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Godaddy domain auction question

   
4:29 pm on Apr 20, 2013 (gmt 0)

10+ Year Member



I came across a domain on Sedo for sale for $x,xxx. I just happened to type it into Godaddy to see what other extensions are available and I see it is up for auction and the current price is $xxx with no bids.

It is a fairly niche domain and I can't imagine that many other people would be bidding.

My question is, if I bid the minimum amount and I am the only bidder, will I automatically win the auction? I know it sounds like a stupid question, but I want to know if there is some kind of "hidden reserve" or is it possible for the seller to change their mind if they don't get many bids? Any other tips/advice would be appreciated.
5:11 pm on Apr 20, 2013 (gmt 0)

5+ Year Member



Is it in the currently running Great Domains auction at Sedo?
12:00 am on Apr 21, 2013 (gmt 0)

10+ Year Member



not that i can see. any reason why?
12:23 am on Apr 21, 2013 (gmt 0)

5+ Year Member



...any reason why?


If it is not in the Great Domains auction, which is currently running, it most likely is not even in an auction.

I have plenty of domains for sale at Sedo and when I search the domain name at GoDaddy it says - "Congratulations! example.com is at auction through Go Daddy Auctions®" - when I know for a fact it is not in an auction.

I do not know why GoDaddy says it is in an auction as opposed to saying it is for sale.

I came across a domain on Sedo for sale for $x,xxx. I just happened to type it into Godaddy to see what other extensions are available and I see it is up for auction and the current price is $xxx with no bids.


The $x,xxx. is probably the asking price and the $xxx is the minimum amount accepted for an offer.
2:20 am on Apr 21, 2013 (gmt 0)

10+ Year Member



That sounds weird.

"$xxx is the minimum amount accepted for an offer."

So if I bid this amount and I am the only bidder and thus winning the "auction", I might not even get the domain?
2:38 am on Apr 21, 2013 (gmt 0)

10+ Year Member



Ok, it says "Sale Type" - Offer/Counter-Offer.

So it seems like you aren't bidding on the domain in a typical auction format, but rather making an offer, which the seller may or may not accept, or more likely counter with a higher offer than what you bid.
4:19 am on Apr 21, 2013 (gmt 0)

5+ Year Member



with offer/counter-offr, the seller has to accept your offer for you to get the domain.

offers expire after a few days, so they are not hanging out there forever .