Los Angeles, CA (PRWEB) April 23, 2009
The new online auction site http://www.5050auctions.com turns the penny auction world on its head. Although penny auctions were introduced in the United States through sites like Swoopo and Bidstick, 5050auctions.com is the first online auction site to give true value to the consumer. The only internet auction site where Winners always get 50% of their bids back and everything sells for 50 cents or less, 5050auctions.com makes bidding at auction a truly winning proposition!
The name 5050auctions actually came after the concept for 5050. The need was for an affordable fun way to win high end, brand name items at an auction site other than Ebay. While sites like Swoopo and Bidstick made winning a macbook, or an ipod at auction fun again, many times it was simply unaffordable. Unlike regular auction websites the duration of the auction is dictated by the users. There are no reserves. To win the user must place the final bid. With these internet auction sites not only do you have to pay a premium for any bid you use, but then you have to pay the winning bid price. Many times the total between the two would turn a great deal, into a bust.
To fix this major penny auction problem 5050auctions, decided that the bid price would never go higher than 50 cents. So everything sells for 50 cents or less!! Then we took it to the next level. What would truly make winning an auction at 5050auctions a great value? Giving the Winner 50% of their bids back!! No other penny auction site can claim that. So5050auctions became the site where nothing sells for more than 50 Cents, and Winners Always Receive 50% Of Their Bids Back
By combining unbeatable value with top of the line, high end items, and a great user interface, http://www.5050auctions.com brought back what made online auctions so much fun to begin with unbelievable bargains.