New Auction Site that lets you bid a penny at a time

Penny Auction is a Auction website that lets you bid on items at the rate of one penny per bid. All you need to do is register, buy a packet of bids for a set amount such as 20 bid for $20.00, 50 bids for $50.00 and so on. Each bid you make on the item is 1 penny.
I saw in the sold items list that someone won a Wii for $0.69 and the person only made 9 bids total, not bad at all considering the retail of the Wii is $260.00. There are a few interesting items in the sold list but in order to see all the items up for auction you must register.
One interesting thing about this Auction site is that instead of the clock running down and many bids coming in at the end the clock resets so many bids can be made.

If you are interested in a easier and fun way to do auction buying check Penny Auction out, you may actually win!