NameSilo

HUGE DOMAINS SNIPING GODADDY CLOSEOUTS

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

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  1. wwwweb

    wwwweb Top Member VIP

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    Godaddy is still quoting higher appraisals in auction, than they have on their beta appraisal page which is very strange, but I guess it adds to people paying more in auction by looking at that inflated number.
     
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  2. tonyk2000

    tonyk2000 Top Member VIP ★★★★★★★★★★

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    ... or, even better, eliminated (if the registrant is another domainer).
     
  3. D Haynes

    D Haynes Top Member VIP

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    It's a sorry state of affairs. To say its a level playing field is absurd.
     
  4. joro001

    joro001 Upgraded Member Gold Account VIP

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    On a personal level once prices went insane I couldn't justify playing that game anymore as it doesn't seem a smart business model to buy to 99% of the time resell to domain investors as end users are priced out lol. I was selling on NJ for years and was very happy with results overall, but again got to a point that I couldn't justify it anymore, as at some stage presumably the music will stop.
    Talk about a backward situation who could have guessed this would happen just a few years ago?

    HD and others have completely changed the domaining landscape perhaps for good, you need a massive budget to compete, maybe mid 5 figures + today if starting out I would guess.
     
  5. wwwweb

    wwwweb Top Member VIP

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    Cubehost.com
    [​IMG] Estimated Value: $5,245

    On Godaddy auction page $7,059

    A difference of almost $2,000

    Where do these higher valuations come from, other than to make sure bids get placed for higher amounts.
     
  6. wwwweb

    wwwweb Top Member VIP

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    We saw this scenario recently with a drop auction of fivenines.com where a domainer paid $36,000, in a 2 day auction, the end user, who really wanted it, couldn’t justify it any further and had to drop out.

    The domain sits parked today at afternic, where the owner needs to get $42k, just to break even.
     
  7. simon johnson

    simon johnson Established Member ★★★★★★★★★★

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    I've been looking into this and had a bidder run up a name to exactly that, then they quit. I dont know who it was, but it's a pain to watch. Reminds me of bidding against Halverez years ago. :)
     
  8. wwwweb

    wwwweb Top Member VIP

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    Post their bidder id number here
     
  9. MS-Domains

    MS-Domains Top Member VIP

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    Believe it or not, they are sniping domains in other major languages, like my own " Arabic " not idns.

    There's a form of Arabic used over the internet, that is written in English letters, for whatsaapp, domains, other apps etc...

    Example: Noor Al Shams.com meaning: Sunshine in Arabic.

    Unbelievable.
     
  10. wwwweb

    wwwweb Top Member VIP

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    They can scrape sales data, along with their own analytics from their sites, and sales, and if they can make money, or see an interest in such a niche, they are going to try and corner the space.

    They really have a they against the world mentality, and they want total domination, or expensive pricing to be paid by domainers so they don’t get undercut at Huge Domains. Godaddy is all for it, as it’s a win win for them. They didn’t stop the backorder loophole for ages, after it was exposed, a few lines of code would have closed the loophole. Supposedly a big player had thousands of backorders left to burn , and I guess they needed time to spend them, as they are worthless otherwise.

    You kinda notice Joe didn’t put up much of a fight, just a simple denial, and quick exit.
     
    Last edited: May 28, 2019
  11. Dave

    Dave Top Member VIP ★★★★★★★★★★

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    It's almost become a waste of time playing the expired auctions game. I've not bought one for ages as I got fed up of overpaying all the time. If I keep overpaying like this I'd likely start losing money. Very rarely does a gem fall through the crack.

    Yesterday seeing domains like BananaCreative.com at nearly $200. Unreal.

    Good luck to all those still playing this game, it sure isn't easy.
     
  12. tonyk2000

    tonyk2000 Top Member VIP ★★★★★★★★★★

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    Yeah, this is what happens with a lot of active bidders. Where is that NP poll asking how much you earned or lost? Cannot find it. It is something that each and every new domainer (< ~3 years in business) should read. But even without this poll - I remember dropcatch initially, and I also remember some bidding handles. Including the closed beta. They were overpaying. Where are they now? They are not bidding anymore. New victims are overpaying now. I could also list (but would not as it is public board, and I'm trying to respect all participants) some extremely active bidding handles of lets say Snapnames who were overpaying in 200x...2016 - where are they now? Some domains they won are even dropping now. The same happens with godaddy auctions bidding. GD auctions are now set to extract $$$ from newbie domainers (as much as possible), with the help of hugedomains. Different $$$ appraisals shown on auctions page and neutral appraisals page are perfect example of how this setup is further "developed" each and every day.
     
    Last edited: May 28, 2019
  13. wwwweb

    wwwweb Top Member VIP

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    The guy who was bidding against Kevin Ham in 2006 for date.org, and ended up in a bidding war over $150k, still owns it today, that is the dangers of overpaying.
     
  14. Jv1999

    Jv1999 Spamming Exo: Dark Merc of the Exo-Tower VIP

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    I think overbidding versus financial crash are making plays in this thread.

    All the examples given have been pre-crash. Which means that they overbid because during those times of economic flourishing, people paid like that.

    Now times are rougher, so no one is paying that much for domains.

    so it's not necessarily "the plight of overpaying" but more like: Overpaying + Economic crsis.
     
  15. simon johnson

    simon johnson Established Member ★★★★★★★★★★

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    It ends in 10. Once I was the highest bidder (all the other bidders dropped out), this guy ran it up. He stopped at exactly 10% of the Godaddy Estimated Value. I was running some numbers on it, after I won and thought this was a little odd.
     
  16. wwwweb

    wwwweb Top Member VIP

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    HugeDomains is Bidder 913932
     
  17. simon johnson

    simon johnson Established Member ★★★★★★★★★★

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    Good to know it wasn't them then! Just someone getting me to spend more $. :)
     
  18. simon johnson

    simon johnson Established Member ★★★★★★★★★★

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    Hang on a minute!!! I just checked the bidding list. 913932 ran it up before the other guy! They stopped at just under 10%
     
    Last edited: Jun 2, 2019
  19. wwwweb

    wwwweb Top Member VIP

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    Yea your just paying the Huge Domains toll for using the Godaddy platform. Imagine an auction house like Heritage who had a bidder who bid on 80% of every names in an automated clockwork fashion, there would be state regulators all over that.
     
  20. Jv1999

    Jv1999 Spamming Exo: Dark Merc of the Exo-Tower VIP

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    but isn't it legal and not unfair as long as they pay when they win?

    I get that it pisses everyone off, including me...

    but they're rich, and they want to buy up everything... so why is it exactly unfair?

    i mean, if they DIDN'T pay when they won... then that's when we need to fling sh1 into their mouths because we're losing HUNDREDS if not thousands.. to a bot that SOMETIMES pays...
     
  21. wwwweb

    wwwweb Top Member VIP

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    They are controlling a aftermarket where they market 6 million domains for sale.

    It is in their best interest that domainers, and others pay a maximum level for expired inventory, as those names will be competing with the 6 million they have for sale. If they make you pay more, you need to ask more, hence keeping their marketplace competitive, and not be able to be undercut by others getting access to cheaper inventory.
     
    Last edited: Jun 3, 2019
  22. Jv1999

    Jv1999 Spamming Exo: Dark Merc of the Exo-Tower VIP

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    I get why they're doing it.

    I just don't get why it would be violating any laws. There's no way to distinguish between whether they really want to bid on these domains or if they're just bidding to manipulate the market.

    I mean, what if they really want to acquire these domains.. then it's actually illegal to prevent them from bidding just because they're bidding on everything.
     
  23. wwwweb

    wwwweb Top Member VIP

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    Who knows they might get a % rebate after X amount spent, or bid. There is nothing stopping such agreements to be in place. It’s true they don’t always win, but they push the price up by many multiples on their losses across every category without fail, or fatigue of any kind.
     
    Last edited: Jun 2, 2019
  24. simon johnson

    simon johnson Established Member ★★★★★★★★★★

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    Can GoDaddy forum reps confirm if there are any agreements like this in place, with any entity?
     
  25. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    @Joe Styler @Paul Nicks would what wwwweb hinted at be a reality? Thank you
     

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