OKLAHOMA CITY – Online penny auctions are growing in popularity and one Oklahoma City business is cashing in on the trend, but even this local company warns buyers there are plenty of risks. "We ...

A pair of 2007 UA graduates launched BidTavern, a penny auction website with a twist, on Monday. Bidding fee auctions, or penny auctions, are a fairly new concept in the online shopping world, and ...

Online "penny auctions" are quickly gaining popularity, and though they claim to offer consumers the opportunity to win quality merchandise at low prices, the Better Business Bureau of Minnesota and ...

Ads for the penny auction site QuiBids and Happy Bid Day make it look easy to get expensive items for just a few dollars. One for QuiBids says, "Imagine getting a new Apple iPad today for just $23.74.

The Federal Trade Commission has released a consumer alert dealing with online penny auctions ("Online Penny Auctions: Nothing for Something?"). Penny auctions may provide good deals. However, you ...