Read more.If the winning bidder for a domain name auction does not pay and the auction platform offers the domain name to the next highest bidder(s), the default bidder’s bids should be removed entirely. The platform should treat the auction as if the default bidder never existed. Otherwise, the platform would benefit from a default bidder...
-
→ We are performing maintenance. The site may be temporarily unavailable. ←
-
blog Auction Platforms Shouldn’t Benefit from Default Bidders
- Article starter News
- Start date
The views expressed on this page by users and staff are their own, not those of NamePros.
- Impact
- 10,371
Rick is right. The best is to rerun auctions when the main bidder defaults and start it from scratch. I think all auctions should not show what the username is of the person, show a 6 digit number and next to it the age of the bidders account and approximately how much they won if anything. We have a right to know what is going on. I suspect a serious amount of auction activity on all platforms are fraud.
- Impact
- 82,584
The problem with just giving it to the second bidder, with all the bids removed, is what Richard pointed out.
It's basically the @GoDaddy auction problem that has been going on for over a decade and has lead to all the rollbacks.
https://www.namepros.com/threads/godaddy-expired-auctions-can-be-tricked.1306045/
It seems like every domain auction format screws over legitimate bidders.
Last edited:
- Impact
- 3,338
The current arrangement is wrong.
But removing every fake bid and just handing the domain name to the second highest bidder after ALL bids from the defaulter has been removed is also wrong.
Best thing to do after the winning bidder defaults is to RUN A NEW AUCTION.
BAN the fake bidder and run a new auction.
Bidders with new accounts on want to bid on an auction the same day or recently after they opened an account may be mandated to verify their identity.
But removing every fake bid and just handing the domain name to the second highest bidder after ALL bids from the defaulter has been removed is also wrong.
Best thing to do after the winning bidder defaults is to RUN A NEW AUCTION.
BAN the fake bidder and run a new auction.
Bidders with new accounts on want to bid on an auction the same day or recently after they opened an account may be mandated to verify their identity.
- Impact
- 1,026
Agreed, platforms should escrow bidder deposits upfront to ensure accountability and genuine auction integrity.
-
drfarnsworth.com
- Buy Now
- $4,999
-
CanaanLandscaping.com
- Make Offer
-
SilverHotels.com
- Show Price
-
yourcallsign.com
- Make Offer
-
mdkj.com
- Make Offer
-
oxygencomms.com
- Show Price
-
metaverseomni.com
- Make Offer
-
SouthernBoots.com
- Make Offer
-
RussiaCoin.org
- Show Price
-
Sagen.co
- Make Offer
Similar threads
New posts ➔
-
The USA Political Thread- 444 posters
- Cannuck
Polls of interest ➔
-
What are your strengths as an investor?- 185 voters
- 26 replies
-
What's your domain portfolio size?
- 460 voters
- 134 replies
-
How do you think a potential buyer first checks if your domain is for sale?- 497 voters
- 52 replies
Hot this week ➔
-
AI vs. SI- 28 replies
- 16 points
-
Animated nP Landing Page Headers?
- 38 replies
- 35 points
-
The AI Domain Hangover Might Be Good for the Market- 14 comments
- 37 points
-
.Co domain registry nukes expired domain auctions- 13 comments
- 4 points
-
The Domain Community: S1 E6 - Explaining Domains to Grandma
- 13 replies
- 16 points
Hot this month ➔
-
Loading issues- 52 replies
- 5 points
-
-
What Separates Domain Investors Who Fade Away From Those Who Stay?- 37 comments
- 24 points
