Better Quibids Data: A Welcome Relief

There is better Quibids data right at Quibids now! I think it is part of the effort by Quibids to move its business more mainstream, as it advertises on TV and wants to attract not just the few people who are already a part of the penny auction industry but a wider range of general audience.

Now, Quibids has better ways to look at past prices. I have previously complained about the misleading price information on Quibids. Previously, when an auction was underway, Quibids would say "Recently sold for $0.01" and the $0.01 was almost always the case because some obscure auction somewhere might have ended that way. This practice seems even more misleading because of the Quibids trap page. What is to prevent them from artificially dropping an auction price to a cent, just to use it for publicity?

However, now Quibids has a better practice of showing the least prices and a "..." where you can click to get all the recently ended auctions for that item you are watching. This is good because previously you had to copy-paste the item name and even then the search results weren't accurate. Plus it was too much effort. Now the pricing system is much more transparent.

I have always argued that Quibids, as an industry leader, should take the lead in making penny auctions more open and transparent. An important step towards this is making price information public and available for analysis. What do you think?

Quibids Data on Sony Cyber-Shot 16 MP Waterproof Camera

This is some Quibids data on Sony Cyber-Shot 16 MP Waterproof Camera. Thanks to Chris who mailed me about this and also the 3 data points. This should be a nice indication of when to bid at Quibids, although the data is very insufficient. I think it should be interesting to do a more thorough analysis in the future with various models and perhaps different brands too. This should give more data points to see how the trending is. Anyway, for this particular case, if you are interested, here is the information: (all times in EST)

1. Auction-1: Ended at $46.94, Sunday 5:03pm
2. Auction-2: Ended at $17.09, Thursday 9:41pm
3. Auction-3: Ended at $1.85, Saturday 2:40pm

If you have more data on Quibids, or would like to see some more data on products, do let me know.