what do you think of how this Bazaar Item Auction Works?

Philippines
August 2, 2011 8:59am CST
In normal auctions, items start at a low price and the price goes up with each bid. In the tagvillage bazaar, items start at an incredibly low price and the price goes DOWN with each bid until it reaches 0.10 tagvillage credits. Essentially, a seller will list a good/service in the bazaar and set an incredibly low price for the item. members see the item listed and can bid for the to pay that price. when a member places a bid, they are listed in the winning position. However, if another member bids, the new bidder will be listed in the winning position. each time a person bids on the item the price drops by 0.01 tagvillage credits until it falls the way to 0.10 tagvillage credits. once the item falls to 0.10 tagvillage credits, a timer starts to count down from 30 seconds to zero. members may continue to bid. each time a member bids during the countdown timer, tagvillage will reset the timer to 30 seconds up to a pre-calculated maximum number of timer resets. once the timer counts down to zero. the final winning bidder will have the right to purchase the item for the current listed price. Can you share what do you think with this kind of Auctions? Thanks
3 responses
@aprilmom (172)
• United States
6 Aug 11
I think I ether tried or did create an account for that. Not sure. I think I found different search results on internet for this and was not sure what was legit. Also was confused how to get around website. I don't remember what I did. I looked a bit into site from it being sugested from someone here on mylot like a week or so ago.
@aprilmom (172)
• United States
7 Aug 11
I do not know if I created an account or not because I was not sure which link from search was the actual website.
1 person likes this
• Philippines
7 Aug 11
okay. i think i sent a message about the link of tagvillage and more information about it. or you can go to, to my profile.
• Australia
3 Aug 11
For someone like myself who has never experienced this kind of auction, it seems like a really strange way to run an auction! I think I may have to check out this site..is the name of the site tagvillage?
1 person likes this
• Philippines
3 Aug 11
yeah you may check the site that we can discuss it here what are your ideas about it.
@ayis12 (544)
• Philippines
3 Aug 11
I once experienced to scam in some auction sites. So, ive decided not to try again.
1 person likes this
• Philippines
3 Aug 11
i'm sorry to hear that. it a truth that there's are sites who will scam you but there are also legit ones. i think most of us experienced to be scammed if not in the auction sites in other sites. now i am really need to be cautious before i joined certain sites.