IT.COM

domains OOMI.com Didn't Sell For $130,650

Spaceship Spaceship
I reported last week that the domain name oomi.com sold for $130,650 in a DropCatch.com auction. It seems that the winning bid was false, as the auction has been re-started at $59. In an email from DropCatch.com, auction participants were told:
Due to complications involving potentially fraudulent activity, one or more auctions you had participated in (oomi.com) are being restarted. All participants of the original auction are being included automatically with their initial bid placed automatically.

The initial auction was won by a user with the alias "eagleon". This user will no doubt be banned in accordance with DropCatch.com's policy.

In the original auction, there were three users bidding up to $130,000; two of which are still able to participate in the auction. It'll be interesting to see whether the domain name sells for anywhere near the price of the previous auction, or whether the auction participants will have been put off the domain due to the "potentially fraudulent activity" that DropCatch.com reported.

To place a bid on any auction over $59 at DropCatch.com, you're required to manually submit a form of identification such as a drivers license or a passport.

DropCatch.com can also ask to verify a person's identity in cases of high bid values and suspicious bidding. At this stage it isn't clear whether DropCatch.com implemented those verification processes during the course of the OOMI.com auction.

Update on Jul 9, 2015: The new OOMI.com auction has closed at $22,050

Update on Aug 7, 2015: OOMI.com is now owned by OOMI Smart Home according to its WHOIS record.
 
3
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
I have a feeling something a little more fishy was going on with the bidding. I can understand oomi home(as some have suggested might have been one of the bidders) willing to fork over that kind of cash for the name but come on two more people willing to pay that kind of money for a name that has little use to them?
 
0
•••
Yes. I agree - I've emailed DropCatch.com for a comment, so I'll update here if/when they respond.
 
0
•••
I was right about this one and was sure the payment will never be made for this auction last time.
 
3
•••
who was the other bidder who ramped up the price?
 
0
•••
Quite scandalous indeed if it turns out to be a shill bidder. Nothing new to DropCatch.
A good percentage of auctions I participate in on their platform get listed again because the final bidder did not pay.

Yep, figured.

I am 100% sure that DropCatch shill bids auctions up to as high as they can go, and when they are left holding the bag they just re-list the domain so that they know exactly how much the other party is willing to pay.

This happens so much that it's not even a guessing game as to "IF" they actually do that; they do.
 
2
•••
Im going to guess and say that out of the three bidders only one of the was real
 
0
•••
it takes two to tango, something is not right here...
 
0
•••
No!!!! Something going wrong here >:(
 
0
•••
lets see what happens tomorrow, lol
 
0
•••
Update: the new OOMI.com auction has closed at $22,050
 
0
•••
lol..I knew it wouldn't get anywhere near that number this time around. $22k is still pretty high, but sounds about adequate for such a name. IMO
 
0
•••
Drop catch should discourage such type of shill bidders
 
0
•••
Drop catch should discourage such type of shill bidders

Not just there but many of the auction platforms.

Shill bidders should at least be named and shamed with their real ID's
 
0
•••
0
•••
That is a big ouch really, the buyer of it has taken a huge risk imo because now it's reported all over that there's fraud involved with the domain even though it was not them.
 
0
•••
That is a big ouch really, the buyer of it has taken a huge risk imo because now it's reported all over that there's fraud involved with the domain even though it was not them.

The buyer is very likely one of the endusers so i doubt he cares about the domaining world rumors.
 
0
•••
0
•••
I think that's the buyer:) And the amount of links to the real usage will allow him to stay away from this Dropcatch fraud. They are number 1 on Google for OOMI. That's enough. So, this story stays only in the domainers circle.
 
0
•••
I hope so because if it is then they got it a lot cheaper than they could have. However looking though at the thread topic it speaks volumes about certain things doesn't it.
 
0
•••
Sounds like a happy ending to me.
 
0
•••
Or .... Take domain name and follow that up with fraud and google it. See what I mean now guys? I'm not saying more on this and notice I've been careful not to say actual names but this is a blog page .... See what I mean??
 
0
•••
Or .... Take domain name and follow that up with fraud and google it. See what I mean now guys? I'm not saying more on this and notice I've been careful not to say actual names but this is a blog page .... See what I mean??
You are right, following by fraud you find this thread. However, as a simple client looking for info about the company, this domain fraud means nothing. The majority of clients don't care about this part of business.
 
0
•••
UPDATE: OOMI.com is now owned by OOMI Smart Home according to WhoIs.
 
0
•••
Interesting post and comments!
@James: I suppose you haven't heard from the DC support?
I'm considering placing a b/o at DC but I've just discovered their ID verification policy and I'm not sure I want to send that type of sensitive information. Especially if this doesn't prevent shill bidding from happening...
 
0
•••
  • The sidebar remains visible by scrolling at a speed relative to the page’s height.
Back