[BoppreH]

There's a very strange Brazilian auction site called "Pior Lance" ("worst bid", found at http://www.piorlance.com.br/ ).

The name is misleading, it actually works this way:

1) You buy "bids", the right to do a single bid 2) Every auction has a timer that ends the auction when reaches zero 3) Every bid placed on an item increases it's price by 1 cent and resets the timer

Products get auctioned for values below 20 bucks, which may seem like a great deal, but every cent costed one buck from the bidder.

Pure genius.

[jerf]

There are a ton of these. Here is one of several times HN has talked about them: http://news.ycombinator.com/item?id=700143

Actually, "site:news.ycombinator.com swoopo" goes on for a while on Google, and that's just one such site...

Edit: Ah, and from http://news.ycombinator.com/item?id=978097 we get http://www.pennyauctiontraffic.com/ . Yow.