auctions Jinsha.com (mid six figures) on DropCatch

[Ms Domainer]

According to TNT Names, the bidding for Jinsha.com is in the mid-6 figures.

http://www.tntnames.com/blog/jinsha-com-bidding-up-to-423000-on-dropcatch.html

​

I can tell you what I know about the term Jinsha, because info came up last year about this term, and I did a little homework on it.

1. Jinsha is a famous archaeological site in China's Sichuan Province. The site is located in the Qingyang District of Chengdu Prefecture, along the Modi River (摸底河). It was named for a nearby street, itself named after the Jinsha River. This, in itself, is a big deal.

https://en.wikipedia.org/wiki/Jinsha_(archaeological_site)​

2. The Sands casino owns a TM on the term "Jinsha," so whoever wins the domain needs to take care on how the winner uses the domain. I would think that if the buyer does not use it for gambling purposes, he or she might be okay, given its GEO and generic meanings. But I suspect that the high bidding has little to do with the Geo aspect. Just saying. (BTW, "Jinsha" means “golden sands” in Chinese.)

http://www.gamblinginvest.com/golden-sands-jinsha-drops-domain-auction-dropcatch/

http://www.onlinecasinosvegas.com/news/20140629/adelson-goes-after-asian-domain-holders/
​

If you're bidding, take care.



UPDATE: Here is the link to the auction (not mine), which probably won't be live for long. At this posting, the high bid was $460,160:

https://www.dropcatch.com/Domain/jinsha.com​

 

[Nile Patel]

It is not his job to tell you, nor do I think he knows it to a T, it is just surface knowledge, you need to find the source, and ask them directly. Use google, how hard could it be, roll up your sleeves, and do some back checking.

I tried my best level in last November and put this subject on side and that's why i m here with all of you experts in case if someone able to find out how this whole bidding work in china.
You are claiming there is a platform but not sharing that platform name so i think please do not claim if you do not know the name.
We all are talking here in air without going close to the real facts.

 

[Nile Patel]

I'm not hiding anything. I'm stating the facts as I see them from my perspective.

I m not saying you hiding, what ever you facing i have same problem and that's why asking all of you expert to dig more and lets find out why only this 2 bidders investing such amount of money and how they getting this big amount unless they both investing their own money then all the whois data should go to only that 2 person's name which is not happening after auction ends, so how this few active account bidding based on what kind of investment sources.

 

[iAchilles]

@Nile Patel

I suggest you search baidu.com for "dropcatch.com" you'll have to sift through domain investor forums and use very bad translations to find the info, that or talk to a Chinese domainer. From a quick search it appears different parties offer to help other users to bid on various platforms.

 

[wwwweb]

I tried my best level in last November and put this subject on side and that's why i m here with all of you experts in case if someone able to find out how this whole bidding work in china.
You are claiming there is a platform but not sharing that platform name so i think please do not claim if you do not know the name.
We all are talking here in air without going close to the real facts.

What do you possibly want to achieve by using such a platform. I would assume these people in China, have issues reading the site, and submitting payment, this intermediary most likely alleviates such issues for a cost. I don't understand your purpose of attempting to sign up there, unless you want to bid with the confidence of not having to pay for your bid, if you get caught in a bidding war?

 

[Nile Patel]

What do you possibly want to achieve by using such a platform. I would assume these people in China, have issues reading the site, and submitting payment, this intermediary most likely alleviates such issues for a cost. I don't understand your purpose of attempting to sign up there, unless you want to bid with the confidence of not having to pay for your bid, if you get caught in a bidding war?

I m trying to figure it out that all bids are real bids and what we are paying is market prices and not fake bid prices that is my main motive.

If we do not get source of this platform how do we judge how they doing at local level.

 

[Name Trader]

@Nile Patel - You are not paying market prices all the while there are bidders on DropCatch.com who have no penalty for not paying their winning bids.

 

[wwwweb]

I m trying to figure it out that all bids are real bids and what we are paying is market prices and not fake bid prices that is my main motive.

If we do not get source of this platform how do we judge how they doing at local level.

For the most part their patterns involve chips, and numerics, and Chinese type names, with some of the English Keyword they are crossing over. Dropcatch is one of those platforms, where 99% of the time you are going to get outbid, and outbid again. These guys sit there and wait for the last few seconds, then hit the bid again, relentless. Somedays I see names sell for more than what an end user would pay, it is really a site where you need to exercise serious discipline, or they will make you pay.

 

[Nile Patel]

@Nile Patel - You are not paying market prices all the while there are bidders on DropCatch.com who have no penalty for not paying their winning bids.

You may be right we have to be very careful when we bid opposite to this Chinese buyers, unless some good keyword domain expire and we only bid with local buyers.

 

[wwwweb]

You may be right we have to be very careful when we bid opposite to this Chinese buyers, unless some good keyword domain expire and we only bid with local buyers.

For whatever reason, this site always has a two way bidding war, I don't think there has been a single time where someone just backs off, and says maybe I will let this guy have it. It is fierce, then when you finally get one monkey off your back, some Chinese bidder clues in that these two fools are fighting over this it must have value, and then they take it, and bid crazy, most likely not knowing what they are really bidding on.

 

[Nile Patel]

For the most part their patterns involve chips, and numerics, and Chinese type names, with some of the English Keyword they are crossing over. Dropcatch is one of those platforms, where 99% of the time you are going to get outbid, and outbid again. These guys sit there and wait for the last few seconds, then hit the bid again, relentless. Somedays I see names sell for more than what an end user would pay, it is really a site where you need to exercise serious discipline, or they will make you pay.

Your point make sense , we all has to keep discipline when we bid there , but for certain kind of names you has to go there and bid and i have won many names which has already doubled in prices its all about market up and down timing but that is completely different topic.

 

[Name Trader]

You may be right we have to be very careful when we bid opposite to this Chinese buyers, unless some good keyword domain expire and we only bid with local buyers.

As @wwweb intimated. DropCatch.com is not the kind of marketplace you want to be in an auction for a domain. You will waste a lot of time and money. Better to go look for your crumbs somewhere else.

 

[Ben Bien]

Not a real price until the sale goes through and $ is exchanged for jinsha.com.

Lots of stuff gets high bids and then either the sale falls through or the site fails later. Check out history of sgholiday.com, sold on Flippa and now it's dead. (Link to Flippa blog)

 

[wwwweb]

It has still not been paid, I guess they are not giving up hope.

 

[gemstar]

Oh how I miss the good old days

 

[wwwweb]

Oh how I miss the good old days

Good ol days when there was more inventory than bidders, or Halvarez was bidding you up?

 

[AndrewJK]

It has still not been paid, I guess they are not giving up hope.

Yup! Whois said that.
A few ???:
- Highest bid on China site (on behalf of first1, group of Chinese domainers)?. I guess it should be more than $700k, maybe $1M, who know!!!
- Who is make a war with first1? DropCatch stay far away?
- Why they/he/she bet on the domain which easy lost in UDRP? If they/he/she hold strong TM, just waiting for a while and filed a UDRP case after that.

 

[wwwweb]

Funny thing is first1 is still bidding on auctions today even though they have defaulted on previous bids, and have this big one outstanding? Any integrity on this platform?

 

[Name Trader]

@wwwweb - I don't think so. I also tried to find Andrew Reberry's membership here, to invite him into this thread, but no sign of him or @rebes (which, from memory, I recall was his membership ID here) in the NamePros memberships, as far as I can tell. I always recall him to be an honest straight talker.

 

[wwwweb]

@wwwweb - I don't think so. I also tried to find Andrew Reberry's membership here, to invite him into this thread, but no sign of him or @rebes (which, from memory, I recall was his membership ID here) in the NamePros memberships, as far as I can tell. I always recall him to be an honest straight talker.

I am just trying to figure out how first1 still have bidding status with an outstanding payment, and a non payment for that numeric domain that was not paid for, and then reauctioned...

 

[dordomai]

I am just trying to figure out how first1 still have bidding status with an outstanding payment, and a non payment for that numeric domain that was not paid for, and then reauctioned...

it's pretty obvious. Dropcatch is aware that it is a proxy bidding account and treating it differently.

 

[awei]

Hey, guys
You are missing the point
The deal will be closed for sure.
金沙 means gold sands
It's the Chinese name of a bigboy casino, Sands
Two very fat branches in Macau and Singapore
Also lots of online casinoes run under this name.

@Ms Domainer
@RU
@Insha010
@bludex

 

[wwwweb]

Still unpaid, I hope it does get paid would be an amazing sale, but they are way past their payment deadline.

 

[wwwweb]

Hey, guys
You are missing the point
The deal will be closed for sure.
金沙 means gold sands
It's the Chinese name of a bigboy casino, Sands
Two very fat branches in Macau and Singapore
Also lots of online casinoes run under this name.

@Ms Domainer
@RU
@Insha010
@bludex

You think LVS paid first1 over $700K for that name, they don't work like that.

 

[awei]

You think LVS paid first1 over $700K for that name, they don't work like that.

Yes my bad
I cant speak for others
What I meant is simply that it's not a suprising price.

 

[AndrewJK]

You think LVS paid first1 over $700K for that name, they don't work like that.

Yes, sure, but $2k+ they can.