Maybe I'm just mad I didn't think of it first.
So you pay for your bids (.60 per bid) they are penny auctions, so conceivably you could get something for .61 plus shipping.
My last look was an apple laptop going for around $150. So that's a whopping 15000 pennies times 60 cents, then you owe the $150 anyway and shipping to top it off!
So at close (assuming $150) the company collects $9000 (from bids) + $150 & shipping from the lucky bidder.
Beauty here is - they don't even need to stock anything. After the stupid auction they can go anywhere online - pay full price and drop ship it to the bidders house.
Oh, the name of the place is Quibids.