information GoDaddy to increase closeout starting prices to $50

Samer said:

Hope you're right.

Get ready for this post to be quoted in every Domaining blog

Scoop Plugged in You're the man. FINALLY!!

Unless you think it foreshadows it's demise, i hope you're right.
Why not announce it with the Closeout Price restructure? makes no sense

Samer

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equity78 said:

I spoke to Paul Nicks just now and it's not going away. No changes to the API.

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Thanks, for doing the extra leg work. My previous comments came from someone I know talking to Joe Styler, I guess things changed.

Then this whole process is for nothing then, HugeNames has no issue paying $50 all day in sniping the best. Godaddy is not interested in keeping a level playing field, but keeping in good with their largest partner/bidder, or whatever you want to call their relationship. I would assume HugeNames would be not to happy with losing their closeout sniping ability, and they would not want to make their largest auction buyer unhappy.

In the case you do happen to get brave and place a $12 bid, their auto bot, will sense it, and come bid you up into the hundreds. If you see something good, most likely it will be gone before you blink at $50.

So what good are we to Godaddy, we are simply click happy lemmings there to ensure HugeNames pays somewhat wholesale for the names they bid on. As most domainers have exited Godaddy as they don't want to sit there for hours on end, placing bids on a bot that resets the clock every 5 minutes, with min bids.

Lose Lose

If it is worth $50 : I'll pay $50. Not that high for antedrop.

But I don't see any thing good dropping to $5, $11 will be the trigger pull . If, if this is not a trend that they have foreseen and the aftermarket across the board is going up up up.

I just have issues with the whole idea. These are not GD's names; these are customer's names that for whatever reason (death) didn't get renewed. GD should be happy with just the renew price.

... why am I worried afternic is going to 30% - 35% soon?

Hankish said:

If it is worth $50 : I'll pay $50. Not that high for antedrop.

But I don't see any thing good dropping to $5, $11 will be the trigger pull . If, if this is not a trend that they have foreseen and the aftermarket across the board is going up up up.

I just have issues with the whole idea. These are not GD's names; these are customer's names that for whatever reason (death) didn't get renewed. GD should be happy with just the renew price.

... why am I worried afternic is going to 30% - 35% soon?

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i agree with you 110%, and they should be giving the money to the previous owners

where I'm from, if a house is power-of-sale, forclosure, etc - and the house is sold by the bank - the bank is allowed to take any fee's from it - but they must (if anything is left) give anything above that to the previous owners

not much of a difference with GD auctioning of expired names

urlurl said:

i agree with you 110%, and they should be giving the money to the previous owners

where I'm from, if a house is power-of-sale, forclosure, etc - and the house is sold by the bank - the bank is allowed to take any fee's from it - but they must (if anything is left) give anything above that to the previous owners

not much of a difference with GD auctioning of expired names

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Well there is a difference, you technically never own a domain name and on top of that when you fail to pay the renewal for the right to lease that domain name, you really have no rights.

GD Auctions hasn't been a level playing field for small time investors for several years. I gave up going after closeouts years ago mostly after HD (and other big investment firms) came into the space and left us with garbage. They already use their API bots to go after what they want during the GD auction phase. One guess of raising prices is simply demand. I've seen from bidding that there are far more bidders today than a few years ago. But I don't see GD doing this as a "one and done" strategy. This is just the first step. How long do you think the starting price pre-closeout will stay at $10/$12 especially when NameJet starts at $69/$79. I fully expect starting price at GD auctions will align to those prices after the dust settles....That may put the final nail on the coffin of most small/mid-size investors looking at GD. They will move to Dropcatch/Dynadot for now, but they'll follow suit I'm sure. Raising starting prices won't hurt any of these firms financially because the bulk of their buys come from the big players anyway. All it will do eventually is squeeze everyone else out but the players with substantial funds to invest with.

D Haynes said:

I move every name I can out. I used to only buy names at GD now I buy about 1 a year. GD auctions and closeouts are essentially a scam.

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if u call them scam u gotta call all auctions scam..because same rules and results apply everywhere

alcy said:

if u call them scam u gotta call all auctions scam..because same rules and results apply everywhere

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Its how you get to the results that's different. They allow some people/companies use of their API but most don't. The playing field isn't even.

this will take effect when ?

ecomslice said:

this will take effect when ?

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Feb 1

Today is February 2nd

just got a nice closeout at the standard 9$+renewal

so it seem they changed their minds about this increase in prices

UncleBrand said:

Today is February 2nd

just got a nice closeout at the standard 9$+renewal

so it seem they changed their minds about this increase in prices

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I hope so.
99.995% of good domains will be long gone before reaching closeouts, so this price increase will help no one other than helping Godaddy.

Still don’t get basis for if a domain doesn’t close at $12 in auction, how it can be worth $50
A few mins later.

If you notice a counter bid to your $12 bid shortly after it is placed after 7 days or so of no bids, by a similar party we should understand the game very quickly.

We spoke to soon, $50 closeouts are now in play. We should know better at this point.

GoDaddy become GoGreedy

wwwweb said:

We spoke to soon, $50 closeouts are now in play. We should know better at this point.

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Yes.. only for .com's

Domains Ted said:

Yes.. only for .com's

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Not really, I'm seeing .net, .cc, .co, .mobi etc. for $50 at closeouts.

I think godaddy is just trying to exploit the fact that hugenames will buy at whatever price anyways, so why not take advantage? closeouts have taken a dive in quality the past couple years, there was the backorder loophole and other weird stuff happening a year or two ago. So far I see no increase in quality in closeouts so if you still want them, pay more for the same leftovers or hope they will still be there when the price drops. Hugenames has ruined pending delete and godaddy auctions, closeouts. whats next? Whats left?

ok
so here come the crazy move from Godaddy
so i just checked for a domain at 50$, it will cost me 50+8.99+ taxes =71.38$ (21%taxes)

UncleBrand said:

ok
so here come the crazy move from Godaddy
so i just checked for a domain at 50$, it will cost me 50+8.99+ taxes =71.38$ (21%taxes)

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GoDaddy likes to add many layers to your purchase. What you initally thought you would pay ends up being much more. The 1 year of registration is often for much higher than the average registrar. And if you're using a different currency than USD you bet the price will be even higher.

Oskar P said:

GoDaddy likes to add many layers to your purchase. What you initally thought you would pay ends up being much more. The 1 year of registration is often for much higher than the average registrar. And if you're using a different currency than USD you bet the price will be even higher.

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On top of that the 1 year renewal you pay after buying from closouts is not full year of 365 days! You get something like 10 months only.

Perhaps now they can use this long-needed cash infusion to upgrade Afternic.

Or at least deliver Closeouts instantly, instead of 5 days to never.

Back to the API thing...do current API users pay a fee it? If not, then I don't understand why they don't just scrap it

@Hugedomains @GoDaddy

Thought I'd share another result of monopoly greed and need for never ending growth

For every action there is a reaction. But at what level are those at the top suppose to be content ?

Never in this sad world.

I am a Canadian living in the Philippines , I have a strategy that I take no profit from and have struggling third world hard working individuals create an income. This is dead now. Hugedomains is now registering abstract misspelled domains with low value from pending delete. This started Feb 2.

The strategy requires research and outbound . The domains only hold value to one entity and research is needed to avoid the numerous trademark risk registrations within these lists.

Hugedomains is now taking any and all. These domains are always under 1500 or 1k gd valuation , often abstract spelling of no valuable keywords and they are listing them for make offer or under 2k bin.

Congratulations Big Companies. Be proud.

well, i'm looking through tower... nothing in quality is significantly different.

some "maybe good" names i'm seeing.. but yeah... the $50 price tag is NOT affecting anything whatsoever lol

...well i mean, it's affecting my made up decision NOT to buy anything unless it's holy or something lol