Simple Cloan of telebid.com

I require a simple version of the auction website www.telebid.com. The concept is somewhat hard to explain. So it is probably best if you take a look around the website first before bidding. The website offers goods a low prices by incrementing the price of the products by a small price each time a user bids on it and increases the live auction timer by a set amount of time to give other users a chance of bidding. A bid cost the user a set price. The user can bid as many times as they like as long as they have sufficient bids left. The user buys the bids in a bundle beforehand and pays for any winning products if successful. I require the website to be fully paypal integrated. The site I require must work in a similar way, and by fully customizable in setting up actions etc. An other feature that is required would be a method of which users could set the site to bid automatically for them up to a certain price. As I said before the site required is similar as [login to view URL] but not as complexed. After satisfactory completion more work may also be available in the future on this site.