NameSilo

Bot at GD auctions, driving the price just below your maximum proxy bid ?

Labeled as discuss in Domain Buying and Selling Discussion, started by Primary Names, Jun 18, 2021

Replies:
24
Views:
585

  1. Primary Names

    Primary Names ****** xXx ****** VIP

    Posts:
    2,539
    Likes Received:
    3,927
    Wanted to ask this to fellow domainers who are active at GD auctions.

    Bidder 2739899 - I am calling it a bot, because I have crossed paths with this bot before and so did some others as apparent in this discussion. It was capable of putting a bid with only a few seconds left and had been doing it tirelessly for one and a half hour till it reached a couple of dollars below my maximum proxy bid.

    The domain I was bidding had 5 bidders in the beginning. The bot entered only after the price reached mid XX and then kept chasing my maximum proxy. For the last one and half hours it was just the bot that kept extending the auction endtime. While it kept pushing the price and auction endtime, the domain was visible to all human bidders for one and a half hours but not a single human saw the value in the domain expect the bot. This made me realize that I overvalued it and that it was a mistake in my judgement to put 3XX max proxy bid on it. Expensive lesson for me, I guess. Also, FYI it had a GD appraisal value of lower XXXX.

    How often does this happen ? I guess my question boils down to....

    Recently, has it been possible to win a domain quite below ( not just few dollars ) your max bid at GD auctions ?

    If this type of behavior or pattern is rare then I would assume I had been just unlucky. But if this has been happening to all of us, all the time then this is bad news.
     
    Last edited: Jun 18, 2021
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. noneisnone

    noneisnone 444 VIP Gold Account

    Posts:
    2,572
    Likes Received:
    2,030
    i swear it always happens to me I'm not paranoid not just godaddy every other auction place last time it happened at sav
     
  3. Primary Names

    Primary Names ****** xXx ****** VIP

    Posts:
    2,539
    Likes Received:
    3,927
    @noneisnone SAV has around a thousand miles to go before they could be called a reliable registrar but their auction is fair. Previously, I have won at least two auctions below my maximum proxy. AFAIR, there was a $50 to $100 difference between my maximum proxy bid and my winning bid.
     
  4. Samer

    Samer Top Contributor VIP

    Posts:
    10,808
    Likes Received:
    20,992
    Here’s an idea. Dont use Godaddy Auctions?

    Bots have took over for a while, we ID’d HD #

    Unfortunately, i suspect HD is isnt the only one

    Samer
     
    Last edited: Jun 18, 2021
  5. Primary Names

    Primary Names ****** xXx ****** VIP

    Posts:
    2,539
    Likes Received:
    3,927
    Obviously I wont once it is proved that it is happening to all.
     
  6. Samer

    Samer Top Contributor VIP

    Posts:
    10,808
    Likes Received:
    20,992
    It’s breathe of fresh air... Calling @wwwweb; called it, from the start, im interested to hear.

    Samer
     
    Last edited: Jun 18, 2021
  7. Primary Names

    Primary Names ****** xXx ****** VIP

    Posts:
    2,539
    Likes Received:
    3,927
    I too have been aware of their existence.
    Are you implying that Bidder 2739899 is an HD bot ?
     
  8. Samer

    Samer Top Contributor VIP

    Posts:
    10,808
    Likes Received:
    20,992
    Nooooo. I’m saying dont let your guard down.
    HD#’s ousted, doesnt mean not other entities
    Saying HD isnt only one (Wouldnt surprise me)

    This # you brought up could be rich guy or gal,
    or a bot who knows? Need more data analysis
    If it rings a bell with anyone... Let us know.

    Samer
     
    Last edited: Jun 18, 2021
  9. NickB

    NickB it's a mystery VIP

    Posts:
    5,294
    Likes Received:
    12,544
    If the bot don't beat you - the previous owner screws you over, many a time you win the auction but it gets renewed.....and if you win, you have overpaid........

    Godaddy Auctions is shite unless you have very deep pockets...
     
  10. Primary Names

    Primary Names ****** xXx ****** VIP

    Posts:
    2,539
    Likes Received:
    3,927
    Sure, it is not.
    I am just trying to determine if Bidder 2739899 or others like it are there to only drive up the price.
     
  11. Samer

    Samer Top Contributor VIP

    Posts:
    10,808
    Likes Received:
    20,992
    The #s hide ID.. If repeat offender, we’ll see!

    How obscene could it be?

    Samer
     
    Last edited: Jun 18, 2021
  12. Mister Funsky

    Mister Funsky Top Contributor VIP

    Posts:
    5,426
    Likes Received:
    20,859
    2139014
    913932
    913932
    913932
    913932
    1890745
    913932
    913932
    2139014 (second highest bidder was 913932)
    88150 (second highest bidder was 913932)

    These are the last ten auctions I've bid on and did not win. 913932 is the bot causing me trouble! :xf.smile:
     
    Last edited: Jun 19, 2021
  13. Primary Names

    Primary Names ****** xXx ****** VIP

    Posts:
    2,539
    Likes Received:
    3,927
    AFAIK, 913932 is an HD bot.

    Unfortunately most of the folks seem to be missing the point of this thread. This thread is not about whether there are bots in the auctions and point out who they are. Although, they are rampant at GD auctions and making a list of bots in order to recognize them is pointless because bot or not GD does not reveal the id of the auction participants, till the auction finished.

    This thread is rather about trying to determine whether these bots always makes you pay your maximum proxy bid amount all the time for all the folks. I know that when you put a proxy bid you are mentally prepared to depart with that money. But if this happens 247 to all the folks then it is quite obvious that the system is rigged for us common folks to overpay. As I made it clear that it does not happen at another platform and I was happy to save the money.

     
  14. D Haynes

    D Haynes Top Contributor VIP

    Posts:
    1,557
    Likes Received:
    3,425
    So essentially are you suggesting/asking that another bidder would/can somehow know what your proxy bid is? I mean if that was the case and could be proven that would be the end of GD auctions so I'm guessing it isn't the case. Maybe instead of making a proxy bid you bid in increments at the end of the action. That way you can stop when you like and you know that they can't possibly know what you're prepared to pay.

    I stopped using GD auctions long ago as it's clear they are more than shady and an fair playing field. I would whole heartedly recommend that nobody use them.
     
    Last edited: Jun 19, 2021
  15. tonyk2000

    tonyk2000 Top Contributor VIP ★★★★★★★★★★

    Posts:
    2,313
    Likes Received:
    3,942
    IF any auction participant, bot or not, is rewarded for being the 2nd highest bidder - then it would be in his best interest to make the winner pay his max. So, somebody may well to wish to become 2nd highest bidder (still risking to overpay should he end up being the winner). Such a scheme is not new. Some auction houses make it public. Does it apply to GD auctions? Who knows... Maybe under NDA agreements, for some bidders?
     
    Last edited: Jun 19, 2021
  16. D Haynes

    D Haynes Top Contributor VIP

    Posts:
    1,557
    Likes Received:
    3,425
    Isn't this just shill bidding and illegal?
     
  17. tonyk2000

    tonyk2000 Top Contributor VIP ★★★★★★★★★★

    Posts:
    2,313
    Likes Received:
    3,942
    I think it is not illegal. Shill bidding implies some inside knowledge, or bidding on own items. Not the case here. Especially, if there is a good legal team serving the auction house - all public terms, NDA agreements (if any) etc.
     
    Last edited: Jun 19, 2021
  18. D Haynes

    D Haynes Top Contributor VIP

    Posts:
    1,557
    Likes Received:
    3,425
    I guess it's a bit of a grey area. I mean if it was proven that an auction house was incentivising a 3rd party to bid up an auction without intending to win it then that's shill bidding as even though the item isn't the auction houses it still stands to gain from the greater commission payment. At any rate the solution is still the same - If you think you are being unfairly treated by someone, stop giving them your custom.
     
  19. tonyk2000

    tonyk2000 Top Contributor VIP ★★★★★★★★★★

    Posts:
    2,313
    Likes Received:
    3,942
  20. Primary Names

    Primary Names ****** xXx ****** VIP

    Posts:
    2,539
    Likes Received:
    3,927
    It is a possibility but I am not suggesting anything without a proof. Although, if enough people come forward saying that they have always ended up paying the nearest possible amount to their maximum proxy bid and it has never ever happened that someone has won the domain in say half or two-third of their max-proxy bid, then obviously it is a clear indication of foul play.
    For that to happen we will need to have plenty of time to keep staring at the screen. I believe most of us would be happy putting their max bid and then hope for the best, believing that the auction platform is a fair playing field.
     
  21. Primary Names

    Primary Names ****** xXx ****** VIP

    Posts:
    2,539
    Likes Received:
    3,927
    I have heard once about the "grey area" being an area where the most money is made.
    My point exactly. Maybe some form of shill bidding but still illegal by all means. I could experiment by participating in a ton of auctions but that would mean a significant amount of money at risk. Instead I thought I will ask the good folks here about their experience that could prove me wrong or otherwise.
     
  22. Ostrados

    Ostrados EpicName.com VIP Gold Account

    Posts:
    5,881
    Likes Received:
    2,875
    If this happened only once or just few times by different bidders then it is just a random event. But if others reported same thing then there is a pattern.
     
  23. Mister Funsky

    Mister Funsky Top Contributor VIP

    Posts:
    5,426
    Likes Received:
    20,859
    Oh yea...it is just one of the HD bots. I've found a pattern in the different bots (haven't checked it lately) and it seems different bots target different type/quality domains. Useless information really, just trying to get into their/its head.

    In another thread a while ago, I mentioned that I drove up pricing on purpose for fun and found a pattern in how high the bots go before a human intervenes. It was fun but the time it takes to 'play' with the bots is too valuable for me to give away so I moved on from that. There is a definite pattern when the bots stop and human jumps in (or at least there was) so it became like a video game to me.

    Without helping the competition (bots and their owners) there is a significant flaw in the way they operate...not going to say more as I want the error to continue.

    So, to get to the proxy bid part, I've won many names that never got close to my proxy bid. Also when able, I do the bidding 'live' to prevent any pre bid information being available. A big day for me is grabbing 5 names so I'm not bidding on a huge amount of names daily.
     
  24. Steve Andersen

    Steve Andersen Established Member

    Posts:
    471
    Likes Received:
    123
    I am constantly being bid to my proxies on GD, DropCatch, and SnapNames. But it is always the slow roll. I am at work during the time these things generally hit so If I want something I have to place a proxy bid. It seems like I am always the last one left bidding against the bot. But it is always a slow roll. They place one bid with a few seconds left to extend, the wait exactly 5 minutes. If I win its always within a few $$ of my proxy. if I lose its almost always one bid over my proxy. I can't think of any name I have every won with less than 75% of my proxy. On GD, I just don't bid anymore unless I really want a name. I simply wait and see if it goes to closeouts. I would rather pay $50 than. Try to bid on something at 12 and 6 minutes left only to see it go to $300-$400.
     
  25. Steve Andersen

    Steve Andersen Established Member

    Posts:
    471
    Likes Received:
    123
    I am not a fan of regulation by I would like to see all these places be externally audited to ensure the process is fair and equitable. I was also thinking about following names I know I lost to what I feel is a bot run up to see where they end up.
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:
biix
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...