question Just saw an auction - Should the rules change?

[johnn]

I just saw an auction.

"Ending 50 days after the last bid"

Does it make sense?
Should the rules change?

Or you think it's OK???

Edited by moderator to add auction for context: https://www.namepros.com/threads/makemoney-com.1367095/

 

[URL Expo]

If marketplaces ran auctions like that, they would have gone bankrupt long ago. It's insane.

 

[bmugford]

That's ridiculous. Should not be allowed.

Brad

 

[Simon SE]

Surprised it's not already in the rules.

 

[johnn]

Because of the ending date. Some members may bid even if they don't have the money because they think the auction will never end.

 

[bmugford]

Because of the ending date. Some members may bid even if they don't have the money because they think the auction will never end.

It could last for years...

Brad

 

[URL Stream]

It could last for years...

Brad

With the domain name we’re discussing, it all clicks into place

 

[Hypersot]

I don't know which auction is that but maybe they intended to write 'hours' instead of 'days'?

 

[johnn]

Someone’s posted a comment about 50 days and the post was deleted. It means 50 days not hours

 

[alcy]

mod told me it's ok cause end time rule state no limit

but that just means its time to add limit

cause it's stupid

and abused

according to mods and rule it is ok for me to make aucton that ends 50year after last bid

when winner is dead.

 

[Dream Domains]

If you list an ultrapremium starting at $1 with no reserve, you should give everyone a chance to participate.
The traffic from the domain is redirected to the auction page.
More forum views = more new member registrations = more business.
This is good for everybody.
Lets see how it goes.

 

[alcy]

If you list an ultrapremium starting at $1 with no reserve, you should give everyone a chance to participate.
The traffic from the domain is redirected to the auction page.
More forum views = more new member registrations = more business.
This is good for everybody.
Lets see how it goes.

very nice name but do u plan to give ownership to winner after 50day????

 

[Echo Mod Team]

It appears that the following auction is what is being referenced here: https://www.namepros.com/posts/auction-makemoney-com.9487269/

We can also see a report where the same domain and member ran an auction that was not honored and resulted in an account restriction/ban here: https://www.namepros.com/threads/makemoney-com.1300134/post-8909079

The rules on NamePros effecting end times are:
6.1.6 applies, starting bid, bid increments (default: $1 USD), specific end date and time including the time zone or a relative end time (suggested: 72 hours after last bid) with an optional end date and time (including the time zone) that specifies the earliest time an auction can end (note: the relative end time can extend the auction), and payment options.

6.1.24. Participatory criteria (e.g., eligibility) and restrictions (e.g., blocked members) on sales listings and auctions must be reasonable (e.g., “bidders must have ten positive Trade Reviews” or “established members only”), must not require unnecessary actions to be performed, and must be nondiscriminatory based on race, gender, personal preferences or opinions, etc. Rule 6.1.13 applies.

The end time appears to be transparent, and a reasonable end time may be subjective to different people.

If for any reason the seller does not honor the auction terms they are now bound to (Since there are active bids), their account would be subject to the same action(s) that happened in the previous auction, 2 years ago for the same domain.

It's our hopes that they will honor this auction, this time, so moderators don't have to get further involved.

 

[Dream Domains]

very nice name but do u plan to give ownership to winner after 50day????

Yes. Do not jump into conclusions yet. Lets see how it goes.

 

[Daniel Owens]

Ridiculous in my opinion, I think now more members will do this because it's been given the green-flag by mods as fully allowed and supported. What's to stop 1 year after highest bid or later than that. Fifty days could encourage people to bid who don't have funds because they see it as never ending. I will be watching the auction to see how it does

 

[alop]

@Business Brands, congratulations on earning yourself the first ban of a veteran member in 5+ years.

hahahahhhahaha I think max should be 5 days and even then that's pushing it! 72 hours is fair

 

[johnn]

Mod can let this one go as it does not violate any rules but a new rule should be in effect TODAY. The longest one should be 7 days. That’s more than enough.

 

[The Domainiac]

Not sure what the endgame is on that auction. MakeMoney.com would realistically last for years.

 

[Daniel Owens]

Not sure what the endgame is on that auction. MakeMoney.com would realistically last for years.

For some reason he thinks 50 days after is a good way to MAKE MONEY. And yeah it could theoretically last for over a year.

 

[equity78]

Not sure what the endgame is on that auction. MakeMoney.com would realistically last for years.

Absolutely you can make that auction never end, there are a lot of spiteful people in this industry and a lot of trolls. Wait til day 49 increase the bid $1 comeback 49 days later do it again, this auction will never end if a few people decide they want to play the game.