Really?

[Chainsaw_Willie]

Damn. And I'd take all of them I could get my hands on for $247.50...

[pointedem]

Go check the site. Pretty cool idea. I saw a ft.knox style bar of gold sell for something ridiculous cheap the other day.. like 90% of mkt value.

[Chainsaw_Willie]

Yeah, it's an interesting concept, I'll have to watch it to see how well it works, especially once it gets to be better known. Right off the bat I see a couple things I don't like about it though. You could potentially spend quite a bit of money trying, and failing, to win something.

My original point was that I question the math they used in that ad. By their math, the original price of a D90/18-105mm kit would be $247.50. Still a screaming deal and I'd buy as many of them as I could at that price.

[smmokan]

Pretty interesting concept... check out this auction:

http://www.swoopo.com/auction/canon-...le/176725.html

The price right now is $22.67 and its a penny auction, meaning the price goes up by one cent each time a bid is placed... so that means there have been 2,267 bids. Each bid costs $0.75 to place- so they've made approximately $1600 on this auction.

[BurnHard]

Weeeeeeeeird concept.
It seems to me that the penny auction should never get going: I sure as fuck won't be the first one to bid knowing I'd be wasting my $0.75 cents until the very last second.

But if it works, those guys are making BANK!

[dumpy]

I've been watching for a few minutes and it seems that very few people bid until after 10 seconds until the item finishes, which is smart, except for the fact that any bids under :10 seconds restart the time to :15 seconds.

In other words, the auctions don't really start until the very end at which point they are a huge loop of bid, restart, bid restart. The only real way to win an item is to wait for your opponents to get bored/tired.

It would be interesting to see where their main customer base is and time it to go on the site when hardly anyone is on.

Days of mass interweb outtages would be good too. Somebody needs to launch a hudge DOS attack on every major ISP except for their own, then go on and clean up.

Widespread blackouts would be another good time to visit this site.

[couloir]

interesting answers here on swoopo and how its really just a lottery/gambling site rather than an auction site
http://answers.yahoo.com/question/in...3155857AAkfe83

[Out_to_lunch]

Bellow the Bid button, there is a sentence that says "This auction will end latest on (Date & Time)".
It seems like if the "auction" makes it to the date and time that would be the time to buy.
It also seems that you can put in more than one bid at a time adding even more time on the clock ("uh oh, I need another beer, but I want that")

If I didn't have a life, and didn't mind spending endless hours in front of a computer, i'd say it's a good idea

[dumpy]

Bellow the Bid button, there is a sentence that says "This auction will end latest on (Date & Time)".
It seems like if the "auction" makes it to the date and time that would be the time to buy.
It also seems that you can put in more than one bid at a time adding even more time on the clock ("uh oh, I need another beer, but I want that")

If I didn't have a life, and didn't mind spending endless hours in front of a computer, i'd say it's a good idea

June 14th seems to be the day they all end. Good day to check in.