The whole concept of www.GANNZ™.com is as usual, not without a story. Once upon a time, the founder of GANNZ, the anonymous geezer in the strange picture wanted to sell a computer. It was a lovely PIII, 256mb SD RAM, 20 GB HDD full multimedia computer that had served. To do this he (well Mr. Anonymous is a MR.) put up ads in the form of A4 typed fliers. Right the next day, i.e a Friday someone brought N14,000 for a PC which was offered at N20,000. Yet, for the love of cash our beloved PC was sold. The problem however was that, the Monday after the sale, another party came with N20,000 in Cash, for the sold computer. To make matters worse, another person offered N30,000 2 days after that.
The lesson from this story is simply put, Mr. Anonymous would have been better off selling to the “Highest bidder”. That is precisely where the idea to start an online auction came from.