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The 3 Minute Auction and Minute Auction Explained


Am I the only person who doesn't know what a 3 minute auction is? Looking for fresh content for my site, I discover that "minute auction," or even a 5, 10 and 30 minute auction is a popular item. Some auction sites may refer to a minute auction as a "Live Bid." The "minute auction" or "3 minute auction" actually comes the closest to duplicating the excitement (and anxiety) of a real auction. No, it is not the same as an eBay minute auction.

I will give the example of Bidz.com. Bidz.com uses Flash technology to constantly update in real-time auction bids right before your very eyes! The price goes up, up, up and the time clicks away ... down, down, down!. Add flashing green highlights for added new bids and red flashing for the ominous approaching 0 minute and to say the least, it is quite thrilling.

On the Bidz home page, there is a link that says 3-minute auctions. This is a separate category all by itself. If you click that link you are taken to the 3 minute auctions, usually consisting of jewelry. (Note: See end of article for "The 3 minute auction - too good to be true?")

A word of caution: It takes a little finesse to bid at these fast-paced auctions - and I mean FAST! You must be EXTREMELY CAREFUL when bidding. The highest bid I came across on my visit was for $1500. My advice would be to practice on the dollar starting bids. Bids quickly escalate to $15 and $30. In the words of BidZ:

"If you are bidding on items in the 3 Minute Auctions category, you will not be notified if you are outbid. These auctions move very quickly, so you have to monitor your winning bids very carefully."

Back on the 3 minute auction page of BidZ, what do you see? >From left to right: the product picture, the item number, title, price, bids, and time left. The "bids" and the "time left" are where the auction action is at. But just as its nearing 0 minutes left, it jumps up to more time left - what gives? According to Bidz.com:

"If the bid is placed during the last minute of an auction, the auction will be automatically extended for an additional 1 minute from the time of the latest bid. The auction will close once all bidding has stopped for a period of 1 minute."

OK - I decide I am going to get in on this action. Registering is free (username must be a combo of numbers and letters). I have to click on the picture to go to the listing to actually bid according to Bidz.com directions below:

1) Simply use the "plus" and "minus" graphic keys to select the amount you would like to bid. The amount of the next bid is automatically one dollar more than the current bid. If you only want to place a one dollar bid, you can just click the Bid button without any adjustments.

2) Click the bid graphic button to register your bid. PROBLEM: I click the Bid! button and then find out I have to register my credit card in order to bid - but they didn't tell me that when I was registering (even though I quite expected it).

Another problem I encounter is a sluggish modem. By the time I reach the listing page and the picture and bid button loads, the auction can be over (sigh...).

Its not hard to become giddy over the amazing deals of a 3 minute auction...too good to be true? 3 minute auctions "typically offer expensive items, such as Cartier watches, Beanie Babies, computers, and cars at prices that are low enough to dull the scam alarm in most people."

This was taken from an auction fraud article. The same article reports that the Federal Trade Commission has identified a scam email that includes "Live 3 minute auctions" in the subject line. See the details of the 3 minute auction scam at www.chiff.com/a/fSCAMauc.htm

For a list of minute-auction websites, refer to: The 3 minute auction list http://shmyl.com/dpzison

My final words: The 3 minute auction and minute auction are the epitome of auction entertainment. So pop some popcorn, invite some friends over, and have yourself some Friday night auction fun!

About The Author

Renee Matt maintains AuctionTongue.com, a review site of auction tool, free auction templates, auction software, auction sniper and image hosting services. AT focuses on auction websites outside of eBay. Sign up for their FREE Auction Freebies newsletter: http://www.auctiontongue.com/; [email protected]


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Thu. April / 22 / 2021

Surplus Bank Auctions Set for Public Inspections Fri. April 23 - KPVI News 6
Surplus Bank Auctions Set for Public Inspections Fri. April 23  KPVI News 6

Love’s Bakery auctions off bread, vintage shirts - KHON2
Love’s Bakery auctions off bread, vintage shirts  KHON2

Germany expands capacity in wind, solar power auctions - Reuters
Germany expands capacity in wind, solar power auctions  Reuters

Up To $500K Expected For One As Dallas Company Auctions Prototype Of First US Dollar Coins - CBS Dallas / Fort Worth
Up To $500K Expected For One As Dallas Company Auctions Prototype Of First US Dollar Coins  CBS Dallas / Fort Worth

Faith Rodeo Club’s ‘Slave Auction’ cancelled due to social media backlash - KELOLAND.com
Faith Rodeo Club’s ‘Slave Auction’ cancelled due to social media backlash  KELOLAND.com

Auctions delayed for potential Samsung plant sites in Arizona - Austin Business Journal - Austin Business Journal
Auctions delayed for potential Samsung plant sites in Arizona - Austin Business Journal  Austin Business Journal

City of Roanoke auctions properties in bi-annual tax sale - WDBJ7
City of Roanoke auctions properties in bi-annual tax sale  WDBJ7

ACV Auctions co-founder Joseph Neiman talks about why he moved to Florida - Buffalo Business First - Buffalo Business First
ACV Auctions co-founder Joseph Neiman talks about why he moved to Florida - Buffalo Business First  Buffalo Business First

Yoshitomo Nara’s ‘Missing in Action’ From 2000 Heads to Auction - Barron's
Yoshitomo Nara’s ‘Missing in Action’ From 2000 Heads to Auction  Barron's

Auctions: Hands-On With The Ultra-Rare Patek Philippe Ref. 2523 'Eurasia Dial' Hitting The Block At Phillips - HODINKEE
Auctions: Hands-On With The Ultra-Rare Patek Philippe Ref. 2523 'Eurasia Dial' Hitting The Block At Phillips  HODINKEE

Faith High School Rodeo Club's 'slave auction' canceled due to controversy - Argus Leader
Faith High School Rodeo Club's 'slave auction' canceled due to controversy  Argus Leader

UPDATE: Faith HS Rodeo Club's 'slave auction' canceled due to controversy - Rapid City Journal
UPDATE: Faith HS Rodeo Club's 'slave auction' canceled due to controversy  Rapid City Journal

Auction Sales Top $39 Million Last Week on HiBid.com, with Rare Coins and Classic Cars Now Up for Bidding - PRNewswire
Auction Sales Top $39 Million Last Week on HiBid.com, with Rare Coins and Classic Cars Now Up for Bidding  PRNewswire

Love’s Bakery auction includes vintage aloha shirts, signs - West Hawaii Today
Love’s Bakery auction includes vintage aloha shirts, signs  West Hawaii Today

Local realtor starts auction business - The Herald
Local realtor starts auction business  The Herald

Bonhams online auction acquisition, new Motoring Division chief - The ClassicCars.com Journal
Bonhams online auction acquisition, new Motoring Division chief  The ClassicCars.com Journal

Cresting Flood of U.S. Treasury Supply May End Auction Woes - Bloomberg
Cresting Flood of U.S. Treasury Supply May End Auction Woes  Bloomberg

Toledo police are holding online vehicle auction - Toledo Blade
Toledo police are holding online vehicle auction  Toledo Blade

Chinese rarity hits auction block in May Macau auction - Coin World
Chinese rarity hits auction block in May Macau auction  Coin World

Cates Auction Real Estate Company Named In Late Client's Will - PRNewswire
Cates Auction Real Estate Company Named In Late Client's Will  PRNewswire

Danish carriers secure additional 5G spectrum in latest auction - RCR Wireless News
Danish carriers secure additional 5G spectrum in latest auction  RCR Wireless News

Bidding open for City of Moorhead online auction - Valley News Live
Bidding open for City of Moorhead online auction  Valley News Live

Bidder Pleads Guilty to Rigging Bids at Online Auctions for Surplus Government Equipment - Department of Justice
Bidder Pleads Guilty to Rigging Bids at Online Auctions for Surplus Government Equipment  Department of Justice

RPS hosts Relay for Life auction - PostBulletin.com
RPS hosts Relay for Life auction  PostBulletin.com

Auction to benefit Bath cat rescue - Portland Press Herald - pressherald.com
Auction to benefit Bath cat rescue - Portland Press Herald  pressherald.com

Janet Jackson puts hundreds of personal items up for auction - Daily Mail
Janet Jackson puts hundreds of personal items up for auction  Daily Mail

Ticket from Tiger Woods' pro debut in Milwaukee will fetch thousands at auction - Green Bay Press Gazette
Ticket from Tiger Woods' pro debut in Milwaukee will fetch thousands at auction  Green Bay Press Gazette

A David Bowie-owned and -signed Takamine is up for auction - Guitar World
A David Bowie-owned and -signed Takamine is up for auction  Guitar World

Analysis: Big US Treasury auctions could restart rise in yields - Reuters
Analysis: Big US Treasury auctions could restart rise in yields  Reuters

Eddie Van Halen's 1934 Ford is red hot and up for auction - Fox News
Eddie Van Halen's 1934 Ford is red hot and up for auction  Fox News

Four Rare Ferraris Hitting the Auction Block This Summer - Autoweek
Four Rare Ferraris Hitting the Auction Block This Summer  Autoweek

Maine gets more than $4M from cap and trade auctions - WABI
Maine gets more than $4M from cap and trade auctions  WABI

Brazil slashes its own take in Atapu, Sepia subsalt auction - S&P Global
Brazil slashes its own take in Atapu, Sepia subsalt auction  S&P Global

Sotheby’s Unveils First Auction Dedicated to Women Artists - Barron's
Sotheby’s Unveils First Auction Dedicated to Women Artists  Barron's

Q&A: George Church’s Genome Up for Auction - The Scientist
Q&A: George Church’s Genome Up for Auction  The Scientist

Red Wings excited to announce #LGRW Online Auction - BlueJackets.com
Red Wings excited to announce #LGRW Online Auction  BlueJackets.com

Local nonprofits look forward to return of auctions – Methow Valley News - Methow Valley News
Local nonprofits look forward to return of auctions – Methow Valley News  Methow Valley News

HiBid.com Auctions Surpass $50 Million Last Week; Taking Bids Now on VR Headsets, Pickup Trucks, and More - PRNewswire
HiBid.com Auctions Surpass $50 Million Last Week; Taking Bids Now on VR Headsets, Pickup Trucks, and More  PRNewswire

Iconic Classic Car Collection In Central Nebraska Up for Auction | netnebraska.org - NET Nebraska
Iconic Classic Car Collection In Central Nebraska Up for Auction | netnebraska.org  NET Nebraska

Forgotten Copy of Super Mario Bros. Sets Record at Auction - The New York Times
Forgotten Copy of Super Mario Bros. Sets Record at Auction  The New York Times

Church joins the NFT craze with plans to auction off his genome - FierceBiotech
Church joins the NFT craze with plans to auction off his genome  FierceBiotech

Sequim Education Foundation sets silent auction fundraiser - Peninsula Daily News
Sequim Education Foundation sets silent auction fundraiser  Peninsula Daily News

1991 Isdera Imperator 108i Heads to Auction Autoweek Autos - Autoweek
1991 Isdera Imperator 108i Heads to Auction Autoweek Autos  Autoweek

Northgate Mall in Durham will soon be torn down. Here’s how you can get a piece of it. - Raleigh News & Observer
Northgate Mall in Durham will soon be torn down. Here’s how you can get a piece of it.  Raleigh News & Observer

Eddie Van Halen ‘Frankenstrat’ Guitars Hit the Auction Block - Rolling Stone
Eddie Van Halen ‘Frankenstrat’ Guitars Hit the Auction Block  Rolling Stone

Parents pack Aledo ISD meeting after racist Snapchat group and slave auction flyers - WFAA.com
Parents pack Aledo ISD meeting after racist Snapchat group and slave auction flyers  WFAA.com

Sotheby's Pak Auction Yields $16.8 Million as NFT Art Boom Continues - Bloomberg
Sotheby's Pak Auction Yields $16.8 Million as NFT Art Boom Continues  Bloomberg

Ponderay Newsprint auction winner to be announced Friday - The Spokesman-Review
Ponderay Newsprint auction winner to be announced Friday  The Spokesman-Review

Def Leppard Auction Goes Inside Rick Allen's Arm Loss - Ultimate Classic Rock
Def Leppard Auction Goes Inside Rick Allen's Arm Loss  Ultimate Classic Rock

Concerts, fine arts, auction add up to busy week in Charleston - Charleston Post Courier
Concerts, fine arts, auction add up to busy week in Charleston  Charleston Post Courier

TREASURIES-Yields show little movement despite strong 20-year auction - Nasdaq
TREASURIES-Yields show little movement despite strong 20-year auction  Nasdaq

Summerville Collector's Huge Finster Angel Up For Auction Saturday - The Chattanoogan
Summerville Collector's Huge Finster Angel Up For Auction Saturday  The Chattanoogan

Google’s Secret ‘Project Bernanke’ Revealed in Texas Antitrust Case - The Wall Street Journal
Google’s Secret ‘Project Bernanke’ Revealed in Texas Antitrust Case  The Wall Street Journal

Desserts are back for the Young Life Auction - The Ely Echo
Desserts are back for the Young Life Auction  The Ely Echo

Henry Ford II’s bespoke Capri is heading up for auction - Top Gear
Henry Ford II’s bespoke Capri is heading up for auction  Top Gear

ACV Auctions Rises 25% in Debut After $414 Million IPO - Bloomberg
ACV Auctions Rises 25% in Debut After $414 Million IPO  Bloomberg

Enter the 'man cave' auction: Pinball machines, Playboys and a moa skeleton all up for sale - Stuff.co.nz
Enter the 'man cave' auction: Pinball machines, Playboys and a moa skeleton all up for sale  Stuff.co.nz

Bat Used by Lou Gehrig in 1938 Sells at Auction for $715,120 - The New York Times
Bat Used by Lou Gehrig in 1938 Sells at Auction for $715,120  The New York Times

This Pile of Twisted Metal at a Salvage Auction Used to Be a 2005 Ford GT - The Drive
This Pile of Twisted Metal at a Salvage Auction Used to Be a 2005 Ford GT  The Drive

JPD evidence vault items, seized vehicles up for auction - WAPT Jackson
JPD evidence vault items, seized vehicles up for auction  WAPT Jackson

San Diego County has 279 properties up for auction. Here's the list - CBS News 8
San Diego County has 279 properties up for auction. Here's the list  CBS News 8

HPU’s Baptist Student Ministry to host art auction fundraiser for Go Now Missions - Brownwood Bulletin
HPU’s Baptist Student Ministry to host art auction fundraiser for Go Now Missions  Brownwood Bulletin

Hopkinsville Rotary Auction Continuing Strong Pace - wkdzradio.com
Hopkinsville Rotary Auction Continuing Strong Pace  wkdzradio.com

Used car dealers sue over alleged 'shill bidding' in ACV's auctions - Buffalo News
Used car dealers sue over alleged 'shill bidding' in ACV's auctions  Buffalo News

Baseball Cards Go Crypto as Auction Houses Warm to New Currency - Bloomberg
Baseball Cards Go Crypto as Auction Houses Warm to New Currency  Bloomberg

Wichita Mountains Wildlife Refuge holding 78th annual Longhorn Cattle Auction - KSWO
Wichita Mountains Wildlife Refuge holding 78th annual Longhorn Cattle Auction  KSWO

Bid On The Bluegrass: Online auction to benefit Thoroughbred Charities of America - EQUUS Magazine
Bid On The Bluegrass: Online auction to benefit Thoroughbred Charities of America  EQUUS Magazine

Ritchie Bros. keeps rolling with US$55+ million regional auction in Northeast US - PRNewswire
Ritchie Bros. keeps rolling with US$55+ million regional auction in Northeast US  PRNewswire

Want to Own the Ocean? Now You Can: Moen Launches NFT Auction to Help Combat Ocean Plastic Pollution - News-Herald.com
Want to Own the Ocean? Now You Can: Moen Launches NFT Auction to Help Combat Ocean Plastic Pollution  News-Herald.com

Online Onion Seller Rises from Domain Auction - Practical Ecommerce
Online Onion Seller Rises from Domain Auction  Practical Ecommerce

Florida to hold online auction to sell unclaimed property - Wink News - Wink News
Florida to hold online auction to sell unclaimed property - Wink News  Wink News

BigIron Auctions to Host Classic Car and Motorcycle Auction Featuring Chevyland USA Inventory - GlobeNewswire
BigIron Auctions to Host Classic Car and Motorcycle Auction Featuring Chevyland USA Inventory  GlobeNewswire

Beverly Park mansion sells at auction for record $51 million - Los Angeles Times
Beverly Park mansion sells at auction for record $51 million  Los Angeles Times

Arts for All Amazing April Auction Raises Money for Scholarship Program and Studio Classes - 9 & 10 News - 9&10 News
Arts for All Amazing April Auction Raises Money for Scholarship Program and Studio Classes - 9 & 10 News  9&10 News

Elida schools to auction elementary school equipment - LimaOhio.com
Elida schools to auction elementary school equipment  LimaOhio.com

Ritchie Bros. hits US$52+ million with latest regional auction success in US Midwest - PRNewswire
Ritchie Bros. hits US$52+ million with latest regional auction success in US Midwest  PRNewswire

St. Albert Auction offers myriad of merchandise - The Daily Nonpareil
St. Albert Auction offers myriad of merchandise  The Daily Nonpareil

Matthew Tkachuk of Calgary Flames is first NHL player to release NFT, will auction it off for charity - ESPN
Matthew Tkachuk of Calgary Flames is first NHL player to release NFT, will auction it off for charity  ESPN

Mount St. Charles auction fundraiser begins May 8 - Valley Breeze
Mount St. Charles auction fundraiser begins May 8  Valley Breeze

Minor League Baseball Team To Auction Off Naming Rights To Its Stadium For Individual Games - Forbes
Minor League Baseball Team To Auction Off Naming Rights To Its Stadium For Individual Games  Forbes

Get your garden going with Williamsburg Garden Club’s annual plant auction - The Clermont Sun
Get your garden going with Williamsburg Garden Club’s annual plant auction  The Clermont Sun

Lionel train collection chugs into EJ's Auction & Appraisal - Glendale Star
Lionel train collection chugs into EJ's Auction & Appraisal  Glendale Star

Auctions with authenticity | Morrison County Record - ECM Publishers
Auctions with authenticity | Morrison County Record  ECM Publishers

Parents of Aledo ISD boys in 'slave auction' Snapchat speak out at school board meeting - FOX 4 Dallas
Parents of Aledo ISD boys in 'slave auction' Snapchat speak out at school board meeting  FOX 4 Dallas

Auction for rare Honus Wagner baseball card already hits $110000 - TribLIVE
Auction for rare Honus Wagner baseball card already hits $110000  TribLIVE

Timberwolves, Lynx host online auction for Daunte Wright's family - KSTP
Timberwolves, Lynx host online auction for Daunte Wright's family  KSTP

Possible Caravaggio Is Withdrawn From Auction; Spain Announces Export Ban - The New York Times
Possible Caravaggio Is Withdrawn From Auction; Spain Announces Export Ban  The New York Times

EXCLUSIVE PHOTO & VIDEO TOUR: Heritage Auctions' "Art of the Disney Theme Park" Lets Bidders Take Home a Piece of Walt Disney World History - wdwnt.com
EXCLUSIVE PHOTO & VIDEO TOUR: Heritage Auctions' "Art of the Disney Theme Park" Lets Bidders Take Home a Piece of Walt Disney World History  wdwnt.com

ACTION AUCTIONS GREENSBORO, NC APRIL 10, 2021 | Auction Sales - Greensboro News & Record
ACTION AUCTIONS GREENSBORO, NC APRIL 10, 2021 | Auction Sales  Greensboro News & Record

1972 Chevy Vega Wagon With Just 32 Original Miles Headed To Auction - GM Authority
1972 Chevy Vega Wagon With Just 32 Original Miles Headed To Auction  GM Authority

You Can Bid on Art by Top Interior Designers in This Virtual Auction - HouseBeautiful.com
You Can Bid on Art by Top Interior Designers in This Virtual Auction  HouseBeautiful.com

Edward Snowden's NFT sold for $5.5 million at auction for charity - Engadget
Edward Snowden's NFT sold for $5.5 million at auction for charity  Engadget

Former McKinley, Worthington elementary buildings headed to auction - WTAP-TV
Former McKinley, Worthington elementary buildings headed to auction  WTAP-TV

Auction brings Hall of Famer Ted Williams to NFT market - The Associated Press
Auction brings Hall of Famer Ted Williams to NFT market  The Associated Press

Paterson moves to auction off 2-acre Leader Dye factory site - Paterson Times
Paterson moves to auction off 2-acre Leader Dye factory site  Paterson Times

Norman woman organizing sale, auction, walk in memory of son - Seymour Tribune
Norman woman organizing sale, auction, walk in memory of son  Seymour Tribune

Local owners put Nomar Theater up for auction - KSN-TV
Local owners put Nomar Theater up for auction  KSN-TV

Cleveland Spiders’ Jesse Burkett rare 1893 baseball card up for auction - cleveland.com
Cleveland Spiders’ Jesse Burkett rare 1893 baseball card up for auction  cleveland.com

Auction of seven-year Treasury notes better, but still on weak side - Reuters
Auction of seven-year Treasury notes better, but still on weak side  Reuters

Two men working to open livestock auction near Thayer, Mo. - KY3
Two men working to open livestock auction near Thayer, Mo.  KY3

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