Penny Auctions - How to sell a $180 tablet for $7,264Unless you use an ad blocker, you probably notice ads for penny auction sites from time to time. They usually advertise with sketchy messages like “iPhone sold for $14.21.” They can sell iPhones such low prices because of their unusual auction system where each bid increases the auction price by only one cent. This works because unlike eBay each bid costs money (e.g., $0.40) no matter if you end u
