This is a brand new auction concept, unlike the typical auction where highest bid wins, instead, the lowest unique bid wins! That means the final prices could be only a few cents.
The best way to explain how it works is with an example:
* User A bids $0.01 – this is now the lowest unique bid.
* User B bids from $0.01 to $0.05 – $0.01 is no longer a unique bid and the lowest unique bid is now $0.02
* User C bids $0.07 – this is a unique bid but it is not the lowest unique bid.
* User D bids $0.02 to $0.06 – the lowest unique bid is now $0.06
If the auction was to close at this stage User D would win as the lowest unique bid at that stage would be $0.06.
uniqueBidWin.com - Auctions Where The Lowest Unique Bid Wins!
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