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Is this sort of behaviour common in auctions nowadays?

Labeled as question in General Domain Discussion, started by whenpillarsfall, Apr 21, 2018

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  1. Truespin Domains

    Truespin Domains Top Contributor VIP

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    I'm getting back into domaining after many years The other day I was bidding in the last few minutes of a godaddy expiration auction.

    There was a lot of activity but eventually it came down to me and one other guy. Domain was well into xxxx territory at this point.

    This guy for about an hour kept on bidding in the last seconds of the 5 minute overruns. It didn't bother me that much as I was just sitting on my ass watching TV. But it did strike me as pretty lame behaviour.

    When I've been outbid I just tend to immediately respond - showing I'm serious. Normally set a proxy a couple notches higher so they get the immediate "you've been outbid" message on attempting to raise.

    But this guy was constantly waiting for last ten seconds every time.
     
    Last edited: Apr 21, 2018
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  2. omarte

    omarte only quality names

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    yes, the same thing happened with me when i was bidding at dynadot expired auctions & other places too! very nomal, in this business you can expect anything LOL!
     
  3. anantj

    anantj Top Contributor VIP

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    Likely a bot and yes, this sort of behavior is increasingly common. A lot of threads going on around this behavior and GoDaddy auction in general.
     
  4. MR Harrist

    MR Harrist Established Member

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    some people knows what is good domain, so they wait at last minute and hoping another bidder go to bathroom, electricity shutdown, or maybe ISP maintenance, or something! this kind of strategy usually works! but I prefer with bluffing strategy, and not only increase $5 per bid, usually I bid more and more, and mostly other bidder know, they should avoid this Crazy B4stard! :xf.grin:

    but of course, I don't bid 3L, or 4L, I only bid SEO domain :xf.grin: because I don't want do bid war with domainer! :xf.grin:
     
    Last edited: Apr 21, 2018
  5. Primary Names

    Primary Names ****** xXx ****** VIP

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    If it was human, it is a possibility that his/her objective was to probably frustrate you out of the auction, as @MR Harrist mentioned. But why bother when you can do it with a bot, right.

    @anantj do you have any idea about this bot ? I thought GD retracted their auction API access from public. Do you think only a select few get access to it, perhaps someone they have tie-ups with ? :sneaky:
     
    Last edited: Apr 21, 2018
  6. anantj

    anantj Top Contributor VIP

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    As per comment by Joe (a PM with GD and primary source of info all things GD here at NP), a select few users do have access to the auctions API (as well as "corporate" partners such as HD)
     
  7. EZPZYO

    EZPZYO Hack IT Crack IT VIP

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    That's the name :bookworm: of the game :greedy:, you snooze :sleep: you loose :blackeye:
     
  8. urljunky

    urljunky Top Contributor VIP

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    They think it's ebay and wait for the last second to bet thinking it is going to end right then and they will win.
    I sell junk on ebay and this is the same mindset. You will have 0 watchers and at the very last minute
    10 people will start bidding.
     
  9. Truespin Domains

    Truespin Domains Top Contributor VIP

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    I could understand if this was a low value domain but when you're into the thousands I'd assume other bidders know what they're doing.
     
  10. Arca

    Arca Top Contributor VIP

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    This is very common at GoDaddy nowadays. As others have said, it's automated bidding by a bot. There's not a person on the other end dragging out the auction.
     
  11. Truespin Domains

    Truespin Domains Top Contributor VIP

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    Makes me feel a bit better.
     
  12. Embrand

    Embrand Top Contributor VIP ICA Member ★★★★★★★★★★

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    It happened to me the other day at NameJet. It took forever... I do think it was a genuine bidder, though.
     
  13. urljunky

    urljunky Top Contributor VIP

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    I don't think it is a bot. why would someone program a bot to bid in the last seconds? Just to extend it another 5 min? Or maybe it was.
     
  14. Arca

    Arca Top Contributor VIP

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    The intention of waiting until the last 5-10 seconds of the auction to place a higher bid, each time extending the auction time, would be to ultimately be able to buy the domain for less. I guess the assumption behind this bidding strategy is that you'll "wear out" the other bidders in the auction. And while it's difficult to follow this bidding strategy manually, no additional effort is needed if you have a bot that bids for you. This bidding pattern can so often be watched in so many auctions at the same time that it would simply be impossible for a person to track so many auctions and perfectly place a bid in the last few seconds, over and over again, in auction after auction.

    Personally I'm not convinced this is the most effective way to get the lowest price for a domain though.

    GoDaddy auctions is an open platform with public auctions, where everyone can see what other people bid on and join the bidding at any time. And domains that see increased/extended bidding activity get highlighted both on the GoDaddy site, and also on third party sites that tracks GD bidding real time. So the longer the auction keeps extending, the more attention it gets, which often leads to additional bidders joining in as a result of "discovering" the auction due to the spotlight put on it after it kept getting extended and getting new bids. Some of these additional bidders might not have materialized if the auction bidding time had been kept to 5-10 minutes. So personally I'm not sure that extending an auction, sometimes for hours, is beneficial. I think this bidding strategy mainly would work on a platform where you're in a closed auction, so that you can "wear out" the bidders that are in the auction already, without risking new bidders to discover and join the bidding as a result of the extended auction time.
     
  15. urljunky

    urljunky Top Contributor VIP

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    Sounds like a win win for GD....Hmmmm
     

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