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How do you do the $10 bid at Godaddy expiry auction?

Located in Domain Marketplace Reviews started by jideofor, Dec 9, 2018.

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  1. jideofor

    jideofor Active Member VIP

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    Many times I see an auction starting at $10 instead of $12 at Godaddy. How is this done?

    Also, if i place a $12 bid on such domain name, will I win it when it end up as the highest bidder?
     
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  2. TravisS

    TravisS The Duke of York Gold Account Blue Account

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    As far as I can remember (because it's been years now that I've bid on anything) $12 is the starting bid for any expired domain on GD. Once it reaches close out status (~5 days), it drops $11, $10, $9, $8, $5. Albeit, your paying a reg fee on top of it.

    As long as no one else bids on it, and the owner doesn't renew it, than it'd be yours.

    And/or the price of a backorder, if that ~loophole is still available.

    I'm sure you know all that.

    As far as I can remember, names listed at $10 that get mixed up in the expired pile (expireddomains.net), are still being privately sold by the owners. A high bid on that, will not guarantee you the name, unless it's no reserve, etc.

    Correct me on any of this if I'm wrong, but I think I'm right.
     
    Last edited: Dec 9, 2018
  3. xyo

    xyo Established Member

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    no, I think it has already been discussed in several other threads. If you place a backorder on a domain which is currently in expired auctions and has no other bids yet, it places this $10 bid on it. Happens quite often during the last few seconds.
     
  4. jideofor

    jideofor Active Member VIP

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    so, if i place a bit of $12 on that $10, will i win it if nobody else bidder above my own bid?
     
  5. sircc

    sircc Established Member ★★★★★★★★★★

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    Yes, if there are no other bids. You will be awarded the name at $10 plus reg fee.
     
  6. sircc

    sircc Established Member ★★★★★★★★★★

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    As a side note, you will not get the domain right away. It can take anywhere from 5 to 10 days before it settles in your account. During this time, the original owner can still renew the domain.
     
  7. xyo

    xyo Established Member

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    Though, after that you couldn't place a bid at $12, next bid would need to be $15 (because of $5 minimum increments)
     
  8. TravisS

    TravisS The Duke of York Gold Account Blue Account

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    But to rewind here, and specify your specific question....you're asking about a starting bid of $10.

    No expired domain auctions start at $10, only those owned and auctioned privately (hopefully I'm not talking out of my ass right now lol).

    I'm assuming you bid on a domain at $10, and didn't end up winning it?

    Maybe I'm splitting hairs.
     
  9. jideofor

    jideofor Active Member VIP

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    No,.. there are some names that come up on expired domains and the starting bid on it is $10... that is the first bidder on it is at $10.
     
  10. DomainRecap

    DomainRecap Established Member

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    This backorder trick doesn't seem like much, but on tweener domains, it forces the second bidder to lay down $15 to start (rather than $12) which turns off a lot of potential buyers and lets the backorder "steal" it for $10.

    It would be much more fair (and probably make GoDaddy a lot more money) if the second bid on a backordered domain remained at $12, then went up by $5.
     
  11. DomainRecap

    DomainRecap Established Member

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    I've been doing a little research on these "$10 bid guys" and it seems like they are working off an algorithm based on domain age, number of letters, domain valuation, and probably a few others, but I can run a set query and virtually all of the domains it spits out have a $10 bid on them. I do the reverse query and virtually none of them have a $10 backorder and are sitting at $12 with zero bids.

    Domain quality has nothing to do with it, and it's a all set of basic parameters, and I guess they are prepared to pay for that junk 19-year old 6-letter domain in order to save time and get a few gems cheap.

    I've almost got it down pat, and this also gives domain investors a method of parsing down domains that they can hand-track and potentially outbid the backorder bots.
     
    Last edited: Jan 12, 2019 at 7:40 PM
  12. Jasonn

    Jasonn Top Member VIP ★★★★★★★★★★

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    these backorder sniper people i assume are the same ones who were previously using the backorder loophole which has since been closed but now they backorder anything valued at over 1600 in the last few seconds and i guess hope no one else bids in the last few minutes the auction is extended to. Seems there is always someone trying to abuse the system the best they can.
     
  13. jideofor

    jideofor Active Member VIP

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    My thoughts exactly.
     

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