Penny auctions are where you must pay a fee each time you bid. Certainly this alters the behavior of the bidders, but there doesn’t seem to be a lot of info about exactly how. In preparation for an ...

PENNY auction websites are at the centre of a fake bidding software scandal. An Office of Fair Trading probe found Scriptmatix Ltd sold a product that created false bids on unpopular lots. The company ...

It's hard to win an auction when you’re competing against shill bidders. An ongoing investigation by the Washington state attorney general’s office has found that some online penny auctions use robots ...

Auction site PennyBiddr stopped taking bids and its owner agreed to pay more than $15,000 in refunds to users and legal costs in a settlement with the Washington Attorney General's Office. The site ...

The offers seem irresistible: an iPad 2 for $50, the iPhone 4 for $50 and a whiz-bang SLR for $100. Recently, there has been a rise in penny auction sites touting such deals. They go by names like ...

If you were in the market for a ring that would ordinarily cost $1,000, but only had to pay $50 for it, you might consider that a good deal. Owners of some websites are betting you would and have made ...