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Re: Yellman??
My understanding is that the low prices are real in that that is the price you pay if you win the auction. However, to place a 1p bid costs about £1.30 and you don't get that back regardless of whether you win or not.
Say an item is at £1 with 10 seconds left on the clock. You bid (cost circa £1.30), the auction price goes up to £1.01 and the clock resets to 2 minutes. That will keep happening for as long as people bid.
If my maths is correct, an item selling for £1 has actually generated 100 bids at circa £1.30 each - nice work if you can get it.
Happy to be corrected if I misunderstood it
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