A new online business may be the first auction site where the LOWEST bidder wins. A company called Limbo auctions items off for the lowest bid. If two people text message the same number, they knock each other out. The object is to find a number that no one else chooses and it has to be the lowest number. The biggest prize recently was a Hummer H3 that a woman bought for only $36.65! Some of the other items are a Video IPOD for 95 cents, and a plasma HDTV for $5.86. Interesting marketing concept — time will tell if this takes off.
May 24, 2006
Company Takes Lowest Bid: Woman Buys Hummer for $36.65
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