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– What is a Penny Auction
A penny auction is an auction where bidders pay-per-bid for an item and the time increases with each
bid. The winning bidder is the bidder whoever is the last to bid when the timer counts down to 0
seconds. These auctions require you to also pay for the final amount showing for the item. For example
if each bid raises the auction cost by €0.10 an auction that ends…