The £180,000 apartment that is for sale to the lowest bidder

In a radical new kind of auction, this £180,000 apartment may soon be sold for a figure between £9,000 and a single penny. But is it too good to be true? Is there a catch? And how do we all sign up?



This is about a company called Humraz Auctions, who offer an affordable route to acquiring assets such as PROPERTY, GOLD and CASH. Unlike typical auctions where the prices start low and spiral up, with their auctions the prices start low and stay low.

To be successful, your bid must be UNMATCHED and the LOWEST when the auction closes.

I don't understand this.