hits Louisville Food & Beverage Magazine 100 Hottest Cooper Flagg Card Auctions as Mavs Young Star Takes Over Sports Collectors Daily 2026 Mecum Motorcycle Auction Recap Cycle News Get Ready for a Taste of Danville History at the Peer Court Auction! Vermilion County First America’s Auto Auction welcomes Hallowell to serve in newly expanded executive position Auto Remarketing Orleans County NY Tax Foreclosure Auction February 17 The National Law Review |
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