Penny Auctions penny auctions are more than just simple bidding. They are auctions for people looking to get anything from a television, game console, gift cards and many more retail items for much lower than suggested retail prices. There are several bidding websites one can go to and try out, and most have the same features offered elsewhere. No, wait a minute. Let’s focus on this a little more, shall we? As with most of these auctions, they are timed, and once you place a bid, more time is allocated to the auctioned item. They also have expiration dates, so it is possible that no one bids on an item, and it is removed from the auction area. In case you are familiar with other bidding sites, and try to get your last bid in moments before the time elapses, the auction time is extended by about 15 seconds when a new bid is given. This way, no one will feel cheated out of a bid they placed near the end. The winner is the http://www.pennyauctionsites.org person who places the bid once the time has run out.