status-resolved Excessive Namepros Auction End-Times

[Daniel Owens]

I recently saw some auctions with 4 weeks after last bid as end-time on namepros. They (staff) said open a thread about it so here it is:

" At this time there is no rule violation regarding the end time. I would suggest creating a thread in the NamePros comments and feedback forum regarding this issue with the end time so other members can also participate and management can review the suggestion. I hope this helps."

Should there be a rule against "excessive auction end-times?" What do you think of 4 weeks after last bid, should namepros allow that or not?

 

[Dan Beck]

Plus you've just got a bunch of free promo for your listing hahahah

 

[BRANDERX]

Plus you've just got a bunch of free promo for your listing hahahah

Well, that may be true, tho I'd rather not think of it in that sense. I'd just look opportunistic.

Glad someone else created the thread.

 

[DomainVP]

72 hours would get it done, 96hours is excessive. ESPECIALLY when there are 24 hour bumps permitted to raise your auction to the top of visibility.

GoDaddy allows 5 minutes from the end of an auction to get your bid in. What person can't get their bid in within three days???

 

[LamsuanlunT]

I think 3 days is quite sufficient. If one wants more than that, the sale can be posted in "make offer" forum or "buy it now". As long as it is open, it means the seller is looking for a better price(bid). Isn't that similar to waiting for the best offer? This is my personal opinion. Thanks

 

[imadoer]

I think 97 hours after the last bid should be the limit.

 

[Kenny]

From reading the posts in this thread so far, I can guess what I'm about to say wont be very popular.
Please understand this is my opinion as a member and not as a moderator and in my opinion it's really simple.
I'm just not comfortable having others decide how long my Auction should run.

The OP / seller now can and should always be allowed to set any end time they choose, it is their Auction.

The end time is clearly posted in the thread (as per NP rules) and if, as a potential buyer, you think the end time is excessive, pass it by or wait for a possible BIN that you feel comfortable with.

I appreciate others opinions, and I can see why in this particular instance the members / potential buyers would consider 4 weeks too long for the Auction to conclude, however, some members only visit a few times a month and the seller should have the opportunity to have their sale viewed by every possible buyer.

Daniel, you started the bidding knowing full well what the end time was, as did everyone else that bid.
Apparently you, and everyone else in that thread decided the name was worth the OP's posted options.

Now, I'm wearing my asbestos suit Ladies & Gentlemen, so flame away.

Peace,
Kenny

Edit:
I see that the OP has requested to change the end time to suit the posters in this thread.
Auction rules prohibit this action and it would be up to Management to make an exception in this instance.
I think that would be a mistake and set a bad precedent for future Auctions.

 

[BRANDERX]

From reading the posts in this thread so far, I can guess what I'm about to say wont be very popular.
Please understand this is my opinion as a member and not as a moderator and in my opinion it's really simple.
I'm just not comfortable having others decide how long my Auction should run.

The OP / seller now can and should always be allowed to set any end time they choose, it is their Auction.

The end time is clearly posted in the thread (as per NP rules) and if, as a potential buyer, you think the end time is excessive, pass it by or wait for a possible BIN that you feel comfortable with.

I appreciate others opinions, and I can see why in this particular instance the members / potential buyers would consider 4 weeks too long for the Auction to conclude, however, some members only visit a few times a month and the seller should have the opportunity to have their sale viewed by every possible buyer.

Daniel, you started the bidding knowing full well what the end time was, as did everyone else that bid.
Apparently you, and everyone else in that thread decided the name was worth the OP's posted options.

Now, I'm wearing my asbestos suit Ladies & Gentlemen, so flame away.

Peace,
Kenny

Edit:
I see that the OP has requested to change the end time to suit the posters in this thread.
Auction rules prohibit this action and it would be up to Management to make an exception in this instance.
I think that would be a mistake and set a bad precedence for future Auctions.

Kenny,

Thank you for your honest opinion. Please note, was never my intention to cause any disputes, honestly.

In any case, I everyone will be pleasantly surprised in a few days, because i'll be setting a modest BIN price.

Just trying to make a sale here ladies & gentlemen.

Thanks again Kenny

 

[creataweb]

@marcddd yes you can put a BIN to end it sooner assuming one wants to BIN it. Good luck.

 

[Kenny]

Kenny,

Thank you for your honest opinion. Please note, was never my intention to cause any disputes, honestly.

In any case, I everyone will be pleasantly surprised in a few days, because i'll be setting a modest BIN price.

Just trying to make a sale here ladies & gentlemen.

Thanks again Kenny

Hello marcddd,

You didn't do anything wrong so don't sweat it. It's your Auction and everyone that bid knew in advance what the end time was.
Everything posted here is opinion and it is up to Management to make a call.

Peace,
Kenny

 

[BRANDERX]

@marcddd yes you can put a BIN to end it sooner assuming one wants to BIN it. Good luck.

Of course I will. just a couple days or so..

Thanks

 

[wwwweb]

I would say 5 days is the max, things move quick in this space, a lot changes week to week.

 

[BRANDERX]

Hello marcddd,

You didn't do anything wrong so don't sweat it. It's your Auction and everyone that bid knew in advance what the end time was.
Everything posted here is opinion and it is up to Management to make a call.

Peace,
Kenny

Kenny,

Yes Sir, well said. Again, if the managements allows it, will do it.

thanks

 

[Name Trader]

Thanks @DanBeck.

Like I said, I voted no in the poll & I would reset it to a week if the MOD lets me.

Thanks to all. I wish I never set it to 4 weeks in the first place .

At least it looks like this will result in a new rule that seems to be attracting the majority here. a 7 day rule.

you would probably need the agreement of all bidders before NP's would make an exception and alter the terms of a valid auction.

 

[BRANDERX]

you would probably need the agreement of all bidders before NP's would make an exception and alter the terms of a valid auction.

Sure, wouldn't do anything without having it approved by the management. Again everyone, I believe this auction will end at BIN sometime early next week.

One thing is for sure, I will not set such end times again.

thanks,

 

[Name Trader]

Sure, wouldn't do anything without having it approved by the management. Again everyone, I believe this auction will end at BIN sometime early next week.

One thing is for sure, I will not set such end times again.

thanks,

So have you asked every bidder whether they would agree to shortening the auction time?

 

[Eric Lyon]

you would probably need the agreement of all bidders before NP's would make an exception and alter the terms of a valid auction.

Ya, that would likely be required at a minimum. The BIN option might be easier for everyone.

 

[Name Trader]

72 hours would get it done, 96hours is excessive. ESPECIALLY when there are 24 hour bumps permitted to raise your auction to the top of visibility.

GoDaddy allows 5 minutes from the end of an auction to get your bid in. What person can't get their bid in within three days???

Somebody who has no internet access for 3 days. For whatever reason.

 

[BRANDERX]

Ya, that would likely be required at a minimum. The BIN option might be easier for everyone.

Eric Lyon,

Noted, will set it in the next few days. I will.

Thanks

 

[Name Trader]

I think 3 days is quite sufficient. If one wants more than that, the sale can be posted in "make offer" forum or "buy it now". As long as it is open, it means the seller is looking for a better price(bid). Isn't that similar to waiting for the best offer? This is my personal opinion. Thanks

I don't think you should pollute the Make Offer or Fixed Price Forums with badly formatted Auction threads.

 

[Name Trader]

Ya, that would likely be required at a minimum. The BIN option might be easier for everyone.

If the BIN option hasn't already been set. I think whatever the BIN is set at is going to be set too high for anybody to accept it. IMHO. This auction is probably going down to the wire. Again IMHO.

 

[Silentptnr]

I agree that the length of an auction should be at the seller's discretion. Whether or not bidders like the set time will determine if they bid or not. I personally cringe when I see long auction times after the last bid.

(Is it within the rules to do a "pre-release" where interested buyers can pm a pre-release bid, then when the actual auction starts, only their bids are accepted?)

 

[Eric Lyon]

(Is it within the rules to do a "pre-release" where interested buyers can pm a pre-release bid, then when the actual auction starts, only their bids are accepted?)

Excellent idea!

I think it could be done, but it'd have to be all very clearly outlined and explained in the thread.

Here's a related post:

Another option is that sellers could handle the credibility vetting themselves, but it would be a lot of work on their part. However, there's nothing stopping a seller from doing this:

1. State at the beginning of the auction that everyone who bids must be approved by the seller before they can bid.
2. Buyers send a DM to the seller asking for permission, and the seller decides if the request is granted.
3. Seller keeps updating a list of approved bidders in the first post of the auction thread, and anyone who bids must be in that list at the time of their bid.

Hope that helps,

 

[Name Trader]

I recently saw some auctions with 4 weeks after last bid as end-time on namepros. They (staff) said open a thread about it so here it is:

" At this time there is no rule violation regarding the end time. I would suggest creating a thread in the NamePros comments and feedback forum regarding this issue with the end time so other members can also participate and management can review the suggestion. I hope this helps."

Should there be a rule against "excessive auction end-times?" What do you think of 4 weeks after last bid, should namepros allow that or not?

I think your poll isn't specific enough because, it won't provide any solutions to NP's Staff. From the results so far, it only shows that most NPer's think 4 weeks is too long. But doesn't provide any answer to the question... what should be the time limit on auctions be? Sure, they can read the posts, but that is a lot of work to digest all the posts, for already overworked staff, and isn't specific enough. There has been an overwhelming majority which state that 4 weeks is too long. But just over a handful of posts in this thread have suggested times of 3-10 days. Which, IMHO, is way too small a sample to come to any conclusion.

 

[Name Trader]

I agree that the length of an auction should be at the seller's discretion. Whether or not bidders like the set time will determine if they bid or not. I personally cringe when I see long auction times after the last bid.

(Is it within the rules to do a "pre-release" where interested buyers can pm a pre-release bid, then when the actual auction starts, only their bids are accepted?)

Am I missing something? Wouldn't setting/reducing a BIN solve the problem? This has been quite successful in most of the auctions I've participated in. Provided the seller uses it wisely. But not everyone knows how to do that.

However. Most auction platforms set a timetable for the length of an auction. Most domainers know that timetable for each venue. And decide to participate or not, in part, knowing the length of the auction.

I also think it is rather silly to be allowed to set an auction for 6-12 months, on what is mostly an immediate platform like NP's. Which is why I would be in favor of a time limit of 5-7 days. 10 days at a push, IMHO.

 

[Tia Wood]

It would be nice to have threads auto close after X amount of time that the OP can set via a dropdown. Problem solved.