Sponsored Post: $50 Nordstrom Gift Cards Are Selling For A Buck At Fashion Bay

There’s a new bidding site out there (new as in they launched nine days ago) and we’ve been logging on compulsively today to check on the $50 Neiman Marcus gift card and adorable Lauren Merkin clutch that are currently going for about a dollar.

FashionBay.com lets you bid on luxury goods – including gift cards to stores like Neiman’s, Nordstrom and Bloomingdales – that can sell for up to 99% less than their retail value.

Getting started is pretty simple:

1. Register for free, and get a free bid when you sign up.

2. Buy a bid package. Bids start at 80 cents each, but you can get them for as low as 68 cents if you buy in bulk.

3. Eye an item. Our heart is set on a department store gift card, but the Lauren Merkin and Kooba bags are pretty great too.

4. Bid. If you’re the last bidder when time runs out, you’ll win the item.

Everything on the site is guaranteed authentic, and they even take suggestions for what products you want to bid on next. Let them know, and maybe next week you can score an Alexander Wang bag for $5.