This is a complete con. They can 'aution' things cheaply because of all the money they make from people paying for bids! My brother wanted an iPhone so joined Madbid, he won NOTHING. By the time he gave up, he'd wasted enough money to have bought one! Since my brother's misfortune, I have heard of hundreds of other people who have had the same thing happen to them at Madbid. Keep away from them! Save the money you would waste on bids and buy the item outright!