Dominion.Domains

Bidding on your own names at NameJet...?

Located in Domain Marketplace Reviews started by webquest, Jul 18, 2017.

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  1. Arca

    Arca Active Member VIP

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    Domain: FPTU.com

    Owner on 12 August 2017: Oliver Hoger
    sdfdsf.png

    Sold on NameJet on 19 March 2018 for $230. Won by "theplanet":
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    WHOIS record on 10 May 2018: Oliver Hoger
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    Domain: TVOB.com


    Owner on 10 March 2017: Oliver Hoger
    Screen Shot 2018-05-10 at 2.38.23 PM.png

    Sold on NameJet on 20 March 2018 for $280 Won by "worsthsl":
    Screen Shot 2018-05-10 at 2.39.11 PM.png Screen Shot 2018-05-10 at 2.39.41 PM.png

    WHOIS record on 10 May 2018: Oliver Hoger
    Screen Shot 2018-05-10 at 2.39.55 PM.png
     
    Last edited: May 10, 2018
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Arca

    Arca Active Member VIP

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    Domain: IFEV.com

    Owner on 19 May 2016: Oliver Hoger
    sdfsdfsdf.png

    Sold on NameJet on 22 March 2018 for $400. Won by "1stplacer":
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    WHOIS record on 10 May 2018: Oliver Hoger
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    Domain: NMOH.com

    Owner on 12 August 2017: Oliver Hoger
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    Sold on NameJet on 22 March 2018 for $343. Winner: stefanbid
    klwenrlkwenr.png kldjsfklsdjfklds.png

    After auction the domain is briefly transferred to Stefan:
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    Then transferred back to Oliver - Today's WHOIS record:
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    Attached Files:

    Last edited: May 10, 2018
  3. Arca

    Arca Active Member VIP

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    The domains that return to Oliver after he sells them are moved to world.com related email addresses (@europe.com, @dr.com) and then quickly moved back to Oliver right after that. @tonecas wrote about world.com recently.
     
  4. Addison

    Addison Established Member

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  5. Arca

    Arca Active Member VIP

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    Thanks, I guess he's just setting them up on his own then.

    I've written about another dubious NJ player here.
     
  6. forge

    forge zesty VIP

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    Last edited: Jun 25, 2018
  7. -EM-

    -EM- Top Member VIP ★★★★★★★★★★

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  8. anantj

    anantj Active Member VIP

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    I wonder by what logic did Namejet allow such high reserves. In the past, iirc, they have declined to list domains with unrealistic reserves! Any idea what makes this domain (pdca.com) worth a reserve between $25K and $50K?
     
  9. forge

    forge zesty VIP

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    Thanks for pointing that out, and similar to what @anantj has mentioned, there is no rational reason for such a high reserve on the other name, wzkj.com, or for pdca for that matter.
     
  10. Asfas1000

    Asfas1000 Active Member VIP

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    Does anybody know..... if reserve is NOT met, but the seller accepts the highest bid, is the high bidder required to buy at his bid price ?
     
  11. forge

    forge zesty VIP

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    I should certainly hope not, for the bidder's sake. But there's no way a marketplace could enforce such a thing, and in fact I doubt it could be done legally. When there's no reserve and the winning bidder doesn't pay, the next in line could be on the hook, but even that is dubious.

    When the reserve is so unusually high, I think that leaves too much room for silly games and antics, like what might explain the current $19,000 bid.
     
  12. Asfas1000

    Asfas1000 Active Member VIP

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    That's what I thought. So if the reserve is $50,000 , I can place a bid up to $49,999 with no obligation whatsoever.
     
  13. wwwweb

    wwwweb Top Member VIP

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    Clearly they know what’s going on, they have never even responded to the concise results people post here, yet their management lurks on the thread.

    Stop supporting them, don’t list, don’t buy.

    PDCA has been on the market for so long, I don’t know if it’s the same owner, but this is not at first time around.
     
  14. Grilled

    Grilled Be the change you want to see in the world VIP

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    The reserve is between 25,001 and $50,000

    Thus, the $19,000 bid for PDCA.com by TONY851 does not and will not count (nor is it binding).

    However, I believe the seller has the option to drop the reserve price to between $10,001 and $25,000 -- such as $19,001. A lowered reserve of $19,001 would be a next bid meets reserve scenario.

    That's my understanding.

    Looking at the sellers four auctions, TONY851 has the following bid timestamps:

    http://www.namejet.com/featuredauctions/AugmentedReality http://archive.li/XluEC

    PDCA.com 3/23/2018 7:33 AM http://archive.li/rw5yT
    (this domain was auctioned on NameJet in March '18. It did not meet reserve. $19,000 was the high bid)

    LAA.info 4/20/2018 8:10 AM http://archive.li/HoQpR

    WZKJ.com
    6/22/2018 7:03 AM http://archive.li/MaWBl

    ARETRADE.com
    6/22/2018 7:05 AM http://archive.li/cpI9p

    Additional info:

    upload_2018-6-24_23-16-4.png
     
  15. forge

    forge zesty VIP

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    That's right. I forgot about the ability to drop reserves while an auction is in progress. I've done this myself (not at NJ).
     
  16. Asfas1000

    Asfas1000 Active Member VIP

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    Can they drop the reserve to below $19,000, making the current $19,000 bid binding ?
     
  17. anantj

    anantj Active Member VIP

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    I believe they removed the next bid wins scenario of reserve reduction
     
  18. anantj

    anantj Active Member VIP

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    No
     
  19. anantj

    anantj Active Member VIP

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    Yup, this is removed. See http://www.namejet.com/Pages/press-releases/default.aspx
    Look at the PR dated Friday, July 21, 2017 with the title " Shill Bidding Update And Platform Improvements", item 2. However, they also use the weasely language that this practice is suspended until further notice. I do not doubt that NJ might reverse the policy without the actual notice (or at least displaying it prominently).

    Your question is also answered in the same point at the link above.
     
  20. Grilled

    Grilled Be the change you want to see in the world VIP

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    Last edited: Jun 25, 2018
  21. lock

    lock Traffic.tools VIP

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    No surprise now since domains are one of the biggest scam industries with domain registras in on act sending out email with the wording invoice to trick people into transfering out of feaar they will lose domains. No surprise that the big players of these businesses run every aspect of their business unscrupulously.
     
  22. anantj

    anantj Active Member VIP

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    I don't find the evidence in that post sufficient enough to determine if the next bid wins scenario has been reinstated. In the case of cpu.com, the high bid by hejako was ~$131K. The reserve was reduced to between 100K and 200K. As per this link - http://www.namejet.com/Pages/FAQ.aspx - the min bid that the next bidder could make would be ~$132K. The reserve, from what we can conjecture, could have been $199K or $133K or anything between these two. This means that the next bid wins scenario is still avoided but the reserve was lowered!
     
    Last edited: Jun 25, 2018
  23. Grilled

    Grilled Be the change you want to see in the world VIP

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    Fair enough.

    I'll post an exact example if I see one (or remember one)
     
  24. Want2learn

    Want2learn Upgraded Member Gold Account VIP

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  25. OmarVG

    OmarVG Active Member VIP

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    It seems the MASSIVE Shill Biding its NOT OVER, and for that reason I wont list any more of my Premium Crypto domains.
    The "general manager" should be Fired ASAP after this Massive Shill bidding Scandal. The real Owners of that marketplace must take action and change the employee that are the real responsible of this Massive Disaster. Time will tell...
     

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