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All Newbies Should Read This: Auction Etiquette

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The staff at NP's are all very honest people. They can usually tell if there had been anything "fishy" going on in an auction. They also have the ability to see every change made to any post. So they can see the history of all bids in an auction, if they need to look the history up. So they can see the entire history of an auction, if they need too. They can see every change you/we have made.

From the other side of the coin. If another bidder feels that there have been any kind shenanigans going on which has disadvantaged them, they will very quickly complain to the mods, who will investigate, as above.

There are also members who will privately report any oddities/rule breaking they see to the mods. And the mods encourage this because, the more pairs of eyes watching these threads, the better they can run these forums.

So. These forums usually run very smoothly most of the time.

There is nothing against NPs Rules in what I'm about to tell you. These forums are searched and saved by Google every day. Often within hours. Most NP's buyers, would prefer that the whole world, in perpetuity, cannot just do an Google search and find out that the domain they are negotiating to buy, maybe for $$$$'s was sold on NP one week or five years ago for say $10. It hurts the sellers chances of selling the domain, at their asking price.

So it's common practice/good etiquette after an auction is won and paid, for the seller to replace the title of the 1st post, which had the domain name in it with the word "SOLD" as well as all the content of the first post with the word "SOLD" as it also has the domain name in it. And generally, it is ill-advised for sellers to quote bidders posts with their bid prices, because it does make it that much harder for the seller to anonymize the thread after the auction is over. (If they even care).

You can't make some people to change their ways, or take care of other third party bidders. But many winning bidders prefer to erase all their bids from the thread. Their name is still in the auction, but not their bids. I don't hold many auctions. But generally, I give bidders 1 day to do this before closing the thread. Usually, most of the bidders which do this, do it immediately after paying the money. And just in case you didn't know, or have forgotten. You are required to close your auction threads after they are over. So as to keep the Auction Forum clean of all completed threads.
 
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AfternicAfternic
Hi I have an NP auction question. If I include "BIN TBA" in the terms and if the auction reaches a price I am happy with, is it legit to then edit the BIN to that price and post it as a comment and end the auction?
 
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Hi I have an NP auction question. If I include "BIN TBA" in the terms and if the auction reaches a price I am happy with, is it legit to then edit the BIN to that price and post it as a comment and end the auction?

No. The Buyer has to accept your BIN price. But I speak from experience. I am not a Mod.
 
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I'm confused... if the last bid was say $150 and I then change the bin to $150 that bidder has already made an agreement to buy at that price right?
 
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I'm confused... if the last bid was say $150 and I then change the bin to $150 that bidder has already made an agreement to buy at that price right?

Everybody in the auction has to have a chance to place the Sold at BIN. But don't argue with me. Argue with the Mods, @Amanda
 
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I'm asking not arguing...Thanks anyway!
 
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I did read the rules before posting here - sections 6.2.3 and 6.2.4
 
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I did read the rules before posting here - sections 6.2.3 and 6.2.4

It says right there in 6.2.3 that a BIN has to be accepted. Which means it cannot be imposed on the highest bidder.
 
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It says right there in 6.2.3 that a BIN has to be accepted. Which means it cannot be imposed on the highest bidder.
Hello,

This is one that may or may not need more clarification. While the rule does clearly state that a BIN has to be accepted, it does not state anything about being imposed. There are 2 ways that members seem to be translating that rule:

  1. A SOLD post must be posted after the new BIN announcement regardless if it's the same amount as a high bidder.
  2. A member that places a bid understands that their bid is a binding purchase agreement that may not be retracted and made sure that they had the funds to purchase in the event they win. A BIN being lowered to the high bid does not require a SOLD post afterward since the binding bid placed already acts as the acceptance. Otherwise, they wouldn't have placed a bid if they didn't plan on accepting a win.
With the above in mind, I'll bring this up the management team to see if more clarification is needed in the rules so that it's translated more accurately.

Thanks for bringing this to my attention.
 
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@Eric Lyon - Was this discussed at your management meeting. What was the conclusion.
 
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