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GoDaddy auctions - 7 day vs 90 day

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Amphibia07

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Can anybody elaborate on the pros and cons of each, aside from just the number of days they are open?

The reason I am asking is because I was under impression that 7 days public auction will be much more popular. Because you know... who will be sitting on an auction for 90 days in a row. When I go to auctions I always sort by number of bids, or by closing date, as there is no point bidding on something 78 days until closing.

So I have downloaded their auctions to excel and quite surprisingly, about 90% of auctions are 90-day "offer/counter offer" type, 5% are buy now, and only 5% are 7-day auctions. This can be skewed because of keywords, but it still tells the picture that most people list for 90days and not 7days.

I am guessing that's because of simplicity and not having to relist each week. You just park it there and leave it hoping that an up-and-coming startup will magically enter the exact keywords of your domain and make you an offer. Then it saves time relisting them every week. Or is there any other reason - like 90 auctions being open to non go daddy registered accounts or something?
 
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