How does Dollar Bid Club work?

    Dollar Bid Club is North America’s premier social auction house where luxury items are priced so low that the average North American can finally purchase something they’ve dreamed of owning for pennies on the dollar.

    We are disrupting the whole process of selling and buying luxury items.

    Dollar Bid Club’s auction site, like other auction sites, has a defined set of rules.
    The big difference is our rules allow players to bid more strategically vs. financially and the final sale price of the item is not determined by someone simply placing a higher bid.

    Once you’ve learned these rules you will find our auction system to be the easiest, fairest and most exciting way to bid and buy something you once dream of owning and finally create that lifestyle you’ve worked so hard for.

    EG: For an item valued at $4,000,000 with 100,000 members bidding on it you could purchase the item for as low as $3,239.19

    Here are the rules:
    1. Every bidder must be a member of Dollar Bid Club.
    Each membership type comes with a different bid quantity and a promo code.
    The more bids you have the better chance you have of placing that winning bid.
    If you wish to increase your bids without upgrading your membership type you can promote our site by sharing your promo code with your friends.
    Every time someone signs up using your promo code you both will receive 5 extra bids in the next auction room you join.
    Note: To keep our auctions as fair as possible, once an auction starts you will not be able to increase or change how many bids you have.
    2. Each auction room will have a posted room fee, paying this validates that each member entering the room is truly a person and protects our members from competing against machines.
    3. An auction will not start until the room is full.
    To fill rooms faster every member is provided with a promo code if they promote our site and the auction and people sign up using their promo code they plus their friend will receive 5 extra bids in their next auction.
    4. Once the room is full the auction will start on the following Sunday and a time will be emailed out accordingly. This will give every member a chance to prepare for the big day.
    Note: Any member can leave an auction room and they will receive a full refund.
    Room fee refunds will be provided up until 24hrs before the auction start time.
    5. A Dollar Bid Club Auction will last for 20 Minutes.
    6. Members must place a bid every 2 minutes during the auction.
    If you miss a bid you will be considered not interested in the item any more and removed from the auction.

    7. For the first 18 minutes every bid will consists of these 2 elements.
    1) An incremental value, which increases the price of the auction item and will become the final price owed for the item after 20 minutes.
    Incremental bid values range from $0.01 to $1.00 in $0.10 increments respectively. IE: $0.01, $0.10, $0.20 …..
    Click here to see how many bids of each value your membership type will receive.
    2) And your best educated guess as to what you believe the total of the incremental value will be after each round.
    After every 2 minutes we will show you what the incremental value total and remove the highest and lowest 15% of the bidders.
    Why are you removing bidders?
    We wanted a way of creating a strategy that made people think about how to bid vs. simply bidding super high or super low to stay in the game.

    8. For the last 2 minutes every bid will consist of these 2 elements.
    1) An incremental value, which increases the price of the auction item and will become the final price owed for the item after 20 minutes.
    Incremental bid values range from $0.01 to $1.00 in $0.10 increments respectively. IE: $0.01, $0.10, $0.20 …..
    Click here to see how many bids of each value your membership type will receive.
    2) And your best educated guess as to what you believe the total of the incremental value will be.
    After the last 2 minutes is over we will show you what the incremental value total has become and first person with the closest guess to that total without going over wins the auction.

    NOTE: The winner of the auction will pay the total incremental value of the item.

    Bellow is an example of a typical auction room with an item value of $4,000,000 and 100,000 members joined.
    This shows the potential range that an item could be auctioned off for.
    These numbers are based off of every member in the auction room being a free member with only 10 bids.

    Bid #
    Minute Mark
    # of bidders
    Max bid
    Item value if all low bids
     Item value if all high bids 
    1
    2
    100,000.00
    $1.00
    $1,000.00
    $100,000.00
    2
    4
    70,000.00
    $0.90
    $700.00
    $63,000.00
    3
    6
    49,000.00
    $0.80
    $490.00
    $39,200.00
    4
    8
    34,300.00
    $0.70
    $343.00
    $24,010.00
    5
    10
    24,010.00
    $0.60
    $240.10
    $14,406.00
    6
    12
    16,807.00
    $0.50
    $168.07
    $8,403.50
    7
    14
    11,765.00
    $0.40
    $117.65
    $4,706.00
    8
    16
    8,236.00
    $0.30
    $82.36
    $2,470.80
    9
    18
    5,765.00
    $0.20
    $57.65
    $1,153.00
    10
    20
    4,036.00
    $0.10
    $40.36
    $403.60
     
     
     
    Totals
    $3,239.19
     $257,752.90