Just bought an awesome GD BIN auction domain, fake?

Discussion in 'General Domain Discussion' started by nick3, Feb 5, 2017.

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  1. nick3

    nick3 Established Member

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    Hi everyone,

    I just bought an awesome generic .com domain at GoDaddy auction for around 70 euro BIN. I don't want to say the name yet, but this one could be sold for thousands, think even 50k+. So I am probably being scammed..? Of course I have to wait 14 days, but I am already looking forward to a GD email with bad news... Ever happened to anyone of you?
     
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  2. maxtorz

    maxtorz Established Member

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    Post the domain...
    It happens to me all the time, if it's a Godaddy Expired auction the owner can renew it at the last moment and you simply get a refund.
    I was the winning bidder of L*a*p*t*o*p*P*a*r*t*s.com(expired) not that long ago for $2500 and owner renewed it last minute and I got refunded.
    I also got great names too, so it's a bit of luck on the GD expired auctions...
     
  3. nick3

    nick3 Established Member

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    It wasn't expired but listed. And no I will post the domain after I got it in my account.
     
  4. maxtorz

    maxtorz Established Member

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    No you are not being scammed if it was a regular listing on GD.
    I can't wait to find out your 50k .com generic domain that you purchased for 70euro.
     
  5. nick3

    nick3 Established Member

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    Well I have read some things about owners who suddenly can't provide the domain. But I have to wait now I guess.
     
  6. sofiapartner

    sofiapartner Active Member VIP

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    Are you sure it is Buy Now and not Make Offer ?
     
  7. nick3

    nick3 Established Member

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    Haha yes. I already paid and it's pending at 'incoming transfers'.
     
  8. wwwulff

    wwwulff Active Member VIP

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    If it is too good to be true it probably is - good luck
     
  9. Haris100

    Haris100 Business Account Business Account VIP

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  10. nick3

    nick3 Established Member

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    Agree.
     
  11. nick3

    nick3 Established Member

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    100% no typo, what is IDN?
     
  12. sofiapartner

    sofiapartner Active Member VIP

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    OK. Then carefully check if its not mispelling. If not

    1. Either the domain is not worth 50K+
    2. Something is wrong.
    3. The transfer wont go through
    4.You are really lucky.
     
  13. nick3

    nick3 Established Member

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    Probably 3..

    BTW: the domain was listed less than an hour and I bought it immediately.
     
    Last edited: Feb 5, 2017
  14. maxtorz

    maxtorz Established Member

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    Menus.com sold for $70 back in 199X and flipped for 25k...and in 2017 people buying 70Euro domain with 50k value? common now :))) It's not the lottery anymore
    I think people definition of "generic .com domain" has been stretched a bit....
     
  15. Dun

    Dun Established Member

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  16. Avtar629

    Avtar629 MarketDN.com Business Account VIP

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    you never know. you can get lucky on GD sometimes. that's how I ended up with 885888.net for low low $xx.

    it sold for $4800 at some point in 2015.
     
  17. TDM

    TDM Established Member

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    So basically GD would give you a free evaluation of real world selling price plus research of buyers? .. then simply pay renewal fee and walk happy?

    what I'm missing here?
     
  18. maxtorz

    maxtorz Established Member

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    NO, $2500 was my winning bid for that expired domain, and the owner renewed it the last day.
    GD will simply refund you your money.
    GD doesn't provide any "evaluations"...and LaptopP*A*R*T*S.com is worth more then 2.5k....that was just my final bid.
     
  19. urlurl

    urlurl Active Member VIP

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    maybe the owner listed an auction and forgot a few extra 0's on the buy it now price

    can you give us a clue (.com, .net, dictionary word, 4L, etc)
     
  20. urlurl

    urlurl Active Member VIP

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    some sellers do this on purpose - let it go to expired auction to see what it will sell for and get interest in the name. and some are just asleep at the wheel
     
  21. TDM

    TDM Established Member

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    thanks @maxtorz!
    think I understood. You have been on the opposite side of my example.

    I meant:

    When I have a domain at GD, letting it expire.. then seeing it rises quite nicely.. I at least know what price *right now* peeps are prepared to pay for it.

    Then I go on and just renew..
     
  22. TDM

    TDM Established Member

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    @urlurl
    that's what I was wondering
     
  23. maxtorz

    maxtorz Established Member

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    haha got it. I am aware of that, I didn't know people had time to risk their assets like that.....
     
  24. urlurl

    urlurl Active Member VIP

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  25. TerriJ

    TerriJ Established Member

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    Oh, do you mean when you have a domain that's about to expire, listing it on GD to gauge interest and selling possibility/probability... and if people are interested, renew it.

    Otherwise let it go?

    ---edit: I re-read your post. You actually have it posted on GD and you let it expire while it's still posted on GD??
     
    Last edited: Feb 5, 2017

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