It is basically an auction site – but with a difference (yes, you’ve guessed it – it’s mad!). Its growth in popularity seems to be almost exponential - it is one of the few new websites that I have heard mentioned by friends recently - and they all seemed to be intrigued by the concepts behind the site. Effectively, it works like a penny auction. You don't have to be the sharpest card in the deck in order to get to grips with it either!
Since the site started they have generated over sixty thousand winners and are well on their way to the four million mark as the total value of the prizes they have given. What you do is place a bid, wait for the timer to get down to zero and if no one else has placed a bid then you are the winner. The mad bit comes from the prices that items go for at this website. Take a look at the screenshot below – this was done on 11 March 2010 and as such is just a random example of the bargains you can expect there.
MadBid also have a page on Facebook for its growing army of fans. You can get loads more detail about how the site works there but our own favourite part of it is the photo section where the successful bidders have posted up piccies of themselves and their new belongings. Cool!
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