GoDaddy Auctions More Competitive?

[Name Trader]

Is it just me or are the GoDaddy Auctions more competitive than a year ago? Most of the auctions close when I'm fast asleep in bed 12-5am, my time. I put my best reseller price on the domains I want, but almost always loose the majority of the domains I bid on. Last year I would have won most or all the domains. It feels to me like a much more competitive environment than last year. Prices are higher now also. Your thoughts?

 

[AbdulBasit.com]

Yes, I feel the same. Previous year I have won almost all the domains but this year I can see more competition and more people jumping in GoDaddy Auctions and paying a lot more as well...

 

[agnost]

Thanks for the info. I'll give GoDaddy Auctions another try as a seller. A year ago I've sold the only one domain on their auctions and decided to quit.

 

[bmugford]

The expired auctions are certainly more competitive now than in the past.
Some of the sale prices leave me scratching my head.

Brad

 

[Name Trader]

I'm glad it's not just me, Brad. Yesterday I decided to do something about it. I stayed up all night thru the auctions, so I could counter bid on the domains I was watching/had bids on. Spent about $400 on 8 domains, about 40% of my monthly budget in 1 day. 1 domain I dropped out when the bidding reached $401 (went for $406). It was already double my comfort zone. I don't think I'm going to try staying up all night again. Too expensive. I just go back to making my bids and go to sleep. See what crumbs I get in the morning. Oh, I will be doubling my normal bid from now on, but I really don't think it will be enough.

 

[ninjadomain]

I've been watching some and they are going pretty high, makes me want to list some for sale.

 

[Dotmainer]

I think reason is that a lot of domainers bloged about that!

 

[Name Trader]

Could you provide some reference links, Dotmainer?

 

[Dotmainer]

aaa, i mean there are a lot of posts listing good domain names.
(they dont bloged reason
sure

http://www.dotweekly.com/godaddy-goodies-expired-auction-domain-name-list

http://www.dotweekly.com/godaddy-goodies-yummy-expired-auction-domain-name-list

http://www.dnxpert.com/2011/05/06/godaddy-domain-auction-my-selection-of-pagerank-domains-17/

http://www.dnxpert.com/2011/05/06/godaddy-domain-auction-my-selection-of-pagerank-domains-17/

http://www.teendomainer.com/drops/friday-56-nice-domain-drops/

http://www.dnxpert.com/2011/05/09/godaddy-domain-auction-my-selection-of-pagerank-domains-19/

http://www.dnxpert.com/2011/05/07/godaddy-domain-auction-my-selection-of-pagerank-domains-18/

---------- Post added at 09:14 PM ---------- Previous post was at 09:10 PM ----------

...

and another reason could be ->

http://www.namepros.com/domain-name-discussion/710118-finding-domains-at-godaddy.html

 

[Name Trader]

Thanks. Yep. I can see how the dotweekly and dnxpert blogs would attract attention to GoDaddy Auctions. But I don't think it would account for all the price increases I've seen across the board.

 

[werty]

I believe that end users are themselves participating in GD auctions as many of the sale prices go way beyond what an intelligent domainer would pay. Many don't make sense.

 

[Debt.tv]

I believe that end users are themselves participating in GD auctions as many of the sale prices go way beyond what an intelligent domainer would pay. Many don't make sense.

Not all domainers are intelligent!

 

[steveteva]

Can someone tell me let say there is a bid for $25 on a domain at godaddy auction and I don't want to miss it but will be in bed at the end of auction like someone said above. What if I put my highest bid like $500 and if the latest bidder before end bid was $50. So normally I'm the winner but do I have to pay $500 (higheest bid placed) or $50?

 

[bmugford]

Can someone tell me let say there is a bid for $25 on a domain and I don't want to miss it but will be in bed at the end of auction like someone said above. What if I put my highest bid like $500 and if the latest bidder before end bid was $50. So normally I'm the winner but do I have to pay $500 (higheest bid placed) or $50?

GoDaddy has proxy bidding, so your proxy bid is your max price. The system will automatically places bids until your proxy price is reached.

If you are bidder #1 with a $500 proxy bid, and the second highest bidder is $45, you would win the auction for $45 + minimum increment.

Brad

 

[steveteva]

GoDaddy has proxy bidding, so your proxy bid is your max price. The system will automatically places bids until your proxy price is reached.

If you are bidder #1 with a $500 proxy bid, and the second highest bidder is $45, you would win the auction for $45 + minimum increment.

Brad

Thanks that is useful tip, so if you want to make sure to win you recommend bidding highest willing to pay and could end at low price?

 

[bmugford]

Thanks that is useful tip, so if you want to make sure to win you recommend bidding highest willing to pay and could end at low price?

I generally use proxy bidding more if I won't be around during the end of an auction.

In reality, GoDaddy auctions are so competitive the best way to win is jump in at the very end, at least if there are no other bidders.

Bidding early is just an easy way to flag the domain to other potential buyers. There is no benefit of bidding early.

Brad

 

[Name Trader]

Agree with Brad. But all my bidding is by proxy (except for the other night) because I'm usually asleep when the auctions end.

 

[tritrain]

It does appear to be very competitive in the past year or so.

I also thought that GoDaddy would extend an auction if there was "last-minute" bidding going on. Frustrating.

 

[bmugford]

It does appear to be very competitive in the past year or so.

I also thought that GoDaddy would extend an auction if there was "last-minute" bidding going on. Frustrating.

The auction does extend if there is a bid with under 2 minutes left.

Brad

 

[Name Trader]

Well even though I doubled my proxy bid, I'm still losing most of my auctions by $5. So back to getting the crumbs