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debate Domainers Stealing Domains from Domainers

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Is it Ok to Legally Steal Domains Through Auction?

  • 1st

    Yes, 100% Okay

    42 
    votes
    59.2%
  • 2nd

    No, 100% Wrong

    14 
    votes
    19.7%
  • 3rd

    Yes, And I Don't Give a Fvck

    12 
    votes
    16.9%
  • 4th

    No, But I'll Do it Anyways

    votes
    4.2%

  • 71 votes
  • Ended 4 years ago
  • Final results

dande

Premium DomainsTop Member
Impact
1,981
Hey Folks,

This issue has been bothering me for a while now and I just needed to get it out for us to have a debate on it.

Why are Domainers so willing to steal domains from other Domainers?

I don't mean outright conventional stealing, I mean stealing through the auctions. We all have lost good domains to this scenario, and it keeps happening every day at Sedo, Namejet, and here at Namepros.

When someone set their auctions at $1 starting bid, they so to encourage bids, not to sell at $1. If we placed a $1 bid and the auction ended with no further bids, I think we are under moral obligation to confirm with the seller whether they are truly willing to sell at that price.

I mean, why would someone pay €59 to auction a name at Sedo and another Domainers takes the domain at $20 because the auction was set at a $20 starting bid? To me, it is morally unacceptable and should be discouraged. And I see this happening every day.

While we do not have control nor a say about what happens at Sedo and other private platforms, I think we should do something about Namepros. Won't it be nice if we confirm from a seller whether they are willing to sell at bottom price. Isn't it wicked and inconsiderate to aggressively enforce what seems to be your right in this case?

Anytime you sneak a domain at a low starting bid, lower below capital, you help push another Domainers out of business.

Note: I am not judging anyone nor accusing anyone of anything wrong. Just stating what I assume should be a standard in this industry.

So, let's have your own line of debate about what you believe and why. I also added a poll to help better understand what's the majority believes should be the case.

Happy Weekend!
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
He is not an only one, that happened to me few times.
And thanks to God a dominers who can recognize a potential was not here at right moment.

@dande - Thanks!

Now, lets face the truth here, if we set starting price $1 auction will get a bids, if starting price is higher $20, $30... very few people will bid and that is a fact.

Rules should be changed here on NP
As I said before, starting price $1 for all auctions and reserve price (if seller wish) would be solution.
Thank you for this point. Everyone is saying "set your starting bid at the price you want to sell" as if we don't know that already. The truth is that most auction will not get a bid if the starting bid is above $1. It's so suprising how many people here who can't reason beyond the obvious rules.
 
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Well I do realize some love to talk AdNauseam about certain topics, but the facts are:

  • Namepros management will not and cannot tell members what price to auction their names for.
  • They cannot influence bidding or selling habits in anyway.
  • There is no mechanism here for reserve prices, so that's out, there are certain features on a no fee platform that are not going to exist.
  • One needs to understand the psychology of auctions.
  • Several members run successful auctions here, so maybe those who are not need to look inward.

Here would be a fun exercise, can we get a look at some of the names where the buyer got a "steal" for $1? That would be interesting since the poll is not doing any good as most are opposed to the language used to create the poll. The tags kind of discredit the "oh I did not mean it as stealing" when it says domain theft and morally wrong.

So let's see those $1 bargains.
 
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Thank you for this point. Everyone is saying "set your starting bid at the price you want to sell" as if we don't know that already. The truth is that most auction will not get a bid if the starting bid is above $1.

Good domains get bids. If they don't get bids, they likely are not that good.
If you allow reserves all you are going to get is a cluttered auction forum with stupid reserve prices.

It's so suprising how many people here who can't reason beyond the obvious rules.

You basically accused people who simply win auctions of "stealing" domains and doing something immoral, but now it is others who don't understand "reason"?

Brad
 
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See GoDaddy is no fool you want to set a reserve price? We know a lot of bidders don't want to waste their time like @Bob Hawkes mentioned not knowing where a reserve is, but we want to accommodate both sides, and for the privilege of all that we will collect $4.99 a pop. How many want to pay @Paul Buonopane to code the tech for a reserve price?
 
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Here would be a fun exercise, can we get a look at some of the names where the buyer got a "steal" for $1?

So let's see those $1 bargains.

Interesting, but that will be a tough job because most of the auctions are gone and sometimes removed or edited.

I recently placed GoBreed.com and it ended at $2. Fortunely the winner backed out.
 
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See GoDaddy is no fool you want to set a reserve price? We know a lot of bidders don't want to waste their time like @Bob Hawkes mentioned not knowing where a reserve is, but we want to accommodate both sides, and for the privilege of all that we will collect $4.99 a pop. How many want to pay @Paul Buonopane to code the tech for a reserve price?
Count me in if it works well. There got to be something that really works and it won't be bad if full fledged auction page can be built in here. 4.99 a pop (I think) won't be a big deal.
 
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Well I do realize some love to talk AdNauseam about certain topics, but the facts are:

  • Namepros management will not and cannot tell members what price to auction their names for.
  • They cannot influence bidding or selling habits in anyway.
  • There is no mechanism here for reserve prices, so that's out, there are certain features on a no fee platform that are not going to exist.
  • One needs to understand the psychology of auctions.
  • Several members run successful auctions here, so maybe those who are not need to look inward.

Here would be a fun exercise, can we get a look at some of the names where the buyer got a "steal" for $1? That would be interesting since the poll is not doing any good as most are opposed to the language used to create the poll. The tags kind of discredit the "oh I did not mean it as stealing" when it says domain theft and morally wrong.

So let's see those $1 bargains.

I have sold here on NP .info domain for $4 and 2 weeks later I have sold that same domain on Sedo for 3000 EUR
 
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So
So, if the seller is not willing to let go at $1, then what? (If you don't mind my asking. Just curious here)
You graciously let the seller keep their domain. Do you think that too much to ask for?
 
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I have sold here on NP .info domain for $4 and 2 weeks later I have sold that same domain on Sedo for 3000 EUR

Of course and congrats, these are two separate worlds, I have bought names here as well for $100 at auction and then sold for $2,000.

Many names have been scoffed at by domain investors in a domain investors community that sold for big money in the real world. But to be fair that's not what this thread is about.

This thread is really, I want a free shot to auction names and if the closing price satisfies me I will take it, if not I don't want to sell the name, and I also want to say the winning bidder is stealing, morally wrong and a vulture.
 
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This thread is really, I want a free shot to auction names and if the closing price satisfies me I will take it, if not I don't want to sell the name, and I also want to say the winning bidder is stealing, morally wrong and a vulture.
A vulture is such a beautiful bird. You need to see it up close to admire it, especially the long neck. :xf.cool:
 
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You graciously let the seller keep their domain. Do you think that too much to ask for?

Yes you don't get a free shot, don't like that then spend $4.99 at GoDaddy a lot bigger place than Namepros and auction your names.

But really everyone's opinion is just that, just an opinion. If you auction a name at Namepros you have to pay for it if your bid is the high bid and you need to honor the sale if you are the seller. Failure to do so will be getting banned from the marketplace.

Either you have honor or you don't. No amount of but,if,well you don't understand will ever change that.
 
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Is this really a discussion ?
 
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The truth is that most auction will not get a bid if the starting bid is above $1

That means the domain is worth, in the wholesale world, a $1 or less. In that case, the owner/seller should be thankful he/she was able to recoup some of their funds (assuming someone bids $1 or higher).
 
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np's auctions are an adventure.adventure #1 last week i put up ii.fyi, got my $1 opening bid and a dm from the bidder asking about a bin and would i consider $150,i said yes. the next day he changes his mind and wants to let the auction play out. later that same day i get another dm letting me know he felt bad about backing out of the bin and he was upping his bid to $15. he said that when the auction was over i could just walk away from the transaction and he would keep it quiet. i said no if $15 is the highest offer then that is it.and it was,payment was made....adventure #2 i listed 2 4L .cos,bibb and bibs. 2 domains for 1 price (just like pizza). $20 min with $2 increments,no bids.i did get a dm offering $200 for the pair.considering the lack of action i said sure. no paypal in his country so he wanted to buy through dan. i said ok plus 10 % for commission. he wanted to save a few bucks so he said list 1 for $210 and just push the other into his acct. i said i will list each of them for $105. he replied 'ok list now'. i did. he sent another message stating that it's late now so he's going to bed ! and i should now change my dan listing to make offer and he will offer $105 each.next day i get a message that he made another buy at np so he was backing out of this one.then he says the reason he didn't buy was because when he searched the names it took him to the namesilo lander.i told him all he had to do was go to dan and type in the names and make the offer. he also said his card was maxxed out and i should contact him when he's able to use his card again. and so ends the story of my only two ns's auctions.
 
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This thread is misleading and totally 'if & but' discussion.
No one compelled you to start your auction for $1 and if you have a certain min price for the name then set it as starting bid. I have seen many auctions starting at $10, $15 etc and got good bids. Your auctions getting bids or not is completely different story and conditional.

And about the reserve price, IMO if reserve prices are mentioned vs starting bids, there won't be much difference in the bidding action. As i said auction biddings are based on many factors.

It is often said that NP is a platform where a domainer should sell his domain if he cannot sell it elsewhere and want to get his registration cost back.
 
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You're not getting the point. If it's not get any bids or just a $1 bid, then obviously domainers don't think much of the domain. It's not like domainers are picking up good domains for $1 here.
You're the one who is not getting the point. If you are not comfortable with selling the domain at auction starting price (which is, btw, set BY YOU, not by someone else), domaining, or any other buy/sell activity, is not for you. You'd better make carreer as tarot card reader: "What this guy actually had in mind when he set starting price at 1$..."

Thread title is at least missleading; it would be offensive if it was not ridiculous.
 
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That's why I said it would be nice to inquire from the seller if he's willing to let go at $1.

Simply put, it would be against namepros rules.

The highest bidder has to pay and the seller has to give the domain.

No marketplace can run without these rules.
 
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*domainers getting names for $1 that nobody else wants because the seller didn't want to set a higher starting price because nobody would pay it

fixed that for you
 
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The poll asks: "Is it okay to legally steal domains through auction?"

How does one legally steal something?
Carbon emissions taxes.
 
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As most other things in life, also Domaining is about TIMING.
Be at the right place at the right time.

Domainers are not stealing anything. They are buying and selling.
And it is all about TIMING.
 
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Thank you for this point. Everyone is saying "set your starting bid at the price you want to sell" as if we don't know that already. The truth is that most auction will not get a bid if the starting bid is above $1. It's so suprising how many people here who can't reason beyond the obvious rules.


funny_monkey_400x400.jpg
 
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It may not be ethically right but it is perfectly legal.

if you buy a domain at a price much lower than the fair wholesale price, by exploiting the seller ignorance about the domain value, then I consider this 100% unethical thing to do. But if you buy the domain super cheap through auctions, then the domain owner takes the full responsibility of what happened because he pre-agreed on starting bid and reserve price before starting the auction.

It happened with me once at a Namepros auction where I won an auction at low price ($10), I felt the domain worths much more than that, so I contacted the seller and told him that if he is unhappy with the final price then we can cancel the deal, and that I will not report him for that. But he strictly replied that he wants to respect the deal and go on with it.
 
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