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 700 people who have already saved themselves an average discount of 93%. One in 58 of people entering the Low Bid auction make a winning bid.

** Mini Cooper S for £5? **

We have sold over 21 brand new Mini Cooper S cars.

Each one went for less than £140. and the best deal of all was to one rather pleased Mandy Glassberg from London who got hers for £5!

**Recent sales? **

We have recently sold a 40" Sony Bravia TV for £6, an Apple iPad for £2, a Canon EOS Digital SLR camera for £6, a Fiat 500 for £18, a 5-star weekend in Madrid for £8, a Jimmy Choo bag for £15, a Paiggio vespa Scooter for £64 an iPhone for £1, a 42” LCD TV by LG for £36, a limited edition MGTFLE500 for £85, a top of the range iMac for £51 and a pair of Bose noise cancellation headphones for £12.

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.



• 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.

Good luck if you decide to have a go!