stub

Yesterday I was watching an expiring domain at GoDaddy Auctions. $12 with only a few minutes to go, no bids. But where I am in SE Asia its after midnight. I got distracted for 10 minutes. When I came back to the domain, the domain was gone. It looked like it dropped from the $12 price tag before it was snapped up. But the strange thing was it sold at $10 price, not $11 as you would have expected.

I was following another domain also. When that dropped from $12, it dropped to $11 as you would expect.

So what's with this dropping from $12 and being bought up at $10. Anybody else seen this phenomenom? Or have any explanation to what happened?

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scott_jay

I am not experienced in this particular Godaddy auctions, but I guess the potential $12 buyer has retracted his bid and so the highest bid was $11 or $10. Or maybe they discussed before and came to a deal.

4pm

..and sometimes you watchin domain on GD expiring auction, no bids, $12 start, some 5 to 10 hours left... you having a break for coffee and cigarette, get back in 30min to check your watch list - boom, auction closed, 1 bid received, domain sold at $12... i already had this strange issue several times (maybe 5 or 6, definately not 1-2) for the last 2-3 months.. am i missing something here?

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Ms Domainer

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If I really want a name and am willing to pay $12.00 for it (and if it has no bids), I wait for the very possible last minute to place my bid.

Otherwise, once it has a bid, it gets "eyeballs," and other bidders may jump in.

The other scenario: if the auction closes before its scheduled time, then it's likely that the original owner has reclaimed it (at a premium).

Also, you should be aware that the previous owner can reclaim a domain, even after you have won it, usually about a week.

I'm not sure if reclamation rights can extend beyond that, when the domain is already in the new owner's account. Maybe someone else knows the scoop on that.

I just wish that these registrars and auction platforms would just wait until after the original owners' rights for reclamation have expired.

The current system just feels icky.


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m-i-k-e

Could it have been a last minute backorder? It kind of sounds like it with the $10 price tag.

stub

@Ms Domainer GoDaddy transfer their sold auctions to the winner at Day 42 after expiry, when the original owners rights are expunged. Also. You can transfer out a domain at Godaddy (at reg fee) up to the time your rights are expunged. Much cheaper than paying their Redemption Fee

@m-i-k-e That's the only explanation that fits with me also. But it just "feels" a bit strange.

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Ms Domainer

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Thanks, Stub.

Good to know that once the domain is in your GD account, it's yours.

I have always been a bit nervous about that.



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zidane

Domain names at Godaddy auctions easily gets sold in a snap so I would suggest to buy it immediately before somebody else does. I guess we'll just have to get used to it and act really fast next time.

defaultuser

Godaddy closeouts used to immediately switch from Closeout Auction to Dutch Auction.

Now when the normal closeout auction ends the name "disappears" for some time - and then returns. I don't think there's a specific delay - just that it is a delay. This changed some time ago - probably because GoDaddy noticed a lot of people not bidding to get attention and then getting a $1 off 10 seconds after it flipped.
????: NamePros.com http://www.namepros.com/showthread.php?t=739433

This means if you want it you're likely better bidding at $12 than waiting for $11.

Once it gets to the dutch bid - it is removed from auction ANY TIME someone puts the name in their cart to give them time to pay etc. If their cart times out - it goes back to auction.

In other words by it when you want it. If you're really that bothered about $12 vs $10 you may as well skip it all together because you obviously don't have much faith in it.

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stub

forgive me defaultuser, but I thought the closeout auction was the dutch auction.

But I 100% agree with the sentiments of your post. For me, if I'm watching a domain about to end and wondering whether to wait for the dutch auction to start, I make the decision there and then whether I want the domain or not at $12. This, in addition to the problem with instant buyers in the dutch auction, also closes out any back-orders which might have been placed after the start of the auction

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seven

[QUOTE=stub;4228741]@Ms DomainerAlso. You can transfer out a domain at Godaddy (at reg fee) up to the time your rights are expunged. Much cheaper than paying their Redemption Fee
QUOTE]

Wait, so I'm up against the redemption period and all I have to do is transfer it out and renew it somewhere else?

I know that's what you just said but I'm having a hard time believing it so I have to make sure.

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4pm

according to ICANN rules if im not mistaken no changes (except restoring) can be made to a domain in Redemption status. so you cant transfer it out. in fact your registrar was already charged by Verisign/Icann for the nex year of registration upon domain falling into redemption. thats why you can see all domains in redemption status have 1 year till expiry in whois info. if/after a domain is deleted registrar gets moneyback. the only way to restore/renew is to pay redemption fee during 30 days.

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defaultuser

Yes. I meant switches from the "Expiring Auction" which is a normal auction with a $12 reserver... to the "Closeout Auction" which is the dutch auction.

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stub

@seven Have you never clicked on the Domains / Recover Expired Domains tab? There you can unlock the domain and request the transfer code as long as the status is "Expired - Recoverable" which it is until day 42 after expiry. Way after any Auction has closed. (Although I prefer to unlock the domains and get the auth codes for any expiring domain, just in case).

@4pm You are clearly wrong. I've done the process above many times after I've changed my mind about dropping a domain.

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defaultuser

You're talking about different things.

Once in REDEMPTION PERIOD the name is deleted from your account and it is held by Verisign. There is a fee to recover this name. This is what 4pm is saying.

If your name is auctioned you have some time between the end of auction and day 42 to get the name transferred - this is what Stub is saying.

On the 42nd day after expiration, we cancel your domain name. We delete all services associated with the domain name

It's not WAY after any auction - it's about 5 days

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