The Best Penny Auction Sites
Here’s the deal with penny auction sites: You can score designer accessories, gift cards, and other great stuff by bidding on them during timed auctions for a set price per bid. With each bid, the price of the item rises by a few cents.
Be the last one to bid before the clock runs out, and you win the auction – and usually a coveted item for up to 99% off its retail price. (See our guide to how to win on oohilove here.)
Sounds good, right?
Check out a few of our favorite penny auction sites below:
The scoop: Auctions for super-useful gift cards, like cards from Visa, American Express, and Macy’s, are mixed in with high-end fashion accessories.
Bids cost: $0.80
Perks: Bid prices as low as $0.70 if you buy in bulk.
The scoop: Winners save up to 99% on coveted smaller designers, like Rebecca Minkoff and Derek Lam.
Bids cost: $1
Perks: Get 5 free bids just for signing up.