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Domain Auctions - Rigged?

     
9:58 am on Oct 21, 2012 (gmt 0)

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As you can see Iím skeptical. I am interested in a domain with a .net extension and see it on the godaddy auction site. Itís held by NA MEDIA Service. Minimum bid is $5K which I have no problem with. Willing to go to $10K, butÖ.how realistic is this?
7:15 pm on Oct 22, 2012 (gmt 0)

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I would go for it I for one believe the domain business is soft and you will be in the hunt for sure. You will need to verify the ability to pay etc so if your really serious get verified and let us know the outcome.
9:35 pm on Oct 22, 2012 (gmt 0)

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Willing to go to $10K, butÖ.how realistic is this?

Depends on whether anyone can make the connection between your real-- i.e. domain-buying-- name and your screen name. Now that you've said in print that you'll go to 10K, they'll find a way to nudge you along to at least 12.
10:23 pm on Oct 22, 2012 (gmt 0)

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Thanks folks. The "auction" is going on for 45 days. I'm sure there's plenty of room for nudging there! Lucy, I kind of doubt that will happen unless I'm missing something?

Guess I better lay low eh? Thank goodness for WW as they never allow specifics to be mentioned. IE websites etc, but I'm sure if someone wanted to spend a few hours on it they might figure out what I'm seeking.

Btw, the so called auction is going on for 45 days. Ooops another hint. It's not like I'm foaming at the mouth on snatching it, but it's an option.

About these auctions? Does the selling price have to appease the seller? In other words, if they don't get XX amount of dollars, can they simply cancel it? There's no activity whatsoever and I have no clue when the auction started. Maybe some think it's crappy domain. Iím also skeptical on registering for now. I just donít trust anyone these days on the web. Oh, they probably have my IP now, but I do have AVG do not track on. But Iím sure there are gizmos to get around that?

I recall one domain seller a few years back. I did some searches on a domain or that were available and the next day they were gone. So much for trusting eh?
10:14 pm on Oct 30, 2012 (gmt 0)

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The owner set a price the lowest he would take if your willing to pay 10k for it I have a strong feeling the seller knows the value of the domain. If you really want the domain meet the min and move on with the domain.

Like I said I feel the market is soft but in your sector it could be red hot be smart and get her done. Let us know how ya do.
3:38 pm on Oct 31, 2012 (gmt 0)

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You never "get beat" (screw yourself) at auction if you never bid impulsively.

Set your budget. Stick to it. Walk away, if not happy, at least content - knowing you acted with discipline, according to plan / sound strategy / finance.

If the last bid was $10 more than yours KNOW that IF you acted impulsively you might have entered a round of bidding that could have ended with you spending thousands of dollars over budget. Practice the art of "don't look back".

Do I trust actions where "admin level" staff can see pre-set automatic bids? No, but that's a known risk. Bid late. Stick to your budget. That way you're less likely to look back and think "I overpaid".
11:26 am on Nov 12, 2012 (gmt 0)

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Good advice folks. I have no plans to do anything until the last day or so.
4:58 pm on Nov 12, 2012 (gmt 0)

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Minimum bid is $5K which I have no problem with. Willing to go to $10K, butÖ.how realistic is this?

There are a few different "types" of auctions on Godaddy. Buyer sets price, what they "hope" to get for it (usually over-inflated by thousands).

Then there are the "real" expiring domain auctions, where the bidders choose the price.