Ads for the penny auction site QuiBids and Happy Bid Day make it look easy to get expensive items for just a few dollars. One for QuiBids says, "Imagine getting a new Apple iPad today for just $23.74.

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 ...

Online "penny auctions" are quickly gaining popularity, and though they claim to offer consumers the opportunity to win quality merchandise at low prices, the Better Business Bureau of Minnesota and ...

The Federal Trade Commission has released a consumer alert dealing with online penny auctions ("Online Penny Auctions: Nothing for Something?"). Penny auctions may provide good deals. However, you ...

Online ads are appearing on popular websites, claiming great deals of up to 80 percent savings on iPads and other electronics with online penny auctions. While the discounts are tempting, do your ...

It’s fun and exciting and a whole new way to shop. If you know how to play the penny auction game — and are very lucky — you may be able to buy name-brand products and gift cards at amazingly low ...

The television commercials for online penny auctions may have viewers fantasizing about scoring the latest tech gadgets at eye-popping discounts. But they could be in store for a big letdown. The ...

If you’ve been the least bit captivated by the mystery of missing Malaysian Airlines Flight 370, you’ve undoubtedly tuned into to CNN to get the latest updates (or speculation) about its fate. If so, ...

LOS ANGELES The first time Bruce Bargar bid on a penny auction site, he hit the jackpot, winning a new Apple MacBook laptop for just over $100. Since then, he's won several items, including a $25 Kohl ...

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 ...