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6666666.com now up to $99,999, will it get paid?

Labeled as auctions in Domain Industry News started by equity78, Oct 1, 2018.

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  1. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    Last week I wrote about 6666666.com (7x) at GoDaddy. 6666666.com is off to the races. It was up to $78,777 after 2 days. While that price seemed outrageous the auction has gone higher and now sits at $99,999 and closes today. GoDaddy educated everyone on the Dispute.com auction how fast payment needs to be made. This is the best case scenario closing on a Monday, so do you think this … [Read more...]

    @Joe Styler Have you guys verified this bidding legit?
     
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  2. Bros

    Bros Active Member VIP

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    I could maybe in some way understand that for 666666.com (6*6), but for that domain?
     
  3. DomainVP

    DomainVP Domain Expert VIP

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    Do you think this is going to get paid for?
     
  4. Joe Styler

    Joe Styler Aftermarket Product Manager GoDaddy Staff Afternic Staff PRO VIP

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    We verify all bids especially high value ones. There's two bad bidders on this auction. The bidders were banned from bidding again and other more secure steps were also taken but the bids were not cancelled as normally immediately follows. I can see we pretty much knew right away the bids were bad and then took action on any related accounts days ago. Normally bids are removed when we find a bad bidder immediately following us taking steps to make sure they cannot bid ever again on the auctions. This time the bidder wrote in once he realized he could not bid anymore and said he would send us payment for the amount up front to prove he's legit. That seems to also be false so we are walking back the bids. There's a similar situation with the other bidder. Bottom line we were watching this auction closely as was everyone else.
     
  5. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    Great thanks for the reply Joe.
     
  6. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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  7. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    30 bids removed and 3 bidders, $76,000 with an hour left.
     
  8. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    So what happened Joe $71,000 legit close?
     
  9. Joe Styler

    Joe Styler Aftermarket Product Manager GoDaddy Staff Afternic Staff PRO VIP

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    We took out any bids we thought looked bad before the auction ended.
     
  10. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    Right 35 bids and 3 bidders, a new bidder came in at the end, the new bidder #9 and he bid $71,000. So that's the close.
     
  11. urlurl

    urlurl Active Member VIP

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    @Joe Styler

    what about this one...

    a m a z o n c a r s .xyz 17 - - $33,510 * USD$ 4D 9H

    only 2 bidders, TM and .xyz !!!

    oh, and even better... it was reg'd less than 2 months ago!

    calling BS on this one
     
    Last edited: Oct 2, 2018
  12. Yan xhi

    Yan xhi Established Member

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    Hi @Joe Styler I have a question:
    If I bid on a domain $78000 and there is a fake bid of $90000 , then you 'discover' that the last bid was fake so you remove it and ban the bidder, must I pay?
    I am asking you because once I am no longer the highest bidder on a domain and I can't overbid, I move to another domain and invest my money there, now if you ban the fake bidder and you ask me to pay I will not pay because I don't have money anymore or I think that the fake bidder is from Godaddy (kidding) :) !!! In my opinion you should take necessary actions before (and not after) bidding in some high value domains !
     
    Last edited: Oct 2, 2018
  13. okmachan

    okmachan Established Member

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    Agreed.
     
  14. Vito

    Vito Media Branding LLC Gold Account VIP Trusted Contest Holder

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    I was going to ask this question on TheDomains. TheD and Twitter is where I was posting my thoughts and findings on this crazy auction.

    This is a legitimate question for sure. Especially in most normal auction situations where GD removes bids much earlier than the last 2 hours of the auction. If there is more bidding 20k over my highest bid and I am stopping at whatever my max is, I would be moving my money elsewhere and won't even watch the auction any further after getting knocked out. Even if it was 1k over where I wanted to bid, I am moving on and not looking back.

    Luckily in this specific auction, as GD kept removing bids, they went all the way down from 99.9 to 69.8 and someone came in last 20 minutes and bid up to 71k. But what if bidding stopped altogether? Would be very hard to get bidder 7, 8, 9 to pay up if they moved on.

    Great question Yan
     
  15. Joe Styler

    Joe Styler Aftermarket Product Manager GoDaddy Staff Afternic Staff PRO VIP

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    First these kinds of bids are rare as we have a bidder verification process and manual and automated checks. In the few cases that something slips through and we need to take manual action, most of the time you are held to your bid. We actively watch and ban people in real time so very quickly after you made your bid. This auction was an exception so there was a couple days more than usual.
     
  16. Vito

    Vito Media Branding LLC Gold Account VIP Trusted Contest Holder

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    Ok thanks for the answer. I see the word "most" in there which makes sense. I am sure there are a few gray areas with this such scenario.

    Lets hope this one goes thru and doesnt find more gray areas along the way.

    Thanks Joe.
     
  17. topdom

    topdom Established Member

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  18. topdom

    topdom Established Member

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    Namejet, dropcatch requires ID, agaist fraud. Ok then bidders also need to avoid fraud, and should be able to see eachothers' ID.
     
  19. Yan xhi

    Yan xhi Established Member

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    In my opinion, once you discover fake bids, you should cancel the auction and start a new one with legit bidders only, because if we are two domainers bidding on a domain, then the price reach $20000 for example , and you 'discover' that the other bidder is fake, I will not pay even $10000 because the price was artificially increased, and the right price should be my first bid in my opinion, you can't ban a bidder and keep his previous bids that participate actively in the final price.
     
  20. Joe Styler

    Joe Styler Aftermarket Product Manager GoDaddy Staff Afternic Staff PRO VIP

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    We don't keep the bids. All bad bids are erased when we ban someone which is why you noticed the price drop from 99k to 69k.
     
  21. Yan xhi

    Yan xhi Established Member

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    Yes I understood, but you don't erase the bids that participated in increasing the final price (the final price here is 69k not 99k) because if there were not fake bids, I am not sure that there would be a 69K bid, perhaps 20K, 30k, but not 69k, do you understand me? Sorry English is not my mother language :)
    I would like to say that the winner (69k) was encouraged to bid higher because of the fake bids.
     
  22. .X.

    .X. Name It Gold Account VIP ★★★★★★★★★★

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    This kind of sh*t happens to evil number domains like this one.
     
  23. Joe Styler

    Joe Styler Aftermarket Product Manager GoDaddy Staff Afternic Staff PRO VIP

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    We removed all the bad bids this also removed any bidding activity that would change the price. We went from 99K to 69K. We believe the bids that lead up to the amount it closed at are valid bids.
     
  24. Siddharth W

    Siddharth W Established Member

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    What about amazoncars.xyz Auction?
     
  25. .X.

    .X. Name It Gold Account VIP ★★★★★★★★★★

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    Interested in the final outcome of all this, my guess is lucifer bought the evil Number .com , that is a wicked evil .com . i wouldn't touch a domain with a 6 in it if someone paid me a million dollars to put in my domain vault, wont ever happen
     
    Last edited: Oct 5, 2018

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