Dynadot Expired Domain Auctions

[sbweb]

Today, I won my first expired domain auction at Dynadot. I paid for it.

At this point I'm expecting them to push the domain into my account, but instead, they tell me I will receive it in 4 days IF the registrant doesn't renew it.

What??!

You mean to tell me Dynadot sells domains that aren't even eligible to be sold and even collects the money upfront?

This doesn't seem right.

I'd like to hear other people's opinion on this matter.

 

[Name Manager]

No problem with it, in my experience 80% of domains are not renewed and go to your account.
I am concerned only with the Marketplace Lock, within 15 days after the pushing domain in your account you can not push / transfer it.

 

[Domains - Wanted]

You mean to tell me Dynadot sells domains that aren't even eligible to be sold and even collects the money upfront?

Yep, exactly right!
This is standard operating procedure of all registrars running Expired Domains Auctions. They offer expired domains a few days shy of redemption. Once you win the auction, they renew the domain, but wait a few days until the date it would have gone into redemption to award it to you. They seem to work under the assumption the domain is free and clear at that point, i.e. the current registrant has no right to recover the domain during redemption period because they auctioned the domain off (sic!). They probably give the run around to any registrant attempting to recover the domain. If pressed hard, they would probably "recover" it from you and refund you the noney you paid... there are sure to be cover their ass provisions for that in the auction TOC

 

[sbweb]

Yep, exactly right!
This is standard operating procedure of all registrars running Expired Domains Auctions. They offer expired domains a few days shy of redemption. Once you win the auction, they renew the domain, but wait a few days until the date it would have gone into redemption to award it to you. They seem to work under the assumption the domain is free and clear at that point, i.e. the current registrant has no right to recover the domain during redemption period because they auctioned the domain off (sic!). They probably give the run around to any registrant attempting to recover the domain. If pressed hard, they would probably "recover" it from you and refund you the noney you paid... there are sure to be cover their ass provisions for that in the auction TOC

Actually, Namesilo doesn't operate this way. Once you win an expired auction at Namesilo, they push it to your account as soon as the auction time is over.

 

[Domains - Wanted]

Actually, Namesilo doesn't operate this way. Once you win an expired auction at Namesilo, they push it to your account as soon as the auction time is over.

Whatever. It's still legally and ethically wrong, akin to intellectual property theft. Many, otherwise ethical and law abiding people "justify" IP theft that they aren't really stealing "anything"... substantial, physical. This expired domain auction scheme is by far worse, as it is perpetrated by registrars, that is entities responsible for safeguarding current registrant's (read: our) domains, akin to notaries public, no less! What they are safeguarding is their greed for money by - to put it bluntly - "stealing" (for lack of a better word) and selling other peoples' assets. So, show of hands: who here entrusts Dynadot or Namesilo with their domains, huh?

Now, I would not question this, were they to renew the domains at their own expense and then wait and auction them off after redemption period ran out (to avoid any ambiguity, or at the very least were they to wait until redemption period would have started had the domains not been renewed by them). As things stand, they are con artists in my book, conning people into paying money for another registrant's asset behind said registrant's back.

What's fascinating and kind of funny, is how so many here, otherwise upstanding and ethical people, domain registrants themselves (sic!), happily partake in this scheme, complaining only about how unfair it is to them poor domainers, because the auctioneer (the registrar) makes so much money, while making no investment and taking no risk whatsoever

 

[AfterBreak]

Actually, Namesilo doesn't operate this way. Once you win an expired auction at Namesilo, they push it to your account as soon as the auction time is over.

namesilo is worse. when you took part in the auction and received an email "The domain has been renewed so the sale has ended."
it's a waste of time

 

[.X.]

The first time i won an auction at dynadot , I said the said the same thing, wtf! It is standard protocol, I have had the owner renew more than a few times there, as "Domain Manager" said above, 80% domain arrival into your account is pretty accurate, They have some good stuff there, so it is worth the wait imo

 

[.X.]

namesilo is worse. when you took part in the auction and received an email "The domain has been renewed so the sale has ended."
it's a waste of time

LOL, I get those everyday from namesilo, but they do have some very good inventory, you will hit some, just keep digging.

 

[golan]

Whatever. It's still legally and ethically wrong, akin to intellectual property theft. Many, otherwise ethical and law abiding people "justify" IP theft that they aren't really stealing "anything"... substantial, physical. This expired domain auction scheme is by far worse, as it is perpetrated by registrars, that is entities responsible for safeguarding current registrant's (read: our) domains, akin to notaries public, no less! What they are safeguarding is their greed for money by - to put it bluntly - "stealing" (for lack of a better word) and selling other peoples' assets. So, show of hands: who here entrusts Dynadot or Namesilo with their domains, huh?

Now, I would not question this, were they to renew the domains at their own expense and then wait and auction them off after redemption period ran out (to avoid any ambiguity, or at the very least were they to wait until redemption period would have started had the domains not been renewed by them). As things stand, they are con artists in my book, conning people into paying money for another registrant's asset behind said registrant's back.

What's fascinating and kind of funny, is how so many here, otherwise upstanding and ethical people, domain registrants themselves (sic!), happily partake in this scheme, complaining only about how unfair it is to them poor domainers, because the auctioneer (the registrar) makes so much money, while making no investment and taking no risk whatsoever

Well. Take it easy man. Look at this from this angle: When you come to a DD auction, their offer to you is not "You can have this domain if you put the maximal bid"; but rather "You can have this domain if you put the maximal bid AND the owner doesn't renew it. But we'll keep your money upfront anyway." Now, this is clear. Maybe it's not so fair and not so nice, but it's clear and honest. You know the rules, so take it or leave it. If you think it's unethical of some sort, just leave it.

 

[DomainVP]

Most expired domain auctions operate this way.

GoDaddy follows the same protocol.

Nothing different here.

 

[Domains - Wanted]

Well. Take it easy man. Look at this from this angle: When you come to a DD auction, their offer to you is not "You can have this domain if you put the maximal bid"; but rather "You can have this domain if you put the maximal bid AND the owner doesn't renew it. But we'll keep your money upfront anyway." Now, this is clear. Maybe it's not so fair and not so nice, but it's clear and honest. You know the rules, so take it or leave it. If you think it's unethical of some sort, just leave it.

Agreed. And, no, I don't partake. Never had. And I don't judge, I'm okay with it, just calling it what it is. Then again, I'm okay with drug trade, too. No, not partaking in that either, just, you know, taking it easy... living and letting live, man

And I do look at it from their angle, oh, but I do... my latest project? An ICANN accredited domain registrar! Been thinking about it for years, but only recently finally figured out how to go about securing sufficient business (read: tens of thousands of domain registrations monthly)

Most expired domain auctions operate this way.

GoDaddy follows the same protocol.

Nothing different here.

Exactly right. In fact, they are the GrandDaddy (pun intended!) of such, er, "innovative" practices, netting them, what, over one billion $$$ annually now? I believe their expired domains auctions account for a major cut of that pie... Go Daddy, Go!

 

[sbweb]

namesilo is worse. when you took part in the auction and received an email "The domain has been renewed so the sale has ended."
it's a waste of time

How is that worse? There's a chance of the registrant renewing their domain, no matter the registrar. My main point is that Namesilo pushes the domain to your account a few minutes after you win the expired auction.

 

[sbweb]

LOL, I get those everyday from namesilo, but they do have some very good inventory, you will hit some, just keep digging.

Man, Namesilo and Dynadot's expiring inventory blows GoDaddy out of the water.