GoDaddy Auctions -- Discussion, Acquisitions, and Sales

[Ms Domainer]

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I searched the forum and could not find a thread dedicated solely to Godaddy auctions, which seem to be heating up lately.

I envision this thread as a place for discussion regarding YOUR sales and acquisitions, and general discussion about the auction venue itself, and, perhaps, some domain oddities that are popping up on the auction site, for example, high-priced domains that should be regfee.



One caveat, though: for your own good, PLEASE do not reveal your auction win (or anyone else's, for that matter) until the domain has landed in your account because the original owner still has the option to renew it, and I know how vexing that can be. In other words, don't count your chickens until they're hatched.

On the other hand, if you're having second thoughts about your auction win, by all means tell us all about it.

I suppose that if an auction win is high profile, it's already out there, but, still...

Anyway, I'll start with three comments:

1. I won my first (and maybe last) intentional typo, and it's getting clicks (no $ so far, though): Forwx.com. I could not find a live TM on this term, but one never knows. I have mixed feelings about this one.

2. I accidentally clicked on a BIN that I didn't want (I wanted the one above it), but I decided to honor the bid anyway. Grrr..., so be careful before hitting the submit button. It's not in my account yet, so I can't really reveal it right now.

3. Currently, there's a weird .co domain at over $9,000, with three bidders duking it out. Again, I don't want to reveal what it is, but if you go to the most active auctions, it's number 1 (as of this posting).​

Mods, I hope this thread is okay.



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[Jasonn]

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Under the new agreement, it looks as though registrants have 30 days to renew (according to ICANN), NOT 45 days.

So if Go daddy starts an auction on day 25, then the transfer out period should end 5 days before auction end.

PERIOD.

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they are saying the minimum should be for 30 days for redemption period, not stating there is a maximum of 30 but this has nothing to do with what happens with domains in godaddy auctions. domains sold though godaddy auctions never actually go into a real redemption phase unless they don't sell. only then do they actually go into redemption. even though godaddy calls it redemption and charges a fee for it, its not actually in redemption status, just the grace renewal period. you can't auction domains in true redemption status. what the are trying to do is stop some smaller shady registrars who take domains away either right after expiring or not offering a redemption grace period.. so this has nothing to do with what godaddy does although you could argue that domains sold though auctions have no true redemption period so technically they should allow registrants to redeem the domain for 30 days after the auction ends.

---------- Post added at 03:05 PM ---------- Previous post was at 02:58 PM ----------

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I love the way when someone transfers an expired name out of Godaddy (after someone else has won an auction on that name), the name almost always goes into privacy mode.

Guilt? Fear?
The name in question is Spacell.com, transferred to Namecheap under privacy. It was a BIN domain, so I would not be buying it on the aftermarket. Good luck with that.

I look forward to the day when this practiced is stopped. It's one thing to transfer a name out before it goes to auction, but these #&*$%$#$ are time wasters and end up costing others money (interest that could be earned).

Meanwhile, I plan to reveal every name that I lose in this manner (unless the owner has paid the premium--pain enough, I suppose).

Rant over for now.


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you should be so lucky that domains are even allowed to be auctioned off. if the registrars actually followed icann regulations, they wouldn't have auctions.

 

[lennco]

so this has nothing to do with what godaddy does although you could argue that domains sold though auctions have no true redemption period so technically they should allow registrants to redeem the domain for 30 days after the auction ends

Oh the horror that would be

you should be so lucky that domains are even allowed to be auctioned off. if the registrars actually followed icann regulations, they wouldn't have auctions.

Without out auctions my business would be cut in half
I love my auctions

 

[Ms Domainer]

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Shaking my head...

There is currently a domain on auction that is well into three figures, and I'd be surprised if it were worth more than $50.

I'm not going to name the domain because of that damn renewal possibility (which may happen anyway), but it's a clear case of the lemming effect.

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[Rich]

I see this all the time at GoDaddy, there is really no shortage of buyers there, it seems like. People will get into bidding wars for the most random names you yourself would never buy, lol.

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Shaking my head...

There is currently a domain on auction that is well into three figures, and I'd be surprised if it were worth more than $50.

I'm not going to name the domain because of that damn renewal possibility (which may happen anyway), but it's a clear case of the lemming effect.

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[Name Trader]

It's correct to say that GoDaddy has become much more competitive over the last couple of years. You can't win a domain with an initial $12 bid anymore. Heck. Even if your bid is $50, you will almost always be outbid. It's a dog-eat-dog world out there in GoDaddy-Land. This is very inconvenient for me since auctions are closing from 12 midnight to 5 AM over here in Asia. And I like my beauty sleep I used to win most of my domains bid on with my proxy bid. But now I'm losing 80-90% of them.

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Shaking my head...

There is currently a domain on auction that is well into three figures, and I'd be surprised if it were worth more than $50.

I'm not going to name the domain because of that damn renewal possibility (which may happen anyway), but it's a clear case of the lemming effect.

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[lennco]

What is the longest time you waited for a buyer to send payment to Godaddy for a domain purchase?

I sold a domain on Monday at Godaddy on a Buy Now and it is for over $3k so Escrow.com is being used, but the buyer has yet to send payment.

On Godaddy the Status says - Escrow - Parties Accepted
On Escrow.com the Status says - The Buyer has to select a payment method

This is the first time for me that a domain has sold for over $3k on Godaddy auctions. I have sold domains before for over $3k but just not on Godaddy.

So if anyone here has sold a domain for over $3k on Godaddy, how long does a buyer have to send payment?

Thanks

 

[Jasonn]

What is the longest time you waited for a buyer to send payment to Godaddy for a domain purchase?

I sold a domain on Monday at Godaddy on a Buy Now and it is for over $3k so Escrow.com is being used, but the buyer has yet to send payment.

On Godaddy the Status says - Escrow - Parties Accepted
On Escrow.com the Status says - The Buyer has to select a payment method

This is the first time for me that a domain has sold for over $3k on Godaddy auctions. I have sold domains before for over $3k but just not on Godaddy.

So if anyone here has sold a domain for over $3k on Godaddy, how long does a buyer have to send payment?

Thanks

it all depends on the buyer. could be 1 day could be a few weeks. i think at the one month point if godaddy hasn't been able to contact the buyer they cancel it. i wouldn't worry yet though. its typically a slow process.

 

[JB Lions]

What is the longest time you waited for a buyer to send payment to Godaddy for a domain purchase?

I sold a domain on Monday at Godaddy on a Buy Now and it is for over $3k so Escrow.com is being used, but the buyer has yet to send payment.

On Godaddy the Status says - Escrow - Parties Accepted
On Escrow.com the Status says - The Buyer has to select a payment method

This is the first time for me that a domain has sold for over $3k on Godaddy auctions. I have sold domains before for over $3k but just not on Godaddy.

So if anyone here has sold a domain for over $3k on Godaddy, how long does a buyer have to send payment?

Thanks

I thought they did that inhouse now? And $5000+ goes to Escrow.com.

"If the domain name sells for less than $5,000 we process the transaction in-house through Transaction Assurance. We process domain names selling for $5,000 or greater through Escrow.com, an escrow service that subtracts processing fees

f r o m t h e s e l l e r 's p r o c e e d s."

One of those 4 words is causing NP not to let my post go thru for some reason, so I had to put spaces in between them.

 

[equity78]

Why is escrow being used I thought they changed to $4999 and under they would handle.

Paul Nicks who said that it was now raised to $5,000 for Escrow.com. This makes the process easier as it requires less steps for sales up to $4,999.

Transaction Assurance — The buyer pays for the domain name at Go Daddy Auctions, and then Transaction Assurance verifies the funds within five days. The seller can contact Go Daddy Auctions at (480) 505-8892 to verify the buyer has made payment.

---------- Post added at 02:15 PM ---------- Previous post was at 02:15 PM ----------

We were thinking alike JB

 

[lennco]

Thanks guys,

I never said what the price was of the sale was, I found something on Google that had said the threshold was $3000, maybe it is $5000 now.

I was just using the $3000 threshold that I found as an example, the actual sale is much higher the $5k

 

[equity78]

Oh ok congrats. It can take some time, I just had to tell Sedo to cancel a transaction that came from Go Daddy, they said we told Go Daddy to send another reminder, how long are you willing to wait ? It had been over 3 weeks.

 

[lennco]

Oh ok congrats. It can take some time, I just had to tell Sedo to cancel a transaction that came from Go Daddy, they said we told Go Daddy to send another reminder, how long are you willing to wait ? It had been over 3 weeks.

I guess I am spoiled, my buyers have always paid up fast except for the deadbeat ones that never paid.
I have had to wait for funds to clear but the buyer has always ponied up pretty fast

 

[Ms Domainer]

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I was told that when a Godaddy sale is over $5,000, it goes through Escrow, with Godaddy paying the escrow fee. Has anyone heard anything different?

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[johname]

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I was told that when a Godaddy sale is over $5,000, it goes through Escrow, with Godaddy paying the escrow fee. Has anyone heard anything different?

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Yes, the domain seller pays the full escrow.com fee.

 

[Jasonn]

Thanks guys,

I never said what the price was of the sale was, I found something on Google that had said the threshold was $3000, maybe it is $5000 now.

I was just using the $3000 threshold that I found as an example, the actual sale is much higher the $5k

sweet sale! congrats!

 

[lennco]

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I was told that when a Godaddy sale is over $5,000, it goes through Escrow, with Godaddy paying the escrow fee. Has anyone heard anything different?

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I wondered that also so I called Escrow.com and they said all escrow fees are paid by Godaddy, it comes out of the 10% commission fee Godaddy charges.

I think that is petty cool

---------- Post added at 05:11 PM ---------- Previous post was at 05:09 PM ----------

sweet sale! congrats!

Thanks, just have to wait and see if it actually goes through

 

[Name Trader]

Even without knowing the domain, NICE Sale, lennco.

 

[johname]

". We process domain names selling for $5,000 or greater through Escrow.com, an escrow service that subtracts processing fees from the seller's proceeds."

I can state that this is how it is for me.

10% chopped off by escrow.com from the sale price.

There wasn't a take it out of the buyer before it goes to escrow.com

My very recent experience, your results may very.

 

[Name Trader]

That's not true via GoDaddy, because as lennco states you pay the 10% commission fees to Escrow.com and they take out their escrow fees and pay GoDaddy the rest. You don't pay Escrow 10% and GoDaddy 10%. And you are not the one paying the Escrow fee. GoDaddy is picking up that tab. Your fees are limited to the 10% commission fee paid to GoDaddy via escrow.com, plus any extra money transfer fees payable to Escrow.com, if applicable.

 

[NPer]

Congrats Lennco! :tu:

That is a very nice sale!!