What is a 'lowest unique bid'?

A 'lowest unique bid' is the lowest bid placed, that no one else matches. For example:

Bid 1: £1.00

Bid 2: £1.00

Bid 3: £2.00

Bid 4: £2.00

Bid 5: £2.00

>> Bid 6: £3.00 <<

Bid 7: £5.00

Bid 8: £6.00

Bid 9: £6.00

In the above example, the winning bid is £3.00 because it is the lowest bid, which no one else has offered.

Does this really work?

Check out the results here where you can see details of over 300 people who have already saved themselves nearly £300,000 in our LOW bid auctions.

** Mini Cooper S for £5? **

Over the last year, we have sold 10 brand new Mini Cooper S cars.

Each one went for less than £106. In fact the average price paid

was £55 and the best to deal of all was to one rather pleased

Mandy Glassberg from London who saved herself nearly £16,000 by

getting her car for £5!

**32-inch Sony Bravia for £6? **

We have recently sold a 40" Sony Bravia TV for £6,

an 80GB Apple iPod for £22 and a pair of Bose QC2 noise

cancellation headphones for £12.

** 209 iPods for £13 each? **

In all we have sold 41 LCD/Plasma TV's for an average of

£59, three really spoiling Mauritius holidays (5-star) for an average of

£27, six Cartier or Tag Heuer watches for an average of £26 and

209 iPods have gone for an average of £13 each.

So what are the key tips?

• Use your skill to plan your bidding. Remember you are looking to offer a price as low one as you would be willing to pay, but don’t forget your bid must be not the same as anyone else’s and it must be in whole pounds.

• Review the previous results for the item (or if it is on for the first time, take a view on similar items) and find out the average and median level at which this has sold by Low Bid auction before.

• If you are only making one bid, make sure it is within that average price level. If you are making more than one bid, place the others near the top and bottom of the median range.

• Don’t offer too much. Although you can win above 5% of the worth value, this very rarely happens.

Good luck if you decide to have a go!