The example of a unique auction "Sharky Bids"

While at first glance the site may seem "too good to be true",we will find that with their unique auction concept in place,it all fits together.The way the site works is that they allow their users to raise the price by maximum of 0.01 with each bid they place on a auction.There is small fee for every bid placed,currently between 0.40-0.60 USD depending on the Bid Package Purchased.They able to provide their members with some of the most incredible bargains online,run the site and provide free shipping.They also keep the amount of total outbids low,as there is clear,strong incentive to not bid pointlessly over other users,like what we may see on other traditional online auction sites.

Since their launch,they have sold much over 3200 ridiculous bargains and receive thousand of  new members on the sites.

For those reading this,which is not yet familiar with their auction work,here is a quick guide :

1. You purchase bids (this service fee gives you the right to bid and support the site.You buy them in packs.The bids are then loaded onto account.)
2. You bid on a item (once your bid is placed,the price of the item goes up by 0.01 and the auction timer resets to a predetermined time of  for example 15 seconds)
3. You wait for the time to run out (if nobody else outbids you within the time countdown,usually around 15 seconds then you win the auction)
4. You confirm your win.No need to pay the final price. (the item will be delivered to you  via courier internationally on from local retailers.

Credit to : http://www.sharkybids.info/