What is Unique Auction? Categories: Main Page > About Unique Auction
Last Modified: April 04, 2008 10:10 AM Article ID: 10004
What
is UniqueAuction?
UniqueAuction
is a fun and exciting new auction site that lets users win brand new
products for fraction of the retail price, and best of all…it’s
FREE to play! Just bid on the highest ‘unique’
number and you win!
How
do you play?
Unlike
traditional auction sites, it's not the highest bid that wins; it's
the most 'unique' bid that wins - a number that no other bidder has
selected.
For
example, the Xbox 360 retails for $399.99, UA will have a ceiling
price for the console for as low as $4.34. Users can pick numbers
from anywhere between 0.01 and $4.34, with five free bids
per auction as a basic member, or 100 free bids per
auction as a platinum member.
Let's say
three people bid $4.34, two people bid $4.33 and one person bids
$4.32, then the "most unique bid" would be $4.32. This
means the winner will only pay $4.32 for the sought after system.
Of
course, there are thousands of scenarios that could take place.
The auction could even be won for one cent…if every number
from 0.02 to $4.34 was taken at least twice and one person selected
one cent
I’m
confused. Say that again? How is the “Highest Unique Bid”
determined?
It’s
the highest number no one has selected, or if every number has been
selected, it’s the highest number that has received the fewest
bids, in which case the winner will be determined by the user who
placed the winning bid first.
Here are
a couple other examples of some scenarios:
Scenario
A:
|
Bidding
Price
|
Number
of Bidders
|
|
$49.99
|
150
|
|
$43.05
|
7
|
|
$10.11
|
1
|
|
$ 7.50
|
555
|
|
$ 7.45
|
7
|
The
“highest unique bid" in this case would be
$10.11, because only one person selected that number.
Scenario
B:
|
Bidding
Price
|
Number
of Bidders
|
|
$49.99
|
150
|
|
$43.05
|
21
|
|
$10.11
|
25
|
|
$ 7.50
|
555
|
|
$ 7.45
|
24
|
The
"highest unique bid" in this case would be
$43.05, because it has the lowest amount of bids and the
winner would be the first person who selected $43.05.
What
happens if every number is selected in an auction?
In the
event that every number has been selected, the “highest unique
bid” would be the highest number with the least amount of bids
with the winner being the user who selected that number first.
How
can I use my free bids?
Every
member that signs up for free will receive five free bids per auction
and all platinum members will receive 100 bids per auction.
At the
beginning of the auction, basic members can place one free bid and
platinum members can place two bids until 20% of the bidding numbers
have been selected. Once 20% of the bids have been placed, the
remainder of your free bids can be used.
This
helps create a more competitive and balanced auction.
Why
is there a 20% restricted time period on every free auction?
To make
auctions with free bids more fair and competitive, we have added a
restricted time period at the beginning of the auction where basic
members can place one free bid and platinum members can place two
free bids. After the restricted time period is up, all
users can use the remainder of their free bids per auction.
The
restricted time period is always the first 20% of the auction time.
For example, if the auction is ten days long, during the first two
days users can place one or two bids based on their membership and
after the first two days users can use the remainder of their free
bids.
When
I win a free auction, does that mean I don’t have to pay
anything for the item?
No, this
means there is no bidding fee, bidding is free. However, you’ll
have to pay whatever your winning bid was, plus the shipping for the
item. For example, if your winning bid was $1.22 on a $500 item,
you’ll pay just $1.22 for the item plus shipping.
Is
this a lottery or raffle site?
No.
It's a game where winning depends on the user and their own
strategy. Nothing is hidden from the user, all bids and the bid
history can be seen by all users, allowing them to cancel out each
others bids to enhance their winning strategy.
What
can you get off UniqueAuction?
Anything.
Anytime a hot new item is released, you’ll find it on
UniqueAuction at a low cost. Auctions ranging from cars,
vacations, video game systems, iPods, digital cameras, televisions,
computers and much more ... all for a fraction of the price.
Why
UniqueAuction?
With eBay
and many other 'highest bidder wins' auction sites on the internet,
we wanted to distance ourselves from that group and be completely
different, thus, the concept of Unique Auction was born.
To learn
more about UniqueAuction or our Platinum Membership, visit the About
Us section.
Can I create more than one account?
No, anyone caught abusing memberships and bidding multiple times from different accounts will automatically be disqualified from winning any auctions.

How do you play?
Unlike
traditional auction sites, it's not the highest bid that wins; it's
the most 'unique' bid that wins - a number that no other bidder has
selected. ... |
How is the highest unique bid determined?
At Unique Auction, the winning bid is the highest unique bid and if there are several members that have placed a bid at the highest unique bid price, then the member that placed the first bid at that price is the winner.... |
Place a bid, buy it now or create a challenge
Once you have read the description and choose to purchase an item, you'll be able place a bid, buy it there and then, if the Buy It Now option is available, or create a Challenge Auction. ... |
What is Unique Auction?
UniqueAuction is a fun and exciting new auction site that lets users win brand new products for fraction of the retail price, and best of all…it's FREE to play! Just bid on the highest 'unique' number and you win!... |
User Fees
The customer is responsible for all taxes, shipping and handling charges, unless otherwise indicated. ... |
How is the highest unique bid determined?
At Unique Auction, the winning bid is the highest unique bid and if there are several members that have placed a bid at the highest unique bid price, then the member that placed the first bid at that price is the winner.... |
Trip to Moon for $100
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