I work for a new auction website, http://www.bidsnbobs.com that launched at the weekend.

In a nutshell – prices start low and only ever go down. Bidders buy bundles of bids from the site (from 25p per bid) and then use them to compete against other bidders for a variety of cool stuff on the site. The more bids you buy, the more chances to win.

Products available include top of the range games consoles and LCD TV’s to laptops, iPods and bundles of cash! With every bid placed on an item, the price of that item drops by a penny.

Also with every bid placed the time increases by 8 seconds to give everyone a better chance of winning! If your bid is the final bid on an item when the auction time reaches zero, then you purchase the product for that final bidding price – simple as that. Therefore, the more people bidding on the item, the cheaper it will become.

Ah yes, similarly Price Plummet launched last year and was the first auction website where the price is driven down by every bid. BidsNBobs seems to be a cross between Price Plummet, and an ordinary standard penny auction website.

I highly recommend that people check out Price Plummet - the price doesn’t just go down by 1p per bid, it goes down by 10p! Plus Price Plummet has several different auction types, each with their own feature buttons which enable you to manipulate the auctions in different ways. It’s extremely unique in many ways.

If you sign up to Price Plummet you get 4 free bids - well worth having a go

I am interested with that thing. I will check on that later.

Actually i didn’t know about that.