Beezid And the Bait and Switch yes or no?

Beezid is an auction site that claims to have name brand products for over 50% off the retail price. First of all they make you PAY for the right to BID on them in an auction style format. When you think you have finally 'won' they reset the clock to allow more people to bid. They charge about $1 to your credit card every time you click the bid button. You could buy a cute stuffed doll for $10 and bid on it 50 times. You'd end up paying $60 for the item! The whole site is just absurd. It is fun looking and it puts on this 'game' type of atmosphere to grab as much money from you as possibile!

Think about it. If 20-40 people are paying for the RIGHT to bid on an item, they will make their money for that item and then some!
Anyone ever tried this auction site. I've been watching these auctions for sometime and have seen 52" flat screen go for less than a $100 bucks but keep in mind each penny of those bids cost $1.00. Someone also got lucky on a Kia Soul for $26.56 and I think I know why he got lucky, bidders just put off the bidding assuming it would go higher and the fact they went to a 20 second timer so quickly just made this guy a lucky winner. ybarra-cgm.com

Has anyone tried this site and won anything. If I didnt already have a 50" flat screen I might go buy 500 bids for $300 and try it out.

For historical auctions look at the category drop down menu and choose closed auctions.

Some big tickets items I see in the closed
46" Samsung $28.38
HP Laptop $21.47
LG 55" flat screen $116.12

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