It's the first car auction of its kind on website grabone.co.nz and to make it special the vehicle up for bids is a star from TV3's The Block NZ.
From today, the website will have Alex and Corban's Honda Jazz RS Sport CVT for sale in a reverse auction. Each day the price will be wound back by different amounts until the first person to hit buy gets the car. The auction will run until December 10, or until sold.
• Read more Honda delivers new Jazz
• Read more The Block eyeing apartment or bare land options
• Read more Block winners looking for new project
"The reverse auction is a new format for us and an engaging one for our customers," GrabOne's general manager Ryan Watkins said.
"Whoever buys this car is sure to get extraordinary value even if they are the first to yield."