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Flight#24
Star Player
Joined: 18 Jun 2006
Posts: 7979
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 Posted: Thu Nov 23, 2006 12:02 pm Post subject: Wow, is this website for real? Check it out guys....INSANE DEALS |
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http://auctions4acause.com/index.asp
Go to the past winners http://auctions4acause.com/winners.asp
Xbox 360s for $12??
HDTVs for $24??
PSPs for $13??
I don't believe it... Does anyone know more about this site? I think it is bogus or is it too good to be true? |
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Laker_Town
Retired Number
Joined: 26 Jun 2006
Posts: 25604
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| Posted: Thu Nov 23, 2006 12:13 pm Post subject: |
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what? 
IF its legit im shopping here |
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LakerFanAlways
Franchise Player
Joined: 18 Dec 2002
Posts: 21615
Location: LakerLand USA(Southern California)
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| Posted: Thu Nov 23, 2006 12:42 pm Post subject: |
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| Let me know if this site is actually legit cause this stuff is WAY Too good to be true..a PS3 bundle for 20 bucks..come on..no way can that be legit |
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999
Franchise Player
Joined: 19 Oct 2006
Posts: 20267
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| Posted: Thu Nov 23, 2006 1:19 pm Post subject: |
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| waaay to good to be true... flat panel tv 25 bucks |
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Tark the Shark
Star Player
Joined: 07 May 2006
Posts: 3510
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| Posted: Thu Nov 23, 2006 2:02 pm Post subject: |
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I think it may be legit because they can make a ton of money.
For example, an Xbox360 retails for $399.
To bid, you have to pay a bid fee of $9.44 for each bid, and they'll only take a total of 95 bids.
$9.44*95 = $896.80; so even if they pay full retail for the Xbox360, they make money of the bid fees.
They don't tell you what bid number they're on, and I don't think the auction closes until it hits the maximum number of bids. Another thing it says is "highest unduplicated bid wins" and you can't bid above the Get4 price which is why the closing auction prices are so low. I have no clue in what increments they increase it but it's all done so you don't know when the auction is ending or if it's really by highest unduplicated bid, you could win at a bid below the Get4 price. If you really want it, you need to keep bidding.
As a bidder, you have to bid and hope the auction closes. Otherwise, you're out the bid fees. Each bid you make requires to pay the fee. Seems more like a raffle, with luck involved, than a real auction.
Last edited by Tark the Shark on Thu Nov 23, 2006 2:06 pm; edited 1 time in total |
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angrypuppy
Retired Number
Joined: 13 Apr 2001
Posts: 32768
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| Posted: Thu Nov 23, 2006 2:04 pm Post subject: |
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It's looks great, as long as you're not worried about:
1. No auction ending date and time (wow)
2. A $10 charge for making each and every bid you make (bigger wow)
Smells like a scam. |
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angrypuppy
Retired Number
Joined: 13 Apr 2001
Posts: 32768
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| Posted: Thu Nov 23, 2006 2:07 pm Post subject: |
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| Tark the Shark wrote: | I think it may be legit because they can make a ton of money.
For example, an Xbox360 retails for $399.
To bid, you have to pay a bid fee of $9.44 for each bid, and they'll only take a total of 95 bids.
$9.44*95 = $896.80; so even if they pay full retail for the Xbox360, they make money of the bid fees.
They don't tell you what bid number they're on, and I don't think the auction closes until it hits the maximum number of bids. You also can't bid above the Get4 price which is why the closing auction prices are so low. I have no clue in what increments they increase it but it's all done so you don't know when the auction is ending. If you really want it, you need to keep bidding.
As a bidder, you have to bid and hope the auction closes. Otherwise, you're out the bid fees. Each bid you make requires to pay the fee. |
Legit on a legal level, probably. But I think you'd have to be insane to bid, given the lack of transparency within the auction process. |
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999
Franchise Player
Joined: 19 Oct 2006
Posts: 20267
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| Posted: Thu Nov 23, 2006 2:16 pm Post subject: |
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| angrypuppy wrote: | It's looks great, as long as you're not worried about:
1. No auction ending date and time (wow)
2. A $10 charge for making each and every bid you make (bigger wow)
Smells like a scam. |
big time... how do you knw when you won the item and Why isnt there a buy it now price..... ebay will be the only auction i trust and even they have some scams but the copany is legit |
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999
Franchise Player
Joined: 19 Oct 2006
Posts: 20267
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| Posted: Thu Nov 23, 2006 2:16 pm Post subject: |
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| charity my ass!!! |
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Flight#24
Star Player
Joined: 18 Jun 2006
Posts: 7979
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| Posted: Thu Nov 23, 2006 2:33 pm Post subject: |
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This "unique highest bid" system is not worth it even this website is legit. Not only do you have to have the highest bid, but it also has to be unique (you bid amount has to be unique). Did some probability analysis, and the chances of being the highest unique bid is pretty damn low.
Here is one example:
| Quote: |
box 360
Get4 Price: $12.94
Auction# 3100: Xbox 360
Click to go back
Get4 Price: $12.94
Retail Price: $399.99
Maximum Bid: $12.94
Bid Fee: $9.94
Max. # of Bids: 91
Auction Started: November 18
Auction Closed: November 20
Xbox 360
Bidding Results Breakdown
Bid Amount Number of Bids
Received
$12.94 10
$12.93 3
$12.92 3
$12.91 8
$12.90 4
$12.89 3
$12.88 4
$12.87 3
$12.86 3
$12.85 1 <--Highest Unique Bid!
$12.83 4
$12.82 1
$12.81 3
$12.80 1
$12.79 2
$12.77 5
$12.76 2
$12.75 3
$12.74 2
$12.73 2
$12.72 1
$12.71 1
$12.69 1
$12.68 1
$12.67 1
$12.63 1
$12.59 1
$12.57 1
$12.54 1
$12.53 1
$12.51 1
$12.46 1
$12.39 1
$12.37 1
$12.23 1
$12.17 1
$11.71 1
$11.63 1
$11.55 1
$11.17 1
$11.15 1
$9.88 1
$8.91 1
$8.83 1
Grand Total: 91 bids |
91 x 9 = $819 is just the amount they made from the fees.
Plus you add the actual bid amount. This sounds more like a business than a charity auction. |
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cr8zy0
Starting Rotation
Joined: 02 Jun 2005
Posts: 820
Location: Los Angeles & Philadelphia
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| Posted: Thu Nov 23, 2006 3:25 pm Post subject: |
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i wouldn't be surprised if at the last second they are having ppl in their own company bidding to make sure they win.
_________________
SMUSH FOR MVP |
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TACH
Retired Number
Joined: 03 Nov 2005
Posts: 28461
Location: Chillin on the Delaware.. from the Jersey Side
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| Posted: Thu Nov 23, 2006 4:42 pm Post subject: |
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| Flight#24 wrote: | This "unique highest bid" system is not worth it even this website is legit. Not only do you have to have the highest bid, but it also has to be unique (you bid amount has to be unique). Did some probability analysis, and the chances of being the highest unique bid is pretty damn low.
Here is one example:
| Quote: |
box 360
Get4 Price: $12.94
Auction# 3100: Xbox 360
Click to go back
Get4 Price: $12.94
Retail Price: $399.99
Maximum Bid: $12.94
Bid Fee: $9.94
Max. # of Bids: 91
Auction Started: November 18
Auction Closed: November 20
Xbox 360
Bidding Results Breakdown
Bid Amount Number of Bids
Received
$12.94 10
$12.93 3
$12.92 3
$12.91 8
$12.90 4
$12.89 3
$12.88 4
$12.87 3
$12.86 3
$12.85 1 <--Highest Unique Bid!
$12.83 4
$12.82 1
$12.81 3
$12.80 1
$12.79 2
$12.77 5
$12.76 2
$12.75 3
$12.74 2
$12.73 2
$12.72 1
$12.71 1
$12.69 1
$12.68 1
$12.67 1
$12.63 1
$12.59 1
$12.57 1
$12.54 1
$12.53 1
$12.51 1
$12.46 1
$12.39 1
$12.37 1
$12.23 1
$12.17 1
$11.71 1
$11.63 1
$11.55 1
$11.17 1
$11.15 1
$9.88 1
$8.91 1
$8.83 1
Grand Total: 91 bids |
91 x 9 = $819 is just the amount they made from the fees.
Plus you add the actual bid amount. This sounds more like a business than a charity auction. |
Especially when as little as 25% goes to the charity....
| Quote: | How can you afford to sell new brand name products for 80-90% off retail prices and still donate so much money to charity?
The Auction 4 Charity is a new and innovative method of conducting auctions on the Internet to raise money for charities. Every participant pays an affordable bidding fee for each bid they place in an auction. By collecting these fees, keeping our administrative costs low and/or by getting product donations from the product manufacturers, we are able to offer these amazing discounts and still donate at least 25% of the auction net proceeds to the selected charities. |
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