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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[cdboard]

about transferring after expiration, I was going to do that recently, like I had before.
this time, I was able to get an auth code, but the system would not let me unlock the domain

so I didn't try the transfer.

I should have updated this sooner.

I found that the problem was really a terminology misunderstanding on my part. I was trying to do a second process too soon after doing the first process. Like requesting some auth codes , then trying to unlock several domains at once **before** the system had processed the code requests.

The system said one of the domains was "ineligible". When working with single domains, I would see something like "wait while the system updates". So the "ineligible" thing confused me.

 

[Ms Domainer]

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I bid on and won ElBid.com.

It was transferred by the old owner to Name.com.

So effin' annoying.

I paid $57.00 for it (which will be refunded, of course).

For anybody who buys it off the owner, just don't pay too much for it. The market has dictated that it's worth, well, $57.00.

I was having second thoughts about it, anyway.

Still, a big old nasty raspberry to the owner.

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[Bannen]

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Yes it gets annoying. I 'won' nesian.com couple weeks back, thought it was a good forward-thinking name. Couple days before deadline, old owner transfers it out. Two points of annoyance - losing the domain (although technically I guess we never really had it) and having to wait for the refund.

Ah, the spine-tingling excitement, the thrill of the unknown, the nail-biting waiting, the crushing disappointment, the heroic fight back up to normal life again, the herculean resilience needed to move on to bidding on the next domain

 

[Ms Domainer]

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Yes it gets annoying. I 'won' nesian.com couple weeks back, thought it was a good forward-thinking name. Couple days before deadline, old owner transfers it out. Two points of annoyance - losing the domain (although technically I guess we never really had it) and having to wait for the refund.

Ah, the spine-tingling excitement, the thrill of the unknown, the nail-biting waiting, the crushing disappointment, the heroic fight back up to normal life again, the herculean resilience needed to move on to bidding on the next domain

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Very good, Bannen, in describing hell week. All that fresh mountain air must have stirred those creative juices.



In truth (and retrospect), I think I'm more annoyed with Go Daddy.

The owner was simply slipping through a loophole.

Go Daddy could do a better job with these auctions by starting them later.

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[AEProgram]

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I bid on and won ElBid.com.

It was transferred by the old owner to Name.com.

So effin' annoying.

I paid $57.00 for it (which will be refunded, of course).

For anybody who buys it off the owner, just don't pay too much for it. The market has dictated that it's worth, well, $57.00.

I was having second thoughts about it, anyway.

Still, a big old nasty raspberry to the owner.

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I came to realize there is many markets within the domain market

the same name that might go in one place for 50 bucks and have 5 bidders will have 68 bidders elsewhere and close at 1500

 

[Stockford Dev.]

Yes, absolutely.

What's pathetic is that, unlike real-world auctions like Sotheby's , Christie's, domainland auctions are unique in that the winner can be stripped of his winnings if the owner of the property decides to take it back by virtue of "renewing." Yet domainers still participate. Perhaps most domainers know little about real-world auction principals, policies, ethics, etc.

I'll speak with my wallet and stay away from Godaddy auctions and the rest too. Believe me, the best names never make it to you and I anyway. You gonna scramble for third-tier names?

I firmly agree the system is rigged against all the smaller guys and that most domainers don't seem to understand standard business practice, auction practice, and ethics. What the registrars do here is very close to being full on insider trading and that is illegal. Not that anyone really cares what the Singapore ccTLD guys do really, but they have strict rules outlawing all of this type of behaviour, as they should have an agreement for here. The wording in ICANNs documents are open to interpretation but do not specifically ban these practices the way Singapore has but good on them. So Singapore has a more legit marketpalce than ours, pat on the back Americas pat on the back.

Side note for the gentleman/lady I quoted, you have obviously been around a long time even with such a negative view of the trade, so what's the connection there? What's the secret to having a chance to stay in the game?

 

[JB Lions]

I firmly agree the system is rigged against all the smaller guys and that most domainers don't seem to understand standard business practice, auction practice, and ethics. What the registrars do here is very close to being full on insider trading and that is illegal. Not that anyone really cares what the Singapore ccTLD guys do really, but they have strict rules outlawing all of this type of behaviour, as they should have an agreement for here. The wording in ICANNs documents are open to interpretation but do not specifically ban these practices the way Singapore has but good on them. So Singapore has a more legit marketpalce than ours, pat on the back Americas pat on the back.

Side note for the gentleman/lady I quoted, you have obviously been around a long time even with such a negative view of the trade, so what's the connection there? What's the secret to having a chance to stay in the game?

The secret is not listening to people like you quoted.

"Believe me, the best names never make it to you and I anyway."

Utter nonsense. Some of the best deals/names you'll find are on the auctions.

I've never had it happen to me with Snapnames or Namejet (guess I've been lucky), do a little with GD, think maybe once or twice it's happened. It sucks but most realize it's part of the game and you keep going. I wouldn't let it stop me from getting a good name if you see one.

 

[discobull]

Is there anything more frustrating than bidding against someone that doesn't seem to understand -- no matter how many times it happens -- that bidding at the last second will only result in the auction being extended? Arrrggh!

 

[Semtex]

The person bidding hopes you get frustrated and leave. That's why he sticks around for an hour. LOL

 

[discobull]

The person bidding hopes you get frustrated and leave. That's why he sticks around for an hour. LOL

lol I tend to bid my limit right off the bat so I don't need to stick around. I just witnessed someone repeatedly bidding at the last second even though it was clear that they were being outbid by proxy. Placed my bid with 5+ minutes to go, then took a shower. When I came back the auction was still going. I did the dishes. When I came back the auction was still going. I did some reading. Still going! Wtf? lol

---------- Post added at 04:12 PM ---------- Previous post was at 03:51 PM ----------

What's the secret to having a chance to stay in the game?

The secret is to work harder than the next guy. If you don't have the bucks to outbid the big players, you make money by finding the valuable domains that other people have missed.

 

[garptrader]

From what I understand on this thread that not only the week after the auction but even the first several days after it appears in your Godaddy account, the prior registrant still has the right to renew it. The domain will appear in your account on day 42 and supposedly you are in the clear after day 45. OK I backordered a domain on Godaddy Auctions, after a week it appeared in my Godaddy account and if after day 45 I am in the clear, I guess I am OK. However, I noted a domain which had the same expiration date as mine. Noone backordered the name so on day 42 when my domain appeared in my account, this other name went Redemption. But doesn't the prior registrant still have the right to reclaim that domain for a fee? If so, how can I know for sure that they cannot reclaim the domain I acquired (same expiration date)? Or Godaddy policy is that after 45 days the prior registrant loses his/her rights if another individual has expressed interest in that domain?

 

[utomo]

Nobody can answer that.
Even after 45 days Godaddy still can take your domain without clear explanation

 

[lennco]

Here is what I know, I let a domain expire and it went into closeout auction and I noticed someone picked it up.
I watch to see what would happen to the domain in my account and on day 46 it vanished from my account and there was no way I could recover it from my dashboard.

Now maybe if I called Godaddy they could still recover it if I made a big enough stink but I don't really know.

 

[equity78]

Day 45 is the day, yes there was a member here who had a domain taken from him that was a special situation.

Normally it will be day 45 to transfer out with an auth code.

 

[Bannen]

Another quick question from a GD auctions newbie:

On auctions you win, pay for, then lose the name due to it being renewed/transferred out by prev owner... is there an official amount of time to receive the refund?

On names I've won - then lost - first I was refunded 1 day later (after the name was transferred), the second time I was refunded 1 week after. Currently waiting on refund for another won/lost name and it's 10 days...

Wondering why the refund times are so all over the place?

Thanks

 

[Ms Domainer]

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Bannen,

I would get in touch with support. Ten days is definitely WAAAY too long.

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[solankikunwarpal]

My only concern with Go daddy auctions is that, compared to other auction venues where you can start to connect identities to bidder aliases, I never get to know who I am bidding against and so am less certain whether they are just "watching" the auction or are competition that tend to bid till they take over, sometimes at alarming prices.
something bits are quite similar to what my other colleague also face.

---------- Post added at 09:53 AM ---------- Previous post was at 09:52 AM ----------

Compared to other auction venues where you can start to connect identities to bidder aliases, here you can hardly make out whom you're against.

---------- Post added at 09:55 AM ---------- Previous post was at 09:53 AM ----------

Would really appreciate if someone could guide me in the informational aspect of it.
ixwebhosting coupon

 

[Bannen]

Bannen,

I would get in touch with support. Ten days is definitely WAAAY too long.

Tx for the tip; Ended up being 2 weeks, so I sent a ticket, they responded within 24hrs. First response said they were sending it to their tech experts because the problem was beyond their first line of defense (my terms, not theirs, ha). Couple hours later the experts responded and sent the refund. All they said was basically 'sorry for the delay'.

Reminder to keep track; I make bids almost each day, win a few lose a few each week, and then lose a few of the wins too. I would think they have rock-solid software in place so when a domain is won in the expiring domain auctions, but then is renewed/transfered by the owner before it can transfer to you, that it registers with their systems unfailingly; then after your loss of your 'won' domain registers with their system, a refund ticket should also be unfailingly generated, with alerts going to the agents if a refund is not paid by a certain date. (Of course, I am using big words here that GD does not understand, like 'unfailingly')

Anyhoo, with all those payments and refunds flying back and forth like spitballs in sunday school, and seeing how easy it is to lose track of refunds owed you for last week's domain/s, it's a little scary to think that a refund can fall through their cracks like that. The auctions are fun but must definitely keep clear records and dates of each 'win'. Must get tedious to check things for those of you who bid on dozens or hundreds of expiring auctions each month...

Oh, wrong thread, and I don't generally report my sales, but since we're here: won:
Mobile /
App /
Company /
in dawt com recently on GD auctions, I think for $35. Just flipped for 500 few days ago. Probably could have tripled that if I'd waited, but what the heck it's quick cash to bid on more auctions. Vicious circle 8-X

 

[discobull]

favicongenerator.com closed at $58k today. Wow.

 

[Ms Domainer]

favicongenerator.com closed at $58k today. Wow.

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Yeah, I followed this auction.

I suspect the owner will transfer out or renew.

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