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Purse auction website??

fxz109fxz109
in Central Pennsylvania Nesties
Anyone familiar with these, like pennypurses.com?  Is it a scam?  What gives?
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Re: Purse auction website??

  • billysgirl07billysgirl07 member
    Eighth Anniversary
    Yeah, I'd bet the bags on there are fakes!  They look like it just by glancing at the website.
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  • beyimagebeyimage

    DH isn't here right now, but he was telling me about these types of websites (not specifically for purses though).  I think they are authentic purses, and IIRC, the way these sites make their money is that they charge a small fee (50 cents or so) for each bid.  So if you have an auction that ended at $9.52 (like the one on their main page)...that means there were 952 bids on the purse.  Multiply that by .50, and the auction made $476 on the purse.  Make sense?

    It looks like this site is slightly different...you buy "bids" in bulk packages, but I can't find anywhere that says how much they cost.  I'm assuming the principle is the same as what I described above.

    "When all the trees have been cut down, when all the animals have been hunted, when all the waters are polluted, when all the air is unsafe to breathe, only then will you discover you cannot eat money." - Cree teaching
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  • beyimagebeyimage

    This site has a fairly detailed explanation of the math involved from a different penny auction site, Swoopo...

    http://tomuse.com/penny-auction-swoopo-profits-deals-illegal/

    "When all the trees have been cut down, when all the animals have been hunted, when all the waters are polluted, when all the air is unsafe to breathe, only then will you discover you cannot eat money." - Cree teaching
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  • mgeib13mgeib13
    i am convinced i'm addicted to purses and for the thrill of finding a steal, sometimes for real! I have mastered NYC canal street and have come home with some authentic, one was appraised up to $2500 and I paid $100.  not everything i buy i real but it looks very close.  The new website i've been using is ioffer.com  it's a bit crazy but you can buy everything.  it's out of China and i've gotten some real and some very close but rarely pay over $100.  I just bought uggs for $55 and my mom got a burberry trench for $145 and the quality is impressive, all of the tags, stamps, boxes, dust bags.....  I've had my critics but again i've had a few things confirmed real and for me i don't care i love to buy too much to pay a grand for everything!
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