Just recently SnappyTuna.com, the sample sale site for “smart foodies,” applied the “Dutch auction” aka price-drop or reveal price auctions, to their daily deal lineup.
What is a Dutch Auction?
“Dutch auctions, also known as a “price drop” or “reveal” auction, are auctions where the price decreases with each bid placed allowing the bidder to purchase the item if they wish to receive a % discount off of retail prices.”-PennyAuctionWatch.com
SnappyTuna calls their version of the Dutch Auction the “Daily Catch,” in order to see the price of the Daily Catch deal you must first purchase Daily Catch credits ($0.99/each). These Daily Catch credits can then be used to take a look at the price of the item. Once you’re in, and as others join the sale, the price gets lower. There’s only 1 item on sale and once it’s been bought the sale is over!
Watch SnappyTuna’s Daily Catch video for more information!:
SnappyTuna is great, but we have a product suggestion for them: Fred & Friends ;). Today I bought M-Cups & M-Spoons (they’re Matroyshkas and they’re super cute!) on Amazon:
Can’t forget the Teacup Cakes Cupcake Mold ;)!
We have fun ;).
Images from Snappytuna
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