status-duplicate 278 Hours after last bid!

[MapleDots]

Seriously!

Will NEVER participate in an auction like that, a waste of time to check back over such an extended period of time.

 

[Haris]

There should be a rule that caps this at 48 hours. That’s more than enough time to bump and beg for more bids.

96 hours is better. imo

 

[Keith]

96 hours is better. imo

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.

 

[DOMAIN ILLUMINATI]

96 hours is better. imo

Wayyy tooo lesss

The rule should be that the owner should also in future be free to set the time he wish.
This is indeed fair, because whatever time he will choose, he will have to wait exactlyyy the same time like the buyer - so it is always also his own time (or: his own "advantage" or "disadvantage").

In his own interest, he most probably will choose the "right time", the time which he thinks is reasonable, no one have to understand his choice, it's his / her domain, thats it.

 

[MapleDots]

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.

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.

 

[DOMAIN ILLUMINATI]

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.

Primarilyyy it is simplyyy attention.
It's an individual viewww to label this as "negative" attention.
I don't see any negativity in individually chosen long auction - times, actually it is more a sign of freedom in many ways (freedom of time, money, thinking).

For me it seems more that you were never really interested in this domain / auction, I don't have the feeling that he lost a potential sale, it will not matter much to the owner if someone who is not really interested in his domain does not look at his auction.

I think if you would reallyyy have been interested in this domain, you would not have started this thread.

 

[Haris]

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.

I said the same thing somewhere on the forum about a year ago.

 

[johnn]

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.

 

[DNWon]

In my opinion 7 days should be the max. on a bump auction, because if you don't get a bid in a week chances are, you've maxed out your upside! I won't bid on an auction with a longer than a few days after last bid end time either. Longer auctions take up too much space on the "new post" queue as well.

 

[MasterOfMyDomains]

To funny. 10 days 10 hours after last bid
Far to long.
You can always get email alerts when there is a bid. Downside is you will get emails when some one post yaaaa or other stupid comments after each bid. Building their post count.
Some talk about that here somewhere too.
[ rest of comment deleted]

 

[JB Lions]

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.

 

[DOMAIN ILLUMINATI]

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.

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.

Your point about "not knowing the time of death" is a real argument - no matter how old or young someone is, this should always be considered.
But due the fact that we anyway can't take any domains into the grave / beyond, I have nothing against long auction times.

 

[EmpireNames.com]

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"

I know you are pointing me on this... but if we own domain and we are deciding hours after last bid we need more exposures ..because i have tried 72 & 96 hours already and my domain sold in loss
if you are not comfortable with time simple is dont bid and find other domain in 1USD .i have sold one domain last week in auction in 500 USD because of this lead time and i do my domains marketing on twitter and bring them to name pros to bid .My recent auctions have bids because of twitter even i asked them have you seen my tweet and they said yes so i would suggest you to find auctions of 72 hours and keep trying to win good names in 1usd last week one domain i sold in 1 usd which is very low because of low exposures and 72 Hours
I suggest all sellers to increase hours because you have chance to sell in good price and keep timeframe with you to bring outside customers to NP and try to sell in good price if you see my all domains they have more then 1500 views on each reason is i am doing marketing outside and telling them you can get best deal in NP so come register and bid

Thanks
Peace

 

[EmpireNames.com]

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.

Wrong imo 3N.info have few sales because these are total 1000 domains in 3N so how many will come?if you will check 3N.com how many sales namebio show you check you will have answer.
3N just come 1000 domains in each extension so i think sales record will be low always

 

[JB Lions]

Think you quoted the wrong person.

 

[EmpireNames.com]

Think you quoted the wrong person.

yes by mistake sorry

 

[equity78]

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.

 

[omarte]

Soon we will see auctions with : Auction ends : 8 months after last bid!

 

[DOMAIN ILLUMINATI]

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

 

[equity78]

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

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 shits 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.

 

[DOMAIN ILLUMINATI]

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.

I see - if there is a way to speed it up as bidder, then of course it is good.

True, the auction could indeed never end - but most probably it will end at some point, you just have to be consistent and patient and if you reallyyy like to get the domain, you will be consistent and patient.

An optional, added BIN or at least a higher increment would such auctions look more "customer friendly".
But if there is no BIN and only a low increment, then this is most probably in the sellers full intention (simply to get more attention / bids, he obviously has the time) and it is not unfriendly in my eyes, it is just what / how it is, a simple offer (to participate or not).

 

[loredan]

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?

 

[MapleDots]

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?

Haaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

I was thinking exactly the same thing

 

[domainventure]

I would vote for the rule to remain just as it is:

Markets are not meant to be efficient. Never was, never will be. We see right from the International trade wars to the local yard sale, some of these inefficiencies in effect.

I would also add that, if the markets were really efficient, we wouldn't be having domaining as an investment field.
OK. Let's take two examples here.
An average two word.com. Let's say there are 10 buyers who like to buy even average two word .com at low prices.
The seller starts auction with $1 start and increment by $1 and bid end time being 480 hours.
Of the 10, 4 guys lose interest right off the bat because of the ridiculous wait times to get the domain, should they be the winner, because who has the patience to wait for 10 weeks for a domain,correct? 6 other guys get in because it's just a buck. If anything, the moderating this auction will fall on the seller,the 6 potential buyers, and NP team. The rest are inconsequential.

Now take another example, more as a devil's advocate than anything:
A "naive" seller puts his LLL.com for $1 with $1 increment with bid end time being 480 hours. There are let's say 20 potential buyers for this including 6 really impatient (I am using this word a bit loosely but you get the drift) buyers who want the domain but don't care for the timing. So all 20 people are in play.The seller in his "naivety" thinks that a longer bid duration, would enhance his chances of selling a domain,more so than other marketplaces. So the market being inefficient as it is, is allowing for 6 impatient buyers a chance at a premium domain.

Free market is all about lesser rules???

Sorry for the long drawn post.

 

[JB Lions]

Just another way to look at it, think long term/perception. If you asked most people about ebay for selling domains, probably wouldn't get too many good reviews, for other reasons. If you have too many of these auctions, a lot of people might start to think, it's not even worth looking, it's just a junked up marketplace. Had to go 8 pages deep just for today, some of these auctions will hang out for months, just crowding things up. Think quality control.

Different from this topic, but this is that porn one, bumped today:

https://www.namepros.com/threads/porn786-com-with-lucky-no.1055135/page-5

Price - $ 9,999,999 only.

That should be manual review for prices like that.

 

[-EM-]

There should be some limitation, but 2 days are way to less. Not everyone desperstely bumps his thread twice a day. If there should be a limit, 5 days after the last bid should be enough IMO