Finster, I hear what you are saying and it is true that this method is more in the favor of the seller, but if you see it from my way, these names are in my opinion great names and are worth way more then the current bids. The longer the auction goes for the more chances more people will view it and up the bids.
I already sold two of these names for $10.00, which is way below their value, I figured if we gave a couple of more days between the the bids the chances of increasing the bids will work. Nothing wrong with that in my opinion. I could put in BIN prices and maybe I will soon.