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penny auctions (mander.xyz)

submitted 1 year ago by fossilesque@mander.xyz to c/historymemes@lemmy.world

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[–] DarkCloud@lemmy.world 78 points 1 year ago* (last edited 1 year ago) (2 children)

I'd think banks probably just have a reserve price these days (a minimum price they'll accept on the property).

[–] Hozerkiller@lemmy.ca 15 points 1 year ago (1 children)

"In other news an auctioneer was beaten to death by a mob of farmers today after not accepting a bid."

[–] DarkCloud@lemmy.world 6 points 1 year ago

We're gonna need more Luigis!

[–] cows_are_underrated@feddit.org 6 points 1 year ago

Exactly. Auctions usually have a starting bid.