Bidz.com

Bidz.com combines the markdowns of a dollar store, the format of an auction house, and the convenience of the Internet to bring sparkling deals to shoppers. The company buys closeout merchandise and sells it using a live-auction format, with $1 opening bids. It mostly sells jewelry, including gold, platinum, and silver items set with diamonds, as well as precious and semi-precious stones. Visitors can also find deals on electronics, apparel, and a range of collectibles (such as fine art, antiques, coins, and sports cards). In addition, the company operates Buyz.com, a fixed-price e-commerce site that offers similar items being listed for auction.