Mezed, the online auctions site that was launched by Tunisian startup La Référence in mid-2007, and that seems to be doing pretty well, is expanding into the Italian market through its recent launch of an Italian version of the site called ‘BidBloom‘.
BidBloom, applies the same auctions system and logic used in the Tunisian site, as well as the new design that was recently introduced.
Mezed was previously reviewed here, with details about their system, and how their auctions system works, but in short the system used by it and BidBloom is as follows: Users get to buy a number of “bids”, that they then place on an item, raising its price by a certain predefined amount and adding time to the life of the auction. The winner then pays the final amount that was reached for the item.
But I still don’t get why an online service has to go on pause, and not enable people to bid whenever they feel like it.
# BidBloom