DALLAS, Dec. 13, 2010 /PRNewswire/ -- "Why stand in line for holiday gifts when you can have fun, save money, and shop at the same time?" asks QuickDrawBids.com site owner, Jim Specht. "With the advent of penny auction sites and the amazing deals people are getting, we see no sign of slowing in the growth of this new form of shopping."
What is most surprising, is how much fun you will have bidding. The new penny auction sites like QuickDrawBids.com are gaining popularity because they tap into the competitive side of human nature. "Let's face it. We all want a bargain! When you win a $200 Target gift card and only pay $9.50 for it...well, that's just too good to be true, but that is what is happening on our site every day," said Specht.
Unlike Ebay, where you bid a specific dollar amount, sites like QuickDrawBids.com are "penny auction" sites. This means that you bid only one cent at a time to win gift cards and name brand items from retailers like Home Depot, Best Buy, ToysRUs, Target, Wal-Mart, Shell, Apple, Chili's, and more for just pennies on the dollar.
The economy has taken a toll on everyone this year, and holiday shopping budgets are tighter than ever. With this new online bidding craze, even those on a budget can polish off their entire holiday shopping list without fighting crowds and save 95% or more off retail. The trick is in understanding the bidding process and mastering the game. You must first purchase bid packs, which allow you to participate in a live auction and start bidding. Bid packs can cost anywhere from $0.50 to $1 per bid, depending on the auction site you are using. The bid increases one penny at a time with no time restrictions and no reserves. The highest bidder takes the item. So, if you are the only person bidding on an item, you can literally get it for a penny!
"Typically, I'll get auction items for about a 90% discount. I have been bidding on various penny auction sites like QuickDrawBids.com for a while now, and I can't believe the deals I've made. My kids are going to have a great Christmas!" said Matt Hashem, an avid penny auction buyer.
QuickDrawBids.com is a penny auction site based in the Dallas, TX area. They feature brand name gift cards. Bidding starts at just $0.01 with no reserve. For more information, contact Jim Specht at email@example.com.