Bidding on your own names at NameJet...?

webquest · Jul 18, 2017

Once in awhile I see people bidding on their own domains at NJ. I would think it would be frowned upon.

Today's seems more obvious than normal. Or am I missing something here?

Airlinejobs.com owned by Andy Booth at Booth.com and high bidder is BQDNcom (James Booth).

3 bids down we see Boothcom as a bidder.

Same thing with MovieZone.com. Owned by Andy Booth in which he currently appears to be the high bidder.

High Bid: $2,475 USD by boothcom

They actually won their own domain airplanesforsale.com. Im guessing it didnt get as high as they wanted so needed to protect it.

Bidder Amount Date
bqdncom $2,001 7/17/2017 12:23 PM
boothcom $1,950 7/17/2017 12:23 PM

Arca · May 10, 2018

Domain: FPTU.com

Owner on 12 August 2017: Oliver Hoger

Sold on NameJet on 19 March 2018 for $230. Won by "theplanet":

WHOIS record on 10 May 2018: Oliver Hoger

--------------------------------------------------------------------------------------------

Domain: TVOB.com

Owner on 10 March 2017: Oliver Hoger

Screen Shot 2018-05-10 at 2.38.23 PM.png

Sold on NameJet on 20 March 2018 for $280 Won by "worsthsl":

Screen Shot 2018-05-10 at 2.39.11 PM.png

Screen Shot 2018-05-10 at 2.39.41 PM.png

WHOIS record on 10 May 2018: Oliver Hoger

Arca · May 10, 2018

Domain: IFEV.com

Owner on 19 May 2016: Oliver Hoger

Sold on NameJet on 22 March 2018 for $400. Won by "1stplacer":

WHOIS record on 10 May 2018: Oliver Hoger

-------------------------------------------------------
Domain: NMOH.com

Owner on 12 August 2017: Oliver Hoger

Sold on NameJet on 22 March 2018 for $343. Winner: stefanbid

After auction the domain is briefly transferred to Stefan:

Then transferred back to Oliver - Today's WHOIS record:

Arca · May 10, 2018

The domains that return to Oliver after he sells them are moved to world.com related email addresses (@europe.com, @dr.com) and then quickly moved back to Oliver right after that. @tonecas wrote about world.com recently.

Addison · May 10, 2018

Arca said:
The domains that return to Oliver after he sells them are moved to world.com related email addresses (@europe.com, @dr.com) and then quickly moved back to Oliver right after that. @tonecas wrote about world.com recently.

Those are free email addresses offered by mail.com:

https://www.mail.com/email/

Arca · May 10, 2018

Addison said:
Those are free email addresses offered by mail.com:

https://www.mail.com/email/

Thanks, I guess he's just setting them up on his own then.

I've written about another dubious NJ player here.

forge · Jun 25, 2018

Maybe this is the wrong forum, but again here's something at Namejet that to me raises a red flag. (see the bidding history)

http://www.namejet.com/pages/auctions/standarddetails.aspx?auctionid=4074621

-EM- · Jun 25, 2018

forge said:
Maybe this is the wrong forum, but again here's something at Namejet that to me raises a red flag. (see the bidding history)

http://www.namejet.com/pages/auctions/standarddetails.aspx?auctionid=4074621

Tony852 is the highest binder for 3 of 4 of his domains.

anantj · Jun 25, 2018

forge said:
Maybe this is the wrong forum, but again here's something at Namejet that to me raises a red flag. (see the bidding history)

http://www.namejet.com/pages/auctions/standarddetails.aspx?auctionid=4074621

-EM- said:
Tony852 is the highest binder for 3 of 4 of his domains.

I wonder by what logic did Namejet allow such high reserves. In the past, iirc, they have declined to list domains with unrealistic reserves! Any idea what makes this domain (pdca.com) worth a reserve between $25K and $50K?

forge · Jun 25, 2018

-EM- said:
Tony852 is the highest binder for 3 of 4 of his domains.

Thanks for pointing that out, and similar to what @anantj has mentioned, there is no rational reason for such a high reserve on the other name, wzkj.com, or for pdca for that matter.

Asfas1000 · Jun 25, 2018

Does anybody know..... if reserve is NOT met, but the seller accepts the highest bid, is the high bidder required to buy at his bid price ?

forge · Jun 25, 2018

Asfas1000 said:
Does anybody know..... if reserve is NOT met, but the seller accepts the highest bid, is the high bidder required to buy at his bid price ?

I should certainly hope not, for the bidder's sake. But there's no way a marketplace could enforce such a thing, and in fact I doubt it could be done legally. When there's no reserve and the winning bidder doesn't pay, the next in line could be on the hook, but even that is dubious.

When the reserve is so unusually high, I think that leaves too much room for silly games and antics, like what might explain the current $19,000 bid.

Asfas1000 · Jun 25, 2018

forge said:
I should certainly hope not, for the bidder's sake. But there's no way a marketplace could enforce such a thing, and in fact I doubt it could be done legally. When there's no reserve and the winning bidder doesn't pay, the next in line could be on the hook, but even that is dubious.

When the reserve is so unusually high, I think that leaves too much room for silly games and antics, like what might explain the current $19,000 bid.

That's what I thought. So if the reserve is $50,000 , I can place a bid up to $49,999 with no obligation whatsoever.

wwwweb · Jun 25, 2018

Clearly they know what’s going on, they have never even responded to the concise results people post here, yet their management lurks on the thread.

Stop supporting them, don’t list, don’t buy.

PDCA has been on the market for so long, I don’t know if it’s the same owner, but this is not at first time around.

Chris Hydrick · Jun 25, 2018

forge said:
Maybe this is the wrong forum, but again here's something at Namejet that to me raises a red flag. (see the bidding history)

http://www.namejet.com/pages/auctions/standarddetails.aspx?auctionid=4074621

The reserve is between 25,001 and $50,000

Thus, the $19,000 bid for PDCA.com by TONY851 does not and will not count (nor is it binding).

However, I believe the seller has the option to drop the reserve price to between $10,001 and $25,000 -- such as $19,001. A lowered reserve of $19,001 would be a next bid meets reserve scenario.

Asfas1000 said:
That's what I thought. So if the reserve is $50,000 , I can place a bid up to $49,999 with no obligation whatsoever.

That's my understanding.

-EM- said:
Tony852 is the highest binder for 3 of 4 of his domains.

Looking at the sellers four auctions, TONY851 has the following bid timestamps:

http://www.namejet.com/featuredauctions/AugmentedReality http://archive.li/XluEC

PDCA.com 3/23/2018 7:33 AM http://archive.li/rw5yT
(this domain was auctioned on NameJet in March '18. It did not meet reserve. $19,000 was the high bid)

LAA.info 4/20/2018 8:10 AM http://archive.li/HoQpR

WZKJ.com 6/22/2018 7:03 AM http://archive.li/MaWBl

ARETRADE.com 6/22/2018 7:05 AM http://archive.li/cpI9p

Additional info:

forge · Jun 25, 2018

That's right. I forgot about the ability to drop reserves while an auction is in progress. I've done this myself (not at NJ).

Asfas1000 · Jun 25, 2018

Grilled said:
However, I believe the seller has the option to drop the reserve price to between $10,001 and $25,000 -- such as $19,001. A lowered reserve of $19,001 would be a next bid meets reserve scenario.

Can they drop the reserve to below $19,000, making the current $19,000 bid binding ?

anantj · Jun 25, 2018

Grilled said:
However, I believe the seller has the option to drop the reserve price to between $10,001 and $25,000 -- such as $19,001. A lowered reserve of $19,001 would be a next bid meets reserve scenario.

I believe they removed the next bid wins scenario of reserve reduction

anantj · Jun 25, 2018

Asfas1000 said:
Can they drop the reserve to below $19,000, making the current $19,000 bid binding ?

No

anantj · Jun 25, 2018

anantj said:
I believe they removed the next bid wins scenario of reserve reduction

Yup, this is removed. See http://www.namejet.com/Pages/press-releases/default.aspx
Look at the PR dated Friday, July 21, 2017 with the title " Shill Bidding Update And Platform Improvements", item 2. However, they also use the weasely language that this practice is suspended until further notice. I do not doubt that NJ might reverse the policy without the actual notice (or at least displaying it prominently).

Asfas1000 said:
Can they drop the reserve to below $19,000, making the current $19,000 bid binding ?

Your question is also answered in the same point at the link above.

Chris Hydrick · Jun 25, 2018

anantj said:
I believe they removed the next bid wins scenario of reserve reduction

If I recall correctly, they stated they suspended the next bid win scenario. Then, as evident by examples I previously posted, it (or something similar to it) was reinstated.

See below post from December as an example of a seller lowering their reserve during an auction.

https://www.namepros.com/threads/bidding-on-your-own-names-at-namejet.1030874/page-63#post-6479225

lock · Jun 25, 2018

No surprise now since domains are one of the biggest scam industries with domain registras in on act sending out email with the wording invoice to trick people into transfering out of feaar they will lose domains. No surprise that the big players of these businesses run every aspect of their business unscrupulously.

anantj · Jun 25, 2018

Grilled said:
If I recall correctly, they stated they suspended the next bid win scenario. Then, as evident by examples I previously posted, it (or something similar to it) was reinstated.

See below post from December as an example of a seller lowering their reserve during an auction.

https://www.namepros.com/threads/bidding-on-your-own-names-at-namejet.1030874/page-63#post-6479225

I don't find the evidence in that post sufficient enough to determine if the next bid wins scenario has been reinstated. In the case of cpu.com, the high bid by hejako was ~$131K. The reserve was reduced to between 100K and 200K. As per this link - http://www.namejet.com/Pages/FAQ.aspx - the min bid that the next bidder could make would be ~$132K. The reserve, from what we can conjecture, could have been $199K or $133K or anything between these two. This means that the next bid wins scenario is still avoided but the reserve was lowered!

Chris Hydrick · Jun 25, 2018

anantj said:
I don't find the evidence in that post sufficient enough to determine if the next bid wins scenario has been reinstated. In the case of cpu.com, the high bid by hejako was ~$131K. The reserve was reduced to between 100K and 200K. As per this link - http://www.namejet.com/Pages/FAQ.aspx - the min bid that the next bidder could make would be ~$132K. The reserve, from what we can conjecture, could have been $199K or $133K or anything between these two. This means that the next bid wins scenario is still avoided but the reserve was lowered!

Fair enough.

I'll post an exact example if I see one (or remember one)

Want2learn · Jun 25, 2018

Well if Im going to get screwed . . .

Ftow dot com is only $72 usd with 1 hr 25 mins remaining.

http://www.namejet.com/Pages/Auctions/StandardDetails.aspx?auctionid=4074172&lt=myauctions

OmarVG · Jun 25, 2018

NameJetGM said:
shill bidding on NameJet

It seems the MASSIVE Shill Biding its NOT OVER, and for that reason I wont list any more of my Premium Crypto domains.
The "general manager" should be Fired ASAP after this Massive Shill bidding Scandal. The real Owners of that marketplace must take action and change the employee that are the real responsible of this Massive Disaster. Time will tell...

Bidding on your own names at NameJet...?

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