If you’re bidding on any item in a penny auction, especially a higher ticket item, you should always go in with a maximum price in your mind prior to entering. This maximum price should be based on the average that is paid by other bidders in the past, for the same item.
A good example of this would be an iPhone 6 that may have an average selling price of $300 on DealDash, but sometimes goes for about $50 higher on HappyBidDay – obviously you would want to try your hand at DealDash first. And you probably wouldn’t want to pay much higher than its average price.
Sometimes penny auction sites will post the average selling price on the auction page, but we highly recommend that you do your own research before bidding on any product, let alone a higher priced one.
One of the penny auction websites that posts the average selling price is DealDash. However, the average price will only become visible when you logout – losing your place in the auction. How much does that suck?!