Ads for the penny auction site QuiBids and Happy Bid Day make it look easy to get expensive items for just a few dollars. One for QuiBids says, "Imagine getting a new Apple iPad today for just $23.74.

An iPad for $88.07? An Xbox for $15.33? Sold! The television commercials for online penny auctions may have viewers fantasizing about scoring the latest tech gadgets at eye-popping discounts. But they ...

Penny-auction websites are buzzing with all kinds of deals on electronics, appliances, gift cards, and many other items. Encouraged by TV and Web ads promising as much as 95 percent off retail, ...

Like the rest of us, Dawn Lane wants to stretch the spending power of her dollars, especially during the economic downturn. Always on the prowl for a great deal, the 36-year-old Fort Collins mother of ...

PITTSBURGH (KDKA) -- Penny auction websites advertise big bargains with the lucky winners walking off with televisions, small kitchen appliances and other items for a fraction of their retail cost.

Are penny auction sites legitimate? States begin to regulate the industry. Aug. 19, 2011 — -- Everyone loves a deal, but how good of a deal are the online stores known as penny auction sites?

Have you heard of a penny auction? Wichita businessman Bill Long hadn't until six months ago, but now he's starting one called Boosta Bid. "It's a new way to shop," Long says. "I actually stumbled ...

At a time when we’re all looking for bargains, is there a catch to buying a $150 Nikon Coolpix digital camera for 34 cents? Or nabbing a $699 Apple 16GB iPhone for $8.06? There is: While you stand to ...

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 ...

They are a combination of bingo night, the Home Shopping Network and a slot machine addiction. For most players, the payoff isn't nearly as good as the promise -- and, for the site owners, it's not ...

If you’ve been the least bit captivated by the mystery of missing Malaysian Airlines Flight 370, you’ve undoubtedly tuned into to CNN to get the latest updates (or speculation) about its fate. If so, ...