Every day thousands of ebay auctions end without receiving a single bid, and many of these auctions are for valuable items that have a starting bid of $1 or less.

Why so low? Because lots of ebay sellers like to start their auctions off with a ridiculously low price with the hope that a bidding war will ensue and drive the price way above the item’s actual value.

Sometimes this strategy works, and sometimes it doesn’t. It’s a gamble, and the sellers know it. That’s why you shouldn’t feel guilty if you end up snagging a $50 item for 50 cents.

How do you track down these super bargains? Well, as luck would have it there is a very cool website for that:  [Read more…]