auctions The $61,000 bidding war for ShopeeMall.com

equity78 · Jun 18, 2019

You don’t see this everyday, an expired auction where only two bidders participate and go back and forth for over 400 bids and a $61,000 closing price. That’s what just finished on GoDaddy auctions for ShopeeMall.com. A name registered in 2016 at PublicDomainRegistry. Owned by a company called MicroOrange Technologies. The name certainly does not […]

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offthehandle · Jun 18, 2019

Not as ridiculous, but late March, FamilyMart sold for $17,000. Also an Asian chain in several countries. Just rechecked to see if the end users have it, yet there is no “A” record. Lol.

DomainGuy86 · Jun 19, 2019

More proof Godaddy auctions are a scam. If I listed that in public auction...NO ONE...would of even batted an eye.

Huge Domains must of had two ai programs go awry.

All I see is a $61,000 mistake and two software engineers losing their jobs.

CJ6 · Jun 19, 2019

Don't bid on an auction with a cracked screen on a smartphone.

Darren C · Jun 19, 2019

Shopee is a large online retailer in Thailand and a competitor to Lazada Thailand ...coincidentally I was just looking on Lazada for a phone and on the home screen was a link to Lazmall though on mobile I think it showed as Lazada mall.....I see they are also selling in Phillipines so believe they are targeting most ASEAN countries

dande · Jun 19, 2019

DomainGuy86 said:
All I see is a $61,000 mistake and two software engineers losing their jobs.

Now, this is truly hilarious

dande · Jun 19, 2019

Probably the Shopee Mall is bidding against HugeDomains bot. That's the probable cause

lennco · Jun 19, 2019

As I mentioned on TLD Investors, In 2 days Bidder 2 will only pay $17 + renewal fee

When there are only two bidders in an auction and they both bid up a domain to such a huge number you know they both were trying to keep everyone else out of the auction, and I'll bet bidder 1 will fail to pay leaving bidder 2 to only pay $17

I could be wrong but I doubt it.

Hireinternet · Jun 19, 2019

Its all about godaddy

stay away from godaddy expiring auction .

LamsuanlunT · Jun 19, 2019

I wouldn't have paid $50 lol, Congrats to the winner hah

mAd MaX · Jun 19, 2019

Bidder 2's most bids are Auto Bids...does that prove its a Bot?

D Haynes · Jun 19, 2019

lennco said:
As I mentioned on TLD Investors, In 2 days Bidder 2 will only pay $17 + renewal fee

When there are only two bidders in an auction and they both bid up a domain to such a huge number you know they both were trying to keep everyone else out of the auction, and I'll bet bidder 1 will fail to pay leaving bidder 2 to only pay $17

I could be wrong but I doubt it.

This is plausible but there would have been no need to bid upto that amount if both bidders are working together. That name probably wouldn't have gone above 1K.

mAd MaX said:
Bidder 2's most bids are Auto Bids...does that prove its a Bot?

More likely a proxy bid.

mAd MaX · Jun 19, 2019

D Haynes said:
More likely a proxy bid.

What's proxy bid?

D Haynes · Jun 19, 2019

mAd MaX said:
What's proxy bid?

When somebody enters their max bid and the auction house automatically bid upto that amount. Saves them bidding in 5/10 dollar bids manually.

emadpino · Jun 20, 2019

ShopeeMall.com whois history says it is the same owner : MicroOrange !!!!!!!!!

offthehandle · Jun 20, 2019

emadpino said:
ShopeeMall.com whois history says it is the same owner : MicroOrange !!!!!!!!!

Maybe “new” owner just forgot to change the registrant info after plunking down $60,000. Lol. Another price discovery? If so, Has quite a collection of other crappy domains too. Getting tired of seeing so much apparently fake sales nonsense reported.

equity78 · Jun 21, 2019

offthehandle said:
Maybe “new” owner just forgot to change the registrant info after plunking down $60,000. Lol. Another price discovery? If so, Has quite a collection of other crappy domains too. Getting tired of seeing so much apparently fake sales nonsense reported.

Well the whois would not change yet anyway, plus Public Domain Registry might still allow renewal.

myfavorite · Jun 23, 2019

Such happens when a company is after an EMD, opportunities like don't come knocking everyday. You try to grab it when it's available and you can afford it.

asxforum · Jun 27, 2019

Looks like this was a genuine sale .

But what was the final price $61k ??

Avijit Roy · Jun 27, 2019

did the transaction happen?

equity78 · Jun 27, 2019

Avijit Roy said:
did the transaction happened?

No it looks like it was renewed on 6/22 same owner listed in whois, that's been the owner for years.

I have emailed @Michael so the name can be removed from Namebio.

Avijit Roy · Jun 27, 2019

equity78 said:
No it looks like it was renewed on 6/22 same owner listed in whois, that's been the owner for years.

I have emailed @Michael so the name can be removed from Namebio.

After watching such bid he might have renewed it, btw, how much he paid to renew it?

Michael · Jun 27, 2019

equity78 said:
No it looks like it was renewed on 6/22 same owner listed in whois, that's been the owner for years.

I have emailed @Michael so the name can be removed from Namebio.

Removed, thanks!

asxforum · Jun 28, 2019

So the $61k sales price was just a game?

mAd MaX · Jun 28, 2019

asxforum said:
So the $61k sales price was just a game?

What are the possibilities?

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