Quibids

QuiBids promotes itself (on its website, through widespread internet advertising and emails) as providing an opportunity for consumers to win luxury items at CLASS ACTION significant discounts compared to retail stores and E-Bay, and it claims that winning bidders on QuiBids.com typically save 80%-95% compared to retail prices. In one e-mail promotion, QuiBids cites a customer winning a $20,000 Honda Civic automobile for $1,740.78 in a two-cent QuiBids auction. That price means QuiBids sold 87,039 bids which were used in that auction. At $0.60 per bid, QuiBids grossed $52,233.40 from the bids alone, an amount that dwarfs not only any savings realized by the winning bidder individually, but the retail cost of the car. This illustrates the critical difference between QuiBids and E-Bay – losing bidders on E-Bay do not pay anything.