This is a creative initiative on the part of YourPennyWins.com, and we want to see bidders take advantage of this unique opportunity. Here are the PennyTown rules and objectives:

There are 36 “Properties” listed on the board that will be auctioned off. 12 auctions will end from 11:00am – 2:45pm EST and 24 will end from 6:00pm – 11:45pm EST every 15 minutes

Bid Butlers can not be used

Win Limits: 6
*Win Limits for regular YourPennyWins.com will not be considered

There will be a 1st, 2nd and 3rd place winners. Each “property” has a “value” as listed on the board. The person with the highest “value” of “property” will win 1st place, the next 2nd place and the next 3rd place.

In the event there is a tie of “value” for a winning position, the user with the most “properties” will win that position. In the event the tied users for a winning position have the same “value” and number of “properties” then the user to have won the latest auction in the day (between the tied users) will win that position

If you bid/participate in PennyTown! and do not win ANY property, you will receive 10 FREE Bids for YourPennyWins.com. If you bid/participate and win a property, no FREE Bids will be given.

1st Prize – Apple iPad 16gb
2nd Prize – $175 Amazon E-Card
3rd Prize – 100 Bids and $25 Amazon E-Card

If you are unable to participate in the first day of PennyTown, don’t be too disappointed. PennyTown will run once a month, on a specific day. Make sure you subscribe to YourPennyWins emails to be notified.

Learn more about YourPennyWins PennyTown

• YourPennyWins.com
• YourPennyWins directory listing

YourPennyWins Promo Codes

• PAL – 10% off bidpack purchases
• PENNYTOWN – an additional 16% worth of bids added to your purchase

Contact Information

• Address: 106 South Harrison Avenue / Lafayette, CO 80026 / United States
• Phone: 800.792.3041
• Email: Click here

Promotions:

Use the code PAL for 10% extra bids with your first Bigggles (bids) purchase

Detailed Description
Bigggle’s Unique Features:

Patent Pending Progressive Auction – Watch the Progressive Bar…when it fills up you win more items. Start out bidding on a Gift Card and potentially win a Gift Card, an Apple iPod, a Sony LCD TV, AND maybe even a 2011 Ford F-150! We will offer a new “themed” Progressive Every Day…Ladies (and good Husbands) be sure to check out our Dream Purse Progressive!

Auction Swap – Allows our winners to pick and choose what they win. So if you win a new camera, but really want a purse…just SWAP It! (Available options are right on the auction page and at checkout).

Buy It Now – Allows the bidders, that did not win, the opportunity to credit a portion of the amount spent on the auction toward buying the item at retail price. It’s like going to a ball game and after the game you get to take part of the money you spent on the tickets and buy another ticket.

GGG Club
BIGGGLE needs your help to grow! Other sites give you free bids when you refer…BIGGGLE pays you cash. Spread the word by giving your “GGG” code to future Biggglers and get paid. Send it to friends, family, and co-workers when they buy bids you get paid.

Your unique “GGG” code is located under “My Account”, then click on the “My Affiliate” tab.

Bigggle’s Commitment to the Community
It’s Simple Really…. Winter is Really, Really, Cold especially if you do not have a coat! This is where BIGGGLE wants to make a difference! When a Progressive Auction reaches Stage 4 and every Stage beyond, Bigggle will donate a Coat, Hat, and Gloves to a child in the area. Not much more we need to say!

Bid Cost: .75 cents

Special Features:

• Progressive Auctions
• Auction Swap
• Buy it Now on Select Auctions
• Open Tuesday, Thursday, Saturday
• All wins ship in 48 hours

Social Networks

• Facebook
• Twitter.com/BigggleAuction

With the Superbowl and Valentine’s Day just around the corner, several penny auctions* are offering limited time promotions and/or special auctions. We thought it would be helpful to list all of these opportunities in one place.

Here is what we’ve got so far (ordered alphabetically):

Beezid.com
Offer: Get back every bid you place and double-up on your bidpack purchase on February 9-10
Conditions: To double up on your bidpack purchase, use bonus code “BLITZ” when you make your next Bid Pack purchase!
Info: http://www.beezid.com

Bigggle.com
Offer: Special auction running during halftime of the Superbowl
Conditions: Bigggles (bids) will be returned at the end of the auction for use in other auctions. The winner will not have to pay the final auction price.
Info: http://www.bigggle.com

Quibids.com Valentine’s Sweepstakes (see directory listing)
Offer: Quibids is giving away laptops, an HDTV, iPods, gift cards and more.
Conditions: Enter via the Quibids Facebook page from February 1-14.
Info: http://www.quibids.com

TheSmartBid.com Superbowl HDTVathon (see directory listing)
Offer: SmartBid is auctioning a 46″ Sony BRAVIA LCD TV
Conditions: Use code “STEELERS” or “PACKERS” for an instant 10% bonus on bidpack purchase. If your team wins, SmartBid will double your bonus bids!
Info: http://www.thesmartbid.com

Deals from Major Retailers

Please note: We have included some auctions that are not part of our carefully-filtered directory. Please participate at your own risk.

Swoopo UK has launched a new coupon code using which you can get £20 off on your first win. Below are the details.

Code - BACK2SCHOOL
Promotion - Get £20 off your first auction win
Expires - 30-09-2010

Enjoy!!! Visit Swoopo UK now to avail this cool offer.

Swoopo says this is their best deal of the year. Excited? Click the image below of avail the offer.

Image Source: www.leaguelineup.com

Actually they are not new in auction game. They run the popular auction site TripleClicks.com and both services (TripleClicks.com and Pricebenders™) are owned by Carson Services Inc.

They call their bid packs "TCredits" and they will be available in size of 1, 3, 12, 50 and 250 for as little as $0.19 USD (Just 19 cents). Sounds pretty interesting .. huh?

Well, that's not all. Did we mention they are owners of TuneFlow™ as well. So here is another good news. With Pricebenders™, even when you don't win the auction, you still win! Because for every three bids, you earn one free song from the TuneFlow™ Music Store.

I am sure by now, you must be extremely excited about this new penny auction .. so are we!!

Title of article is "Online penny auctions fall out of favor". You can read the complete story here.

What do you think? Share your opinions by sending your comments or discussing the topic in forums. We have created a new topic in our forum for this this which can be accessed here - Future of Penny Auctions

eBay spokesperson Johnna Hoff said eBay increased the number of watched items to 200 from 100 in 2009. She referred me to the eBay help page. "We made the change after receiving ongoing requests from customers," she said.

However, customers can actually store more than 10,000 unique items, Hoff said, if they use eBay's user-created lists. "In the past we received a number of requests to categorize the watch list, so in January 2009 we made it possible for customers to create 50 lists that can each contain up to 200 items."

When you click on the "Add to Watch List" pull-down menu on an item page, you can select "add to a new list" and create a custom watch-list, such as "jewelry," that can contain up to 200 listings.

To access the watched items, go into the Watch List area in My eBay, where you'll find a pull-down menu called "Choose a list" at the top of the page, where your "jewelry" or other lists will appear.

Amazon

"Amazon publishes guide to "Prohibited Seller Activities and Actions,"" Selling Books blog, 1/31/11
Link to blog post

BidStart

"bidStart Breaks Glass Ceiling In Sales," Press release, 2/1/11
Link to press release

Service Providers

"Mercent reports 70% revenue growth," Press release, 2/1/11
Link to press release

Online Shopping, Trends

"Stealthy Decide.com looks to transform online shopping," TechFlash blog, 1/25/11
Link to blog post

Small Business News Issues

"Auctiva Launches Photo Contest: "Best Shot" challenge aims to inspire sellers," Auctiva, 2/1/11
Link to post

"Severe weather hits Plains, Midwest and Northeastern U.S.- shipping, communication potentially delayed," eBay announcement, 2/1/11
Link to announcement

Tech News and Culture

"Microsoft's Bing uses Google search results - and denies it," Google blog, 2/1/11
Microsoft caught with its pants down?
Link to blog post

"In Washington, Revival of the Technology Scene," New York Times, 1/30/11
Link to article

"Life After Facebook: Peter Thiel has made billions in social media. He's moving on - bankrolling ideas he thinks will save the world," Forbes, 1/26/11 (print issue 2/14/11)
Link to article

"Go Daddy Makes The Web Faster by enabling mod_pagespeed," Google blog, 1/31/11
Link to blog post

"Salesforce.com Buys Manymoon for Between $25 Million to $35 Million," AllThingsD, 2/1/11
Link to blog post

For the benefit of those, who are still unclear about Entertainment Auction Association and interested in knowing what Entertainment Auction Association is all about, we had a chance to talk with BigDeal CEO, Nicolas Darveau. Below are the excerpts from the interview.

Bid2loot: What was the main motivation behind "Entertainment Auction Association"?

Nicolas: To help consumers distinguish the good players from the bad players in the industry.

Bid2loot: Who all are involved in this and what is the role of BigDeal?

Nicolas: Bidcactus, Swoopo and BigDeal founded the Association but we are heavily recruiting other sites to join right now.  BigDeal is a member of the association and will be very active in recruiting new members and helping to create a long-lasting industry.

Bid2loot: How do you think "Entertainment Auction Association" is going to benefit penny auction users and firms running penny auctions? Should small penny auction sites be worried about this?

Nicolas: We welcome sites of all sizes.  Any site that is running a legitimate business and can prove it through a third party audit is welcome to join.  The benefit for sites is that they can post a clear “sign of approval” from a neutral third party for their users.

Bid2loot: What is the process if anyone (penny auction user and penny auction owners) want to get involved in this? Are there any fees associated?

Nicolas: Any site can go to the website and apply.  There is a $5000 per year fee to join.

Bid2loot: Is "Entertainment Auction Association" associated with any government/legal entities? If yes, can you please share the details and role of those entities?

Nicolas: No

Bid2loot: We noticed that BigDeal and Swoopo are still shown in "Pending Auction" state and only Bidcactus is shown as "Approved". Why is that?

Nicolas: Bidcactus has gone through its audit already while we are going through it right now.  Once BigDeal is audited it will be an approved member.

Bid2loot: Who carry out the audit process and validates?  How does "Entertainment Auction Association" ensure that the penny auction has been audited correctly and there are no chances of errors?  If only BigDeal, Swoopo and Bidcactus do this then there are chances of unfair advantage to them, isn't so?

Nicolas: We have found a neutral third party audit firm that will conduct the same audit for all sites.

After talking to Nicolas, we feel that the future of penny auction is bright and best part is that there is a strong reason for penny auction lovers to be happy since they will get to know which penny auctions they can count on.

Three cheers to Entertainment Auction Association !!!