Domain Auction Systems & Proxy Bidding

[adder]

Hi,

I just started to use Tdnam.com aftermarket and despite reading all the FAQ, I cannot understand who the heck outbids myself in real-time.

I found a domain I kind of want, it showed number of bids - zero, current price $5. Ok, I registered my interest, it momentally says You are outbid. Enter at least $15. Ok, I did that. Bang! You are outbid, enter at least $25 and so on and so on...

Is it some kind of scam? How could it come from no bids and $5 to 4 bids and $35 in less than a minute time? :O

I am completely sure nobody else want this domain name as there is no market value to it... just my personal interest.

Any coments would be apreciated!

[Webwork]

"Proxy bidding" allows me to tell the bidding system that I am prepared to spend $#*$! and I authorize my bids to rise to that amount - but only if someone else bids on the domain.

Example: If the minimum bid is $30 and I am prepared to bid up to $100 I tell the system to automatically bid up to $100, in whatever minimum increments the bidding system requires, IF someone else is bidding on the domain. If you bid $40 the system will automatically raise my bid to $45. If you then raise your bid to $60 the system will automatically - as my "proxy" - raise my bid to $65.

[adder]

EEh! Thank you for your reply. How do I set up Proxy bidding for myself? Do I just enter my desired maximum in the bid field? Probably not, because then everyone would be able to view my bid...

[Webwork]

I don't use TDNam, but if it works like every other auction system, there will be instructions that explain how to set your "Max bid", etc.