Online Auctions from R1 Introduced on Bob Shop

bobshop South Africa's largest online marketplace, recently introduced their latest online offering - Crazy Wednesday Auctions - a weekly event, which will only run for 24 hours and offer a starting price of R1, with no reserve on goods.

"Through our experience in this market, we have come to realise that many bidders find the long time periods associated with auctions frustrating," says Andy Higgins, MD at bobshop. "In answer to this notion, we decided to introduce one day crazy auctions, which provide bidders with the opportunity to almost immediately determine whether their bid has been successful."

"The response and positive feedback that we have received since bobshop first launched Crazy Wednesday Auctions on 23 February 2005 has been fantastic," says Higgins. "Our sellers are extremely happy with the auction results and many did not expect to receive such great offers on many of their listed items."

One satisfied seller, William Kelly from HappyKoi.co.za, says; "The reaction that we have had from our first online Koi auction in South Africa has been tremendous. In less than 24 hours we had bids on all the fish that we listed. All we had to do was to create the auction and let our customer database know about it. The auction is an absolute winner in terms of publicity, marketing and exposure."

More positive feedback was received for Starlight Cruises who auctioned of a number of trips for two on the Rhapsody, during one of the Crazy Wednesday  Auctions. Bidders applauded the well displayed and advertised auction, as well as the efficient and well-organised service that they received from Starlight Cruises.

To participate in these auctions, all sellers need to do is:

• List auctions starting at R1 with No Reserve
• Ensure that the auction duration is 24 hours or less
• Ensure that the auction closes on the Wednesday

bobshop promotes these crazy auctions in a weekly newsletter to buyers as well on the bobshop web site. For more information, please visit www.bobshop.co.za.

"We challenge everyone to go crazy on Wednesdays and participate in bobshop's online auctions. We guarantee unbelievable offers and great deals - without the long waiting periods," concludes Higgins.