I miss out again

The problem with not living in the States is that you miss out on some outstanding contests. However, I don’t think I’ll become a US citizen just so I can enter; at present I’m quite happy with my status as an Aussie who lives in NZ.
But it would be fun to go in for the lowest bid contest, which is a kind of inside-out auction. The person opening the bids starts at 1c, and so might several other people – no one knows what anyone else bids. The person who dares to go up to 2c or more, and is the only one to do so, becomes the ‘lowest’ unique bidder. And so it goes on until bidding stops. A further tricky aspect to this is that in spite of bidding in monetary amounts, you don’t actually have to pay anything at the end of the auction, if you’re the winner. And the prizes are real and substantial, from BMWs down to Motorola Razor cellphones. I’ve checked out the prizes a couple of times, and find it hard to choose what I’d most like to win.
There’s a charming young lady called Karen (if I caught her name right) who goes through the whole deal with you on a little video. Worth checking it out. If you live in the States (and the District of Columbia).