information GoDaddy to increase closeout starting prices to $50

[JudgeMind]

Godaddy will be increasing their starting price of closeouts to $50. The pricing structure will go as follows:

Day 1: $50

Day 2: $40

Day 3: $30

Day 4: $11

Day 5: $5

This news is causing a stir in the industry and some are pretty upset. You can read in more detail about the price increase here, courtesy of domainnamewire - GoDaddy to change closeout auction pricing - Domain Name Wire | Domain Name News

 

[alcy]

I move every name I can out. I used to only buy names at GD now I buy about 1 a year. GD auctions and closeouts are essentially a scam.

if u call them scam u gotta call all auctions scam..because same rules and results apply everywhere

 

[D Haynes]

if u call them scam u gotta call all auctions scam..because same rules and results apply everywhere

Its how you get to the results that's different. They allow some people/companies use of their API but most don't. The playing field isn't even.

 

[ecomslice]

this will take effect when ?

 

[privatereg]

this will take effect when ?

Feb 1

 

[Jv1999]

WTF GODADDY JUST INCREASED .COM TRANSFER PRICES TO $8.99!!!!!!!!!!!!!!!!!1

I UNDERSTAND THE CLOSEOUTS PRICES BUT WHY TRANSFERS?!?!? WHY?!!

 

[UncleBrand]

Today is February 2nd

just got a nice closeout at the standard 9$+renewal

so it seem they changed their minds about this increase in prices

 

[Ostrados]

Today is February 2nd

just got a nice closeout at the standard 9$+renewal

so it seem they changed their minds about this increase in prices

I hope so.
99.995% of good domains will be long gone before reaching closeouts, so this price increase will help no one other than helping Godaddy.

 

[wwwweb]

Still don’t get basis for if a domain doesn’t close at $12 in auction, how it can be worth $50
A few mins later.

If you notice a counter bid to your $12 bid shortly after it is placed after 7 days or so of no bids, by a similar party we should understand the game very quickly.

 

[wwwweb]

We spoke to soon, $50 closeouts are now in play. We should know better at this point.

 

[LUP]

GoDaddy become GoGreedy

 

[Domains Ted]

We spoke to soon, $50 closeouts are now in play. We should know better at this point.

Yes.. only for .com's

 

[pb]

Yes.. only for .com's

Not really, I'm seeing .net, .cc, .co, .mobi etc. for $50 at closeouts.

 

[Jasonn]

I think godaddy is just trying to exploit the fact that hugenames will buy at whatever price anyways, so why not take advantage? closeouts have taken a dive in quality the past couple years, there was the backorder loophole and other weird stuff happening a year or two ago. So far I see no increase in quality in closeouts so if you still want them, pay more for the same leftovers or hope they will still be there when the price drops. Hugenames has ruined pending delete and godaddy auctions, closeouts. whats next? Whats left?

 

[UncleBrand]

ok
so here come the crazy move from Godaddy
so i just checked for a domain at 50$, it will cost me 50+8.99+ taxes =71.38$ (21%taxes)

 

[Oskar P]

ok
so here come the crazy move from Godaddy
so i just checked for a domain at 50$, it will cost me 50+8.99+ taxes =71.38$ (21%taxes)

GoDaddy likes to add many layers to your purchase. What you initally thought you would pay ends up being much more. The 1 year of registration is often for much higher than the average registrar. And if you're using a different currency than USD you bet the price will be even higher.

 

[Ostrados]

GoDaddy likes to add many layers to your purchase. What you initally thought you would pay ends up being much more. The 1 year of registration is often for much higher than the average registrar. And if you're using a different currency than USD you bet the price will be even higher.

On top of that the 1 year renewal you pay after buying from closouts is not full year of 365 days! You get something like 10 months only.

 

[Nametree]

Perhaps now they can use this long-needed cash infusion to upgrade Afternic.

Or at least deliver Closeouts instantly, instead of 5 days to never.

 

[Spex]

Back to the API thing...do current API users pay a fee it? If not, then I don't understand why they don't just scrap it

 

[ecomslice]

@Hugedomains @GoDaddy

Thought I'd share another result of monopoly greed and need for never ending growth

For every action there is a reaction. But at what level are those at the top suppose to be content ?

Never in this sad world.

I am a Canadian living in the Philippines , I have a strategy that I take no profit from and have struggling third world hard working individuals create an income. This is dead now. Hugedomains is now registering abstract misspelled domains with low value from pending delete. This started Feb 2.

The strategy requires research and outbound . The domains only hold value to one entity and research is needed to avoid the numerous trademark risk registrations within these lists.

Hugedomains is now taking any and all. These domains are always under 1500 or 1k gd valuation , often abstract spelling of no valuable keywords and they are listing them for make offer or under 2k bin.

Congratulations Big Companies. Be proud.

 

[Jv1999]

well, i'm looking through tower... nothing in quality is significantly different.

some "maybe good" names i'm seeing.. but yeah... the $50 price tag is NOT affecting anything whatsoever lol

...well i mean, it's affecting my made up decision NOT to buy anything unless it's holy or something lol