History
The channel launched as speedauction on 27 July 2005, replacing the original Screenshop 2 channel. The channel broadcast between 8am and 1am. Live rising price auctions were only available Wednesday to Sunday between 4pm to 8pm and 9pm to midnight. Pre-recorded auctions were available the remainder of the time. Between 13 October 2009 and 17 January 2012, the channel was also available on theThe flip of the arrow
In October 2005, the format of the channel was changed to purely focusing on falling price auctions. However, unlikeSummer 2009
In Summer 2009, it operated like its sister channels by selling products through themed hours meaning there were more similar products being sold during a time. Some of the themes included Electrical Store, Jewellery Extravaganza, Outlet Live, Fashion Store and Home Makeover. Sometimes the themes last up to four hours. In November 2009, the whole of the output on the channel was based on Outlet Live meaning the price went to a clearance price with quantities much lower than usual. Although after the Christmas period, they returned to their normal falling price auctions.Speed Auction (2011–2013)
On 1 August 2011, 'Speed Auction TV' changed its name to 'Speed Auction' dropping the 'TV' part of their name. Along with the new name, new buying graphics were introduced on all three Bid Shopping channels and new idents compromising of different 3D products flying around the new logo designs were shown. The new design was created to make buying easier for the viewer. At the same time as the new channel design, multi-buy was introduced on certain products where the viewer can select to buy more than one product at the same time (P&P is still applied to each item). On 1 February 2012, Speed Auction 'relaunched' with a new studio and the return of the gavel, although they still use the same falling price dynamic. This was dropped on 7 November 2012.Bid Plus and closure (2013)
In February 2013, Speed Auction changed its name to 'Bid Plus', after launching a new studio alongside updated graphics hiding the product quantities and using a green colour scheme in November 2012. At the channel's launch, promos making reference to 'Speed Auction Live' were still being broadcast, however by February 2013, the Speed Auction broadcasts were finally dropped. The auction theme was removed, and left the channel as fixed-price. The Speed Auction website was still available until March 2013. On 21 May 2013, it was announced that the Advertising Standards Authority (ASA) had referred Sit-Up Limited, who operate Bid Plus to Ofcom for consideration of statutory sanctions following repeated breaches of the UK Code of Broadcast Advertising. Ofcom has confirmed that it has accepted the referral. Since January 2012, there have been 33 ASA rulings against Sit-Up Ltd. The two main types of problem have been misleading pricing claims and misleading product descriptions. As of 1 July 2013, the channel and website were closed down for unknown reasons. On the empty channel, Teleshopping was broadcast. This lasted until 1 September when the channel closed. About 10 months after closure, Bid Shopping, the channels owner, went into administration, and the company's last remaining channels Shop at Bid and Price Drop were closed down with immediate effect with 229 jobs being lost.See also
* Bid * Bid Shopping * Price Drop {{Bid Shopping Bid Shopping Television channels and stations established in 2005 Television channels and stations disestablished in 2013 Defunct British television channels