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the rediculous deals are just the company's bots winning it. and the moment you bid you get outbid by a bot most of the time unitl the price isnt so crazy anymore
so no and yes its a scam
No, it's a penny auction site. The biggest ones are Bidcactus and Swoopo. It is very legit, but you will lose a lot of money. You pay for bids, and they go up by 1 cent each time. Google "penny auctions" for how they work. You might win a 56" TV for "$100," but it took you $1000 in buying bids to finally win one of the auctions.