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Banner Auctions

Banner Auctions

Size: 160 x 600
Position: Left side of all pages
Type: Static
Lifetime: Every 24 hours
Target audience: All users
Reward: Yes
Action required: Losing bids get 101% returned
Description: This advertisement spot is auctioned off to the highest bidder everyday. MTV holds auctions up to 30 days in advance for this spot. Bids are made in increments of 10% or $1 (whichever is greater). Losing bids are returned 101% of their original bid instantly! For example…

If John bids $10 for the ad spot for next Monday
One hour later…
Mary palces a bid of $11 for the same day as John
John instantly receives $10.10 to his account balance

All auctions end 24 hours before the day they go on display. However, if a bid is placed during the last 5 minutes of an auction, the auction does not close until 5 minutes after the last placed bid. This means that the auction can go on indefinitely, but it is extremely unlikely that it will be extended for more than a few hours due to the minimum bid increment of 10%

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