GoDaddy Auctions Shill Bidding?

[domainhacks-931385]

I've seen some auctions of bad - ok domains jump huge amounts for no reason. Is there alot of shill bidding that happens in their auctions? If so, my question is what happens if there a domain lets say

crappydomainname.com

and Its currently at $100USD with 8 days left

I bid $125USD

With 30 minutes left the price is $10000 USD

I bid $10025 and win the auction

What if most of the bids from 125 - 10025 were shill bids?

Which price do I pay?

 

[domainhacks-931385]

why is designrouge.com at $750 with 2 days left with 51 bids?

Am I missing something? No Backlinks, No PR,

Only age but why so much interest when all other extensions are available to register?

 

[johname]

well you can start off with a 97 creation date.

Two people tit for tatting it though for sure

 

[Name Trader]

You pay the $10,025. It doesn't matter how many shill bids were under you. But if you were the next highest bidder under the final price. and the winner doesn't pay, GoDaddy knock out all his bids and yours too until you beat the 3rd highest bidder (shill or not), and that's the price you pay.

I've seen some auctions of bad - ok domains jump huge amounts for no reason. Is there alot of shill bidding that happens in their auctions? If so, my question is what happens if there a domain lets say

crappydomainname.com

and Its currently at $100USD with 8 days left

I bid $125USD

With 30 minutes left the price is $10000 USD

I bid $10025 and win the auction

What if most of the bids from 125 - 10025 were shill bids?

Which price do I pay?

 

[HeyNow]

It doesn't matter how many shill bids were under you.

You're wrong, it does matter. In fact it matters so much, that if you could prove there was shill-bidding in an auction, the offending person(s) could go to jail. It's called "fraud," and it's illegal. The problem is that it is hard to prove.

If it "doesn't matter," as you say, then Snapnames would still be on top of the drop world, and they wouldn't have bothered to throw one of their employees under the bus. They wouldn't have bothered to pay one nickle back to their naive customers. If it "doesn't matter," as you say, then this thread wouldn't exist.

You're saying that if a bidder is willing to pay up to $100,000 for a domain name, but could have won that domain for $10 if not for shill bidding, then it really doesn't matter. Your claim that it "doesn't matter" is folly, absolute folly.