Seriously!
Will NEVER participate in an auction like that, a waste of time to check back over such an extended period of time.
There should be a rule that caps this at 48 hours. That’s more than enough time to bump and beg for more bids.
The correct way would be to implement a timed system and at the end of x days the thread is locked and the high bidder wins.96 hours is better. imo
Wayyy tooo lesss96 hours is better. imo
The fact, that (t)his / these domains got attention just because of that long auction - time should especiallyyy considered by those who are criticising it.
Obviously a long auction time provokes attention.
Primarilyyy it is simplyyy attention.If you think negative attention is good then ok
Fact is I don't even look at his auctions now because I consider it a waste of time.
So the bad attention has lost him a potential sale because I no longer even look at his topics.
Now +1 that by anyone thinking like me and he is actually getting less traffic and decreasing his chances at a sale with the outlandish closing times.
The correct way would be to implement a timed system and at the end of x days the thread is locked and the high bidder wins.
So an auction runs for 7 days as an example and after 7 days expires the thread is closed and high bid wins.
At least I am aware of the difference between the "auction - time" and "the time after the last bid" - but at the end I always meant both times together as the "auction - time", that's the whole time until the auction ends indeed.People are confusing between how long the auction is and the hours after the last bid.
It's ok to have a 7 days auction but 900 hours after the last bid is ridiculous. Meaning when there is a bid you have to wait for 900 hours.
I am old and don't know when I will die so I never make a bid to that kind of auction.
Very annoying indeed. Even more annoying if the auction is also chosen in the 'promote your domain auction' on the main page. At this moment 2 out of 3 promoted auctions are held by 1 member and he set a 240-hour-after-last-bid. Meaning his domains could easily be promoted for a month if he receives regular bids. I've seen a thread recently where staff said there wouldn't be a change of rules "because some NP members only log in 1 or 2 times a month and those who hold auctions must be able to also bring their auction to this members' attention"
Feeling the exact same way. Does make the market look amateurish.
Also, the other section of the marketplace where you have that 1 dude trying to sell some porn657.com or whatever for like $10 million. That makes it look like some scammy ebay listing. You have to have manual approval for Top Domains, when you have something like this, maybe that should go thru manual approval as well.
yes by mistake sorryThink you quoted the wrong person.
I completely understand this point, this is clearly the core of the criticism.Here is the point people are missing, it's the after last bid, if you want to run a month long auction cool, the auction ends 30 days after it starts.
With this method you can wait 277 hours 59 minutes to bid just $1 more and start the clock over again.
Years ago there was an auction I was in, it was a much better name than this name, there was another bidder going back and forth with me, he was waiting til the last minute to bid $1 more, and start the clock over, I posted to the thread starter this auction will never end, because I will just now wait to bid just $1 more and this will play out for months. My point was I started out bidding $10 or more trying to get the auction going and either get a buy it now set or see another bidder show there interest by bidding more than $1 every 4 days.
It was worth it on this auction because I sold the name for $2,500 on Sedo months later.
Even with 48 hours on a popular name the bid can go on for weeks if there is a lot of interest in the name.
I completely understand this point, this is clearly the core of the criticism.
Of course it can be annoying to participate in such "flexible" auctions which have an "open end".
But no one forces you to participate.
Congrats at this point to your sale, isn't it a "sign" that just such an auction leaded you to success?
If it is the owner's will to chose a low increment, he will chose it in the awareness that he too has to wait with every new bid (so its his own "problem" too, he knows why he decided so).
It's his domain and therefore his decision and no one can enter it - it is actually complete absurd to think this is something which should be changed.
I just can accept his decision how he auctions it or I can leave it.
So however he styles his auction, we can assume the he knows whyyy
I see - if there is a way to speed it up as bidder, then of course it is good.Well I was not bragging about the sale, I meant that the name was a good name and I was still looking for it to speed up and after I posted what I posted it did not get strung out the way it had been, the person made their best bid and then I bid and then it ended.
The point is the auction could never end, I only need $1 to extend it for over a week in this example here, someone else for sh*ts and giggles might do it and then it becomes a joke.
The op can set a buy it now of course, but if it's $300 more than the current bid it could still take months.
It's funny how the guy with 300 hours after the last bid demands payment within 24 hours if someone wins his auction. How about you wait 300 hours for me to make the payment if I would wait 300 hours to see if anyone adds a dollar to the auction?