I recently witnessed on QuiBids an auction that was auctioning off a bottle of, Liz Claiborne Women's 1.7-Ounce Curve Soul Eau De Parfum Spray. This auction went on til a total of 344 bids were made by around eight bidders.
344 bids means Quibids made $206.40 on an item that the real market value is at the most about $10.00. If the market value is $10.00, you know that QuiBids did not pay that amount for it.
A bidder with the handle of AngelRea won this auction. AngelRea bid a total of 107 bids, 104 voucher and 3 real bids. AngelRea, whether she/he knows it or not actully paid out of the pocket $64.20.
VOUCHER BIDS ARE NOT FREE! ONE WAY OR ANOTHER YOU HAVE PAID FOR THEM AND THEY HAVE THE SAME VALUE ON QUIBIDS THAT REAL BIDS HAVE!
This bidder paid the phenomenal amount of $64.20 cents of real cash on an item with an actual market value of no more than $10.00 - $12.00.
If you going to participate in QuiBids, your going to be bidding in situations like I just described. These are no win situations.
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