NameSilo

HUGE DOMAINS SNIPING GODADDY CLOSEOUTS

Located in Domain Marketplace Reviews started by wwwweb, May 6, 2019.

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  1. Recons.Com

    Recons.Com Top Member VIP

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    Yes, now the time is known. It is pretty much the next second after the name doesn't get any bids and time lapses. So, they can send 10 requests, 2-3 per second and be assured to win, if in fact being next door is factor. But I doubt that gives them that much advantage. There must be additional tweak in their favor, as it seems empirically every name that doesn't emerge into closeout goes 100% of time to HD and that shouldn't be possible if things were as fair and square as GD claims.
     
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  2. mani0307

    mani0307 Upgraded Member Gold Account VIP

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    Oh i got it.
    Thanks!
     
  3. jideofor

    jideofor Top Member VIP ★★★★★★★★★★

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    their bidding max is $488 on last one I won. I had to bit them to win at $500. so annoying.

    looking at my dashboard and I saw the bidder was Bidder 913932
     
  4. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    They are bidding higher than that on some, usually they are in the number 2 position, seem to blanket every auction with a sliver of interest, it’s like this autobot you know it’s there, and is bidding 8-15% of the auctions appraised value like clockwork. They are adding tens of millions to the houses bottomline with their bidding strategy, and taking a lot of money out of bidder wallets with their automated bids.

    They are still gaming the closeouts also, having first pick priority over them.
     
    Last edited: Jul 28, 2019
  5. cdboard

    cdboard Top Member VIP ★★★★★★★★★★

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    thanks for the info. I checked and found they had outbid me on one this month.
     
  6. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    They have been active in over 90 percent of the auctions I have participated in, I guess we have the same taste, or they are just blanketing everything.

    At this point you are going to get caught being bid up the majority of the time. You are best to sit on the sidelines until the next economic downturn, you will make more money then buying to much over bidded dead inventory, which let’s face it, if your turning over 3% of it a year, you are doing pretty good. So if you sell 1 in 35 domains you buy every year, at bidded up prices, not long before you burn your savings, and then you have to grind to get back to even. The risk at this point really outweighs the return.
     
    Last edited: Jul 28, 2019
  7. barman

    barman Established Member

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    Huge Domains has sucked the fun out of domaining for me.
     
  8. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    As well as the money out of your wallet.
     
  9. Recons.Com

    Recons.Com Top Member VIP

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    Interestingly, one guy with some time, some coding skills (or help) and little extra to spare, could cost HugeDomains millions.

    You'd need to experiment a little and then have HD go for bidding low-mid $xxx on absolute crap and get them buy tens of thousands of names like that, until they realize crowd-piggybacking-slash-exploiting-using-next-door-relationship-with-godaddy is not working anymore
     
  10. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    HugeNames crossed into 4 figures bidding on goldbrand.com today, I have noticed in the past bit they are going for bigger fish, albeit having a lock on their closeout picks, which does help dollar cost average some higher level buys.
     
  11. D Haynes

    D Haynes Top Member VIP

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    This is exactly what I said a few pages back. The key is in figuring out their bidding algorithm which would take everyone here to give as much information as possible. It's a lot of work in reality because you don't know what they bid on and upto without taking part in the auction and without maxing out their proxy bid.
     
  12. D Haynes

    D Haynes Top Member VIP

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  13. D Haynes

    D Haynes Top Member VIP

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    I'm guessing it would take a lot of bidding on a lot of names with a lot of variables to figure out the system but if you knew what to expect it might save you time and also allow you to bid up to just below their limit.

    Variables would include...

    TLD,
    GD appraisal,
    Domain age,
    Domain length,
    Other extensions registered,
    Google searches,
    Auction page views,

    Other information required might include...

    Highest bid/winning bid,
    If a backorder triggers a bid,
    If bidding at different remaining times triggers a bid,
    If a name being watched puts in on HDs "radar" (don't know if a "watched" status is available through GD api)

    Etc etc you get the idea

    My post from another thread.
     
  14. slobizman

    slobizman Established Member ★★★★★★★★★★

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    Today, after losing three domain auctions to HD, and then thinking about all the names I've lost to them in the past, every day, I've come to a conclusion that there is a bigger point to be made than HD sniping names:

    The domain aftermarket is NOT healthy.

    To the uninformed, the GD aftermarket looks hot. Just look at all those names being bid on, all those names you just can't win! Damn, it's a hot market, right?

    Wrong.

    We're being tricked by HD/GD into thinking it is. I wonder just how hot it would look if HD wasn't in there buying up names? Just how many names are they buying every day? Personally, I lost 3 out of 3 auctions today. And the only other bidder was HD. It's not a huge dollar amount, just about a total of $400. But I wonder what I should multiply this number by to understand the true extent of this sham?

    To what extent is HD propping up the Godaddy Auctions? I have no idea of the exact or even ballpark number. But my conclusion is that it's telling me that there is so much less demand for names than I was thinking.

    Demand from Huge Domains is not demand, folks.

    In light of this, I quit.

    I will no longer buy new names. I'll continue to sell the names I already own and instead of reinvesting some of that money in new names it's going into my pocket.

    Done.
     
  15. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    I made the same call, I can either be bid up, and overpay, or I can sell off what I have, and just pocket it, instead of being bid up, and forced to pay more by an automated coded bot.

    I came across the same scenario, other main bidder was always bidder 91932, they are artificially just inflating the aftermarket. They are creating a fake sense of demand. It’s an expensive project, but I guess they are all in, in trying to buy out the market, and they have the perfect platform to do it on. The newbies keep coming, and lying down for their bid beating.

    There is no point in playing bidding games, you can’t win, you are just being maxed out, and after a while, you have to much inventory at higher prices, and the formula just doesn’t work. Plus no value to be had in closeouts, as they snipe those also, so really what’s the point.
     
    Last edited: Jul 28, 2019
  16. joro001

    joro001 Top Member VIP

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    I've monitored this thread on and off for a while.

    It isn't just HD but also other investors bidding relentlessly with seemingly limitless budgets that in recent years have come from nowhere with giant war chests and are buying up anything and everything they can lay their hands on.

    I gave up almost entirely bidding on godaddy auctions well over a year ago, used to buy plenty but not anymore. It is now part of my daily routine to delete the auctions shortlist email from my godaddy rep straight to trash, not even worth opening it.

    I see what end users will pay and their preferences are for .com but max budget in 99% of cases is 3 figures type levels. Anything above that you are aiming for a tiny % of end users who are desperate for your name with all other available options in .com never mind GTLD's/CCTLD's etc.

    So to pay up these sort of prices for mediocre/good looking names is a guarantee to be in the red unless you are HD and can do this at scale and know exactly what you are doing. In short i'm not playing that game and don't see that ever changing.
     
  17. Fadi H

    Fadi H NamesMan VIP

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    Someone just snipped Casheo.com from me, I didn't even see it dropping to $11 so i suspect it's HD. I liked the name, What a miss!
     
  18. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    Either way had you put a last second bid you would have paid $250-400 for it, or take your chances on the closeout which is very hard to win.
     
  19. Blitzpotz

    Blitzpotz Top Member VIP ★★★★★★★★★★

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    Probably your domain is already gone but did you try to restore it for the ridiculous fee of 80 USD or transfer it away in case you stored your authcodes before?

    HugePapa dot com is available. Perhaps not very original but I´m lost for words.
     
  20. Fadi H

    Fadi H NamesMan VIP

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    Not my domain, I was trying to buy it on GD closeouts.
     
  21. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    I have been testing names that Huge Names would like it closeouts, usually they fall thru that 5 minute window, by putting that last minute bid in, it seems Huge Domains bot puts down their max proxy, about 12% of the appraisal. I have bid, and then backed off the bid making them pay a few hundred for a domain they would have sniped in closeouts, a few times now. I don't understand how they can keep paying up like this, no matter how good their business is on the other side, the are still bidding upwards of a thousand for premium auctions also.
     
  22. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    After spending about a good 2 weeks trying to understand their bot, if they have a name on their list, and you don't want to get sniped it closeouts, you are going to have to pay $150-2xx for it based on 10-12% of godaddy's appraised value. So the closeouts are pretty well no longer closeouts, it's more like a wholesale retail value. I don't even need to wait for the auction to end, it's so obvious how their bot just engages, it's like clockwork. You just know it's bidder 91932 just based on how it responds so strong with their top proxy.
     
  23. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    Anyone know who Bidder 1495 is, they have been spending pretty heavy as of late.
     
  24. slobizman

    slobizman Established Member ★★★★★★★★★★

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    I've cut way back on buying domains at GD due to Huge Domains--it's become simply a huge waste of time. But still I might pick one name a day to go after. I think pretty much all of the last dozen names I bid on were snapped up by bidder 913932.

    But what's interesting to me is a name they outbid me for this morning: SLOwatch.com. SLO is the acronym for my small town, San Luis Obispo. I didn't think HD would be interested in a small regional, not great domain name. I was only interested in it for local reasons. I would have paid a small amount for it, with a max bid of $67. HD outbid me and I wasn't about to let my ego get in a bidding war for this unimportant name.

    I was so surprised to see HD going going after such a low-quality name. I didn't notice what the GD valuation was for it. Even though their estimates are completely ridiculous, I doubt it was much.

    So, in conclusion, you're just not safe bidding on virtually anything at GD without running into bidder 913932--even not-great names.
     
  25. Blitzpotz

    Blitzpotz Top Member VIP ★★★★★★★★★★

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    Thanks for info.
    Perhaps they read Slovenia in SLO, as it is the acronym for this small European country, too.
     

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