LED TVs are LCD TVs that use LED backlights instead of the Cold Cathode Fluorescent Lamps used in most LCD TVs. All the big names: Samsung, Sharp, LG, Philips, Panasonic, Toshiba, Sony, offer a superb range of LED TVs. The cost of LED TVs can vary between 25 and 800. You can grab LED TVs incredibly cheaper in an LED TV auction. If it is a penny auction you can win an LED TV at 90% off its retail price. It is fairly possible that you can buy a 800 LED TV at just 80 in an LED TV auction. This is facilitated by the economics of penny auctions. In a penny auction bidding starts at zero. Every bid placed adds 1 penny to the price of the item. Thus, after the first bid is placed the cost of the 800 LED TV will be but 1 penny. Also each bid increases the time of the auction by a few seconds. The moment the countdown timer reaches zero, the auction is over, and the last bid at that point is the winning bid. So even if 8000 bids are placed on an LED TV auction which is quite possible, given the fact LED TVs are wildly coveted - the final price will still be 80. In penny auctions you have to buy bids. Each bid may cost anything between 0.5 and 0.75. Therefore, when you win an auction you need to factor in the number of bids you have placed on the item to calculate your profit. This means if you place 100 bids on the LED TV auction you spend 50 at 0.5 per bid for the auction. So you grab the TV at 130 (80 + 50). Your profit or discount: 83.75%. On some penny auctions you can sell as well. You as a seller can add an LED TV auction. Apart from the final bidding price, you will get a percentage of all bids placed on the LED TV. Some penny auctions give 80% of all bids placed to the seller. If we take the aforesaid auction into consideration, then you get 80% of 8000 bids placed plus 80 the final bidding price. At 0.5 per bid 8000 bids cost 4000. 80% of that is 3200, which goes to you the seller. However, you need to opt for an authentic penny auction site only. You should receive exactly the item you win at an auction. In case of an LED TV auction you should receive exactly the model you bid for, and not some cheaper model. Log on to ofetta.com, a penny auction site of repute.
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