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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: You Can Buy One of the C.I.A.’s Greatest Mysteries at an Auction House The New York Times Incredible Pizza Co. auctions arcade games, rides and restaurant fixtures ahead of location closing KSDK Kauai County launches new live auction platform Spectrum News More Than 2,600 Acres of Iowa Farmland Will Sell at Auction in Aug. 2025 Successful Farming Braves, Heritage Auctions to settle Hank Aaron memorabilia dispute Sports Business Journal Under the hammer: The coolest yachts ever to go to auction BOAT International Is Now the Time to Buy ACV Auctions, eBay, and Upwork as Rate Cut Expectations Lift the Market? AInvest India scraps two offshore wind auctions due to lack of interest Wind Power Monthly FBP donates nearly $16,000 at 4-H livestock auctions Portsmouth Daily Times Heritage’s “Art of Disney” Auction Sets New Animation Record with $5.19M Animation Magazine ACV Auctions (ACVA) Nosedives on Lower 2025 Revenue Outlook Insider Monkey Court officer overseeing Citgo auction requests adjournment of sale hearing By Reuters Investing.com Romania completes second round of renewable energy auctions – third of wind quota unallocated Balkan Green Energy News Historic Brentwood 'Primm House' heading for auction The Tennessean Family-Friendly Auction Fun in Crescent City, New Orleans New Orleans Magazine 41st Annual Vaquero Benefit Dinner & Auction The Santa Barbara Independent Infinite Auctions Showcases Five Pairs of Michael Jordan Game-Worn Sneakers in "The Grail Collection" Online Auction ACCESS Newswire Jewelry and items from designer Betty Cooke’s personal collection will be up for auction The Baltimore Banner Mecum Auctions Returns to Monterey Car Week with 600+ Cars duPont REGISTRY News Why roasting deserves more attention at coffee auctions Perfect Daily Grind The 28th Annual Bonhams Quail Auction Returns to Carmel The Weekly Driver Court officer overseeing Citgo auction requests adjournment of sale hearing ca.finance.yahoo.com ACV Auctions (NYSE:ACVA) Reports Sales Below Analyst Estimates In Q2 Earnings, Stock Drops Yahoo Finance Alaska Mental Health Trust launches 2025 fall land sale auction Your Alaska Link Auctions August 15-22, 2025: record-breaking cars and rare collections around the world Finestre sull'Arte Donor matches auction bids at FOAL event Cody Enterprise Boys & Girls Club Celebrity Auction Raises Over $94,000 GreenevilleSun.com Auction: bid to support the Bishop Museum Aloha State Daily McLaren offers 2026 F1 car for sale in unique auction RACER - Racing News St. Joseph Auction and Antique Mart closing newspressnow.com Beer for BICAS auctions art Tucson Local Media Public Auction!! Friday, August Wyoming Tribune Eagle Specialty Food Auction raises funds for 4-H Syracuse Journal-Democrat Auction Fantasy Football Draft Strategy: Six Players I'm Overpaying For Matthew Berry's Fantasy Life MIB sets August 18 and 28 payment deadlines for FM Radio Auction winners; warns of EMD forfeiture Storyboard18 Tony Stark’s NSX Resurfaces for Monterey Car Week, Set for 2026 Auction duPont REGISTRY News Larry King’s legacy extends beyond the suspenders, Frank Sinatra letters up for auction Los Angeles Times Market animal auction bids top $200,000 The Ladysmith News August Auction Block The Georgetowner Eddie Van Halen’s 1982 Guitar Headed to Auction for First Time rollingstone.com The bidding on this McLaren F1 starts at $23 million Detroit Free Press Solar sector demands immediate auctions and certainty, but the executive remains silent Strategic Energy Europe Louisa county Fair auction results The Central Virginian ECMC Kicks Off 24 Item 24 Hour Online Auction The New 96.1 Eddie Van Halen’s Legendary 1982 Kramer Guitar Could Fetch Up to $3 Million at Auction - Robb Report Cox Automotive Signs Intent to Acquire Bel Air and Tallahassee Auto Auctions from BSC America Cox Automotive Inc. St. John’s Picnic and Car Show returns Sunday; online auction will be held Ripon Commonwealth Press Hyatt Auctions Full Hotel Buyouts, $3,000 Boots, And 100K AAdvantage Miles Starting At 5,000 Points View from the Wing Who should own the Martian meteorite: auction caused heated debate Universe Space Tech Why ACV Auctions (ACVA) Stock Is Down Today TradingView Specialty Food Auction raises funds for 4-H Nebraska City News-Press 2002 Ford Focus ZX3 Hatchback With 21K Miles Up For Auction Ford Authority Ron Patch Collection auction vermontjournal.com Eddie Van Halen’s 1982 Kramer Electric Guitar Expected to Fetch $2M-3M at Sotheby’s Auction hollywoodreporter.com |
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