New eBay? Too good to be true?

Discussion in 'Garage Sale' started by ray_gillespie, Jan 15, 2008.

  1. ray_gillespie

    ray_gillespie Moderator Staff Member Political User

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    Wow, I've just found this new auction website: http://www.telebid.com

    Has anyone ever been there? I've never seen anything like it. It looks like a normal auction website but they charge you to put a bid on and then increase the timer every time a bid is placed! It's quite funny really, search the website for an offer that looks too good to be true and is nearly over, then watch was happens. I just watched a Nintendo DS with 11 seconds left and at £1.97 - the time is now back up to 5 MINUTES and the DS is already £8 hehe.

    Wow, that's one to watch out for.
     
  2. LordOfLA

    LordOfLA Godlike!

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    Nice find!

    Signed up :) Seen a nice looking samsung landline phone on there
     
  3. kcnychief

    kcnychief █▄█ ▀█▄ █ Political User Folding Team

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    thread moved

    I'm reading this over - is this real and how can it be? It seems too good to be true really....
     
  4. fitz

    fitz Just Floating Along Staff Member Political User Folding Team

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    no.. it's an interesting concept.. too bad it's UK mainland only.
     
  5. ray_gillespie

    ray_gillespie Moderator Staff Member Political User

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    I think it is too good to be true - but I wanted people to find out for themselves by watching one of the bids...
     
  6. American Zombie

    American Zombie Moderator Staff Member Political User

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    If people keep bidding then the auction for an item could possibly never end.

    From Terms:
     
  7. LordOfLA

    LordOfLA Godlike!

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    you buy "bids" in packs. once you run out of bids you have to buy a new pack. Eventually a bid will end.

    Probably best to get inexpensive items. They have £2000 TV's up for 100% off (just pay £50 shipping), how that can be sustained I don't know. However its run by a German business so it could be legit.
     
  8. Dark Atheist

    Dark Atheist Moderator Political User Folding Team

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    bankrupt stock
     
  9. ray_gillespie

    ray_gillespie Moderator Staff Member Political User

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    I think the deal is that they make a fortune off bidding (50p per phone bid!) which they can then use to subsidise the products on there. They entice people by showing auctions about to finish at a very low price - but the price and the time keep on increasing. I wonder if there is some sort of consumer protection law that covers this - I think they're in a very grey area with their style of bidding: that "auction ending" time is so misleading.
     
  10. kcnychief

    kcnychief █▄█ ▀█▄ █ Political User Folding Team

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    It breaks my heart :(
     
  11. Xie

    Xie - geek - Subscribed User Folding Team

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    Interesting concept indeed. Kinda the reverse of Sonys "reverse auction":
     
  12. Lawman82

    Lawman82 I see bad people

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    Well guys, you may want to take a look at the auction my department use for forfeitured and abandoned property from our police agency, what's the site you say, it's propertyroom. com. this site has a little bit of everything you may want new, used, and unknown. Guys just be careful about item that can't be be mailed, you may have to make a road trip to Cal. or New York. Have fun. Let me know how you like it.
     
  13. CriticalPoint

    CriticalPoint Addicted to Gaming Folding Team

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    Every item has an expiry time/date so it goes for whatever the highest is... That is of course, if it reaches that maximum! I was looking to flog my 160Gb SATA-II HDD's on there, then I realised you can't sell, just buy! Mental concept tho!!