Low Unique Bid Auctions a New Concept in the Internet

Benidorm, Spain, June 18, 2008 --(PR.com)-- Low Unique Bid Auctions (LUBA) sales pitch sounds too good to be true.

The company has more than 20 Years experience on the internet, selling and buying goods.

Low Unique Bid Auctions, is an Internet auction site that allows its members to place small amounts of money in bids and make huge savings on new merchandise.

Low Unique Bid Auction is right now offering 200 LUBA Credits (100 Euro) for free for the first 200 members signing up and helping test the whole site. Where members can bid in auctions for real money.

Any winnings will be added to the winners account when the program opens for real.

Start spending money in the system right now and get double the money the day the program opens for real auctions.

Also start referring new people into Low Unique Bid Auction, and get a bonus of 5% of all the money they spend.

Upgrade to a Super Bidder for just 10 Euro per month and for all the people referred to the program and get a 10% bonus of all the money referrals spend in Low Unique Bid Auction plus get a 20% bonus on Super Bidder subscription every month.

Reverse auctions gained popularity in the late 1990s as a result of the emergence of Internet-based online auction tools.

A reverse auction (also called procurement auction, low unique bid e-auction, sourcing event, e-sourcing) is a tool used in industrial business-to-business procurement. It is a type of auction in which the role of the buyer and seller are reversed, with the primary objective to drive purchase prices downward. In an ordinary auction (also known as a forward auction), buyers compete to obtain goods or services. In a reverse auction, sellers compete to obtain business.

Reverse auctions are used to fill both large and small value contracts for public and private commercial organizations. In addition to items traditionally thought of as commodities, reverse auctions are also used to source buyer-designed goods and services, and have even been used to source reverse auction providers. The first time this occurred was in August of 2001.

The legality of low unique auctions has been proven by the American, British and the Danish governments who are all using the low unique auction concept.

Each item offered, is set at a maximum bid price. A Laptop worth 1100 Euro is guaranteed to sell for no more than a 5 Euro bid cost.

The auction winner is the person who bids the lowest unique price. If 100 people bid ½ to 5 euro, but only one person bids 10.93 Euro, then this becomes the lowest unique bid and wins. If there isn't a unique bid, Low Unique Bid Auction identifies the amount that got the fewest bids, and then awards the item to the first person to bid that amount. The winner only pays the bid price and nothing for the cost of shipping the goods. That’s for free.

Low Unique Bid Auctions can be described as “a strategy game”. And there have been added a number of features to make the game more interesting. Low Unique Bid Auction lets users see if their bids are the Lowest Unique but it also gives them the chance to see approximately where the lowest unique bid is by telling the bidder if their bid is a “unique but not lowest”, bid, this way there is a fair chance for all bidders to work out where the Lowest Unique Bid is, then it’s just for the “strategic” person to wait to the right moment to bid, and make their number the lowest and unique.

LUBA is sure that in a very short time after opening, the program will have the first brand new car as an auction lot.

John Hughes, assistant professor at Harvard Business School, said the Low Unique Bid Auction system is so simple it appeals to a lot of Internet shoppers. Especially up to the holiday seasons and up to Christmas.

Low Unique Bid Auctions have the right concept for a success, said John Hughes.

They are offering the items at a real low bid price, no shipping cost or hidden cost for the bidders.

No one else is offering this on the internet today.

Any question contact please contact: sales @ lowuniquebidauction.com (remove spaces)

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