Penny-auction websites are buzzing with all kinds of deals on electronics, appliances, gift cards, and many other items. Encouraged by TV and Web ads promising as much as 95 percent off retail, ...

It's hard to win an auction when you’re competing against shill bidders. An ongoing investigation by the Washington state attorney general’s office has found that some online penny auctions use robots ...

Are penny auction sites legitimate? States begin to regulate the industry. Aug. 19, 2011 — -- Everyone loves a deal, but how good of a deal are the online stores known as penny auction sites?

The holidays are here, and the average American will spend nearly $900 on gifts this year. The desire to land a big ticket item while staying on a budget can lead to temptations like short term loans ...

The offers seem irresistible: an iPad 2 for $50, the iPhone 4 for $50 and a whiz-bang SLR for $100. Recently, there has been a rise in penny auction sites touting such deals. They go by names like ...

If you were in the market for a ring that would ordinarily cost $1,000, but only had to pay $50 for it, you might consider that a good deal. Owners of some websites are betting you would and have made ...

An Apple iPad for just $91.56? That's what one lucky bidder paid for the device — which retails for $499 — on BidRodeo, a new "penny auction" website based in New Jersey. BidRodeo is run out of a ...