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/

 

[equity78]

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.

If an auction was not honored why would that member ever be allowed back?

 

[Daniel Owens]

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.

I agree it's more about not selling a domain when you do that. It seems crazy. Also, what if they get an offer during the time of the auction that never ends. And, no rule against the 8 million USD bin either.

 

[Daniel Owens]

If an auction was not honored why would that member ever be allowed back?

I agree he shouldn't be allowed to offer this up again.

 

[The Domainiac]

The auction is the opposite approach of the name in my signature.

 

[Daniel Owens]

The auction is the opposite approach of the name in my signature.

I agree it's better to make money fast.

 

[JB Lions]

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.

This is clown show stuff where I imagine most here would agree to some sort of limits. You guys banned this member before for not completing an auction, yet still has PRO badge, still doing joke auctions, still constantly changing his nickname here, still trolling. What's the point?

 

[Dream Domains]

... still doing joke auctions, still constantly changing his nickname here, still trolling. What's the point?

This is not a joke auction. My user image is constantly evolving. I have 100% reputation. That auction was opened in good faith. Hold your anger.

 

[Daniel Owens]

This is clown show stuff where I imagine most here would agree to some sort of limits. You guys banned this member before for not completing an auction, yet still has PRO badge, still doing joke auctions, still constantly changing his nickname here, still trolling. What's the point?

Many things do make it a clownshow. As he tried to sell it before then list it again after failing to honor last deal. Then in listing it again fifty days after last bid.

 

[alop]

This is not a joke auction. My user image is constantly evolving. I have 100% reputation. That auction was opened in good faith. Hold your anger.

it really isn't 100% if you dont honour your auctions..but its not about your 'reputation' its more of NP setting a cap

 

[Dream Domains]

it really isn't 100% if you dont honour your auctions..but its not about your 'reputation' its more of NP setting a cap

I am an inventor, lets see which door I just opened.

 

[Daniel Owens]

it really isn't 100% if you dont honour your auctions..but its not about your 'reputation' its more of NP setting a cap

1,200 hours after last bid would have also attracted attention.

 

[alop]

I am an inventor, lets see which door I just opened.

You mean closed? Fingers crossed

 

[Dream Domains]

it really isn't 100% if you dont honour your auctions..but its not about your 'reputation' its more of NP setting a cap

The previous auction was cancelled because foodbank did not accept the bread I was buying and wanted to buy more with the sale proceeds. The purpose was defeated.

 

[Daniel Owens]

It should be done in hours and no more than 168 hours after final highest bid which is 7 days.

 

[Dream Domains]

It should be done in hours and no more than 168 hours after final highest bid which is 7 days.

Not for ultrapremiums, starting at $1 without reserve.

 

[johnn]

May be you can explain what’s the reason behind the 50 ridiculous days?

 

[Dream Domains]

May be you can explain what’s the reason behind the 50 ridiculous days?

I want to give everyone time and opportunity.

 

[Dream Domains]

I want to give everyone time and opportunity.

BIN can be lowered.

 

[Future Sensors]

BIN can be lowered.

From the current $8MM to $7MM?

 

[Dream Domains]

From the current $8MM to $7MM?

Many of the auctions I ran succeeded with lower bins. May be too early to express doubt?