How can some domains on GoDaddy Auctions possibly have that many bids?

[ultimate350]

Right now on Godaddy auctions domains like titan-pro.org and bondarev.info each show 60-some-odd bids with prices ranging from $2000-$3000. How is this possible? These domains seem like the most random, worthless names. Am I missing something?

 

[Sparhawke]

Shill bids most likely, I would surmise that someone is bidding against himself in order to get some mug to come along and make a ridiculous bid themselves and it will get dumped on them. Wouldn't you rather bid on something that people "appear" to want instead of something that is worth avoiding like Sheldon Cooper with the plague?

 

[Blake]

I agree with sparhawkes statement as well but there are also many other variables. Some names have Age, Backlinks, PageRank, and many other attributes that would push someone to bid on names that otherwise look worthless. With godaddy you have a combination of bidders ..not just domainers you have marketers, end users, domainers, speculators etc. So truth be known we may never know the reason but I bet a good portion is because of the things listed above.

 

[bradw01f]

I have my own theory on these stupid domains going for crazy money, Money Laundering, like I said its only theory but if you think about it it makes sense...

 

[namenut]

I'm not sure laundering would work with a perfect electronic trail.
Coupled with the purchase of a single item it would be easy to
follow the money to a deposit.

Mass cash transactions with large numbers of items sold is how you
hide the cash.

Spark and Blake have it correct. One more thing is to remember we
tend to use english as a basis for our evaluating. Researching the
name will most times unveil any mysteries. Archive.org is another
way to glean into a names value via it's past use that could be
influencing it's current value ..... good or bad.

NN