The difficulty with this (and any other sites it resembles - quibids, for example) is that there is absolutely no good reason to believe that there aren't bots

The difficulty with this (and any other sites it resembles - quibids, for example) is that there is absolutely no good reason to believe that there aren't bots behind the scenes driving up the bids. As an exercise in curiosity one day I watched a few auctions on quibids for about 45 minutes - with a number of them, immediately after a bid was placed by what may have been a "real" user, nearly instantly another user - always the same one - placed another bid. After a time watching this, I began counting the number of bids placed (at 60 cents per bid, which is quibids rate), the questionable bidder placed over 300 bids in the span of 45 minutes - each time in immediate response to someone else's bid. The item in question was a $100 gift card from Target. At 300 bids (60 cents each), that was $180.00 - grossly in excess of the value of the card itself. Yes, it could be claimed that this was just a very dumb bidder, but the speed and rate at which they were entering bids was nearly unbelievable. The auction ended at $15.40. At one cent increments, that was 1540 bids - at 60 cents each. Quibids made 924 + 15.40 - $100 for that card. Sick.