eBay Penny Auctions

Nov 6, 2004 | Auctions, Collectibles, eBay | 0 comments

When eBay item priced at penny, where’s profit?

ContraCostaTimes.com
By Lisa Guernsey
NEW YORK TIMES
Thu, Nov. 04, 2004

“Fans of John Wayne, take notice: On eBay last month, a search of the actor’s name in the movie category returned more than 2,000 items. Many had opening bids of less than $1 and included offers to ‘Buy It Now’ for just a few dollars. But one, a VHS tape of ‘Flying Tigers,’ had a particularly intriguing ‘Buy It Now’ price: $.01”

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