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 1000 people who have already saved themselves an average discount of 97.5%.
- One in 58 of people entering the Low Bid auction win.
Mini Cooper S for £5?
- We have sold 25 cars for an average of £63 each including a Range Rover Evoque for £65, two Fiat 500s one for £59 and the other for £18 and 21 Mini Cooper Ss.
- The best deal of all was to one rather pleased Mandy Glassberg from London who got her Mini Cooper S for £5!
- Please check out the results page where there are over 1,000 wins recorded. If you click on the details of any item, you can examine each bid made and see precisely how the winning bid came in. (more)
So what are the key tips?
- Use your skill to plan your bidding. Remember you are looking to offer a price as low as you would be willing to pay, but don’t forget your bid must be not the same as any other bid and it must be in whole pounds. You can't offer pennies.
- 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 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 at above 5% of the worth value, this very rarely happens.
- Please check out the results page where there are over 1,000 wins recorded. If you click on the details of any item, you can examine each bid made and see precisely how the winning bid came in.
Good luck if you decide to have a go!