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Found 2 results

  1. The home page of auction website MadBid makes a series of stunning claims. One bidder snapped up a Fiat 500 for just £193. Another grabbed “a week in the sun” for a mere £3.28. A third is about to take delivery of a brand-new Mini One for the staggeringly low price of £6.83. But a Guardian Money investigation suggests that successful buyers can actually end up paying twice the price for goods available on conventional retail sites, while the far more numerous unsuccessful bidders face losing £28 or more each. We also found evidence to suggest that the company, ultimately based in the Channel Islands, is making extraordinary profits – potentially up to £14,000 on the sale of an Apple MacBook in one of its penny auctions. We also found pricing irregularities across the website, with “sold prices” incorrectly stated across its many international versions. http://www.theguardian.com/money/2015/may/15/madbid-discount-auction-website-most-complained-company
  2. The home page of auction website MadBid makes a series of stunning claims. One bidder snapped up a Fiat 500 for just £193. Another grabbed “a week in the sun” for a mere £3.28. A third is about to take delivery of a brand-new Mini One for the staggeringly low price of £6.83. But a Guardian Money investigation suggests that successful buyers can actually end up paying twice the price for goods available on conventional retail sites, while the far more numerous unsuccessful bidders face losing £28 or more each. We also found evidence to suggest that the company, ultimately based in the Channel Islands, is making extraordinary profits – potentially up to £14,000 on the sale of an Apple MacBook in one of its penny auctions. We also found pricing irregularities across the website, with “sold prices” incorrectly stated across its many international versions. http://www.theguardian.com/money/2015/may/15/madbid-discount-auction-website-most-complained-company
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