Longest running drop auction? Five Nines

[offthehandle]

Just went to Dropcatch. Anybody seen this before, this long?
6 hours now. Still going now.

Five Nines has been going on for hours!!!
between 2 bot's or bidders or????

https://www.dropcatch.com/Domain/FiveNines.com $19,506 right now.

6 Hours + now.

 

[FastCars]

I wasn’t bidding as an investment. It was something I could use. I eventually quit because bidding against an external bot (what it looked like to me) didn’t feel like a fair fight. I did pay a lot of attention yesterday. You will see I had proxy bids put in at different times, but I had to manage it most of the day to make sure I didn’t miss a 5 min window when the other guy jumped proxy.

 

[FastCars]

There are a few of us who watch closely on aberrations like yours. I have been a DC customer for several years there and always felt they have dealt with me honestly, respectfully and directly. You can contact the owners themselves, and they will answer.

Can you describe in detail what occurred? You said the "Auction ended" above, but not sure how that you knew that, have a screenshot and how that was confirmed and what transpired.

It flipped to a page saying the auction had closed and that FastCars was the winner. I took a small clip of that so I could post it elsewhere, I left out the site, my name and the money bit as that wasn’t necessary. I wasn’t expecting the site to resume, or I would have certainly screengrabbed the entire thing.

 

[rh2000]

There are a few of us who watch closely on aberrations like yours. I have been a DC customer for several years there and always felt they have dealt with me honestly, respectfully and directly. You can contact the owners themselves, and they will answer.

Can you describe in detail what occurred? You said the "Auction ended" above, but not sure how that you knew that, have a screenshot and how that was confirmed and what transpired.

This seems to be happening a lot. Every time I come to Namepros somebody is complaining that one of these auction companies declared them the winner after the auction ended, but
they still loose the auction.

 

[wwwweb]

It flipped to a page saying the auction had closed and that FastCars was the winner. Iook a small clip of that so I could post it elsewhere, I left out the site, my name and the money bit as that wasn’t necessary. I wasn’t expecting the site to resume, or I would have certainly screengrabbed the entire thing.

The coding must have a command where no more bids can come in once closed, so their was some proxy bot that must have placed a bit in the final second of that round, to kinda trigger a true false command to get the auction to continue.

I have to commend fastcars for keeping their composure, if that happend to me, and then to go to $35k, and lose again I would literally lose it, especially on a 10 hour bidding binge.

 

[offthehandle]

The screen should have said "Fastcars is the winner" Under the name. That's confirmation.

 

[FastCars]

Yes, it absolutely did. FastCars was listed as the winner right underneath.

 

[offthehandle]

Yes, it absolutely did. FastCars was listed as the winner right underneath.

Identical screen to what I posted?

 

[FastCars]

I sent DropCatch an email with a pic right after it happened, before I continued on until it felt like a dishonest effort against me. I haven’t heard back yet, but it is a weekend, and if they get their money from 420, he apparently needed the name more than I did.

 

[wwwweb]

Lets see if 420Domains shows up today, which would prove something is off as they have outstanding bids to pay for before they would be allowed to bid again, unless they been granted immunity.

 

[FastCars]

Identical screen to what I posted?

100%

I’m not the only witness either.

 

[offthehandle]

I sent DropCatch an email with a pic right after it happened, before I continued on until it felt like a dishonest effort against me. I haven’t heard back yet, but it is a weekend, and if they get their money from 420, he apparently needed the name more than I did.

They are a small company, and ime they don't work on weekends, just call tomorrow morning at their number.

 

[wwwweb]

420 is not a one off user such as yourself, they are an investor which makes this whole thread interesting as how an investor could afford to bid so high simply on the prospects of potentially flipping it on speculation.

 

[FastCars]

I don’t think they are going to say, “sure, we will give it to you where you won it”; 30k less than 420. Would be nice though. That’s what happened.

 

[rh2000]

The coding must have a command where no more bids can come in once closed, so their was some proxy bot that must have placed a bit in the final second of that round, to kinda trigger a true false command to get the auction to continue.

I have to commend fastcars for keeping their composure, if that happend to me, and then to go to $35k, and lose again I would literally lose it, especially on a 10 hour bidding binge.

How does that happen? The bidder and Drop Catch might be working together.

 

[wwwweb]

I don’t think they are going to say, “sure, we will give it to you where you won it”; 30k less than 420. Would be nice though. That’s what happened.

If you want to push the topic, force them to impose their payment terms, so payment must be submitted by Wed 8AM PST, in which case 420 would be in default.

 

[offthehandle]

@DropCatch Support

Contact Jeff. https://www.namepros.com/members/jeff-reberry.984985/

Thread on 420 someone posted before, JB posted the link above in this thread.

https://www.namepros.com/threads/sh...cannabis-domains.777011/page-459#post-6710947


Did you read the entire thread? I saw this time change. I suppose an API reset was made?

https://www.namepros.com/threads/longest-running-drop-auction-five-nines.1126088/page-2#post-7131312

 

[FastCars]

420 is not a one off user such as yourself, they are an investor which makes this whole thread interesting as how an investor could afford to bid so high simply on the prospects of potentially flipping it on speculation.

Right. I thought that was in my favor, as he had to account for retaining room for “margin”, and I did not. As you have all pointed out, there are not very many places this domain would have been worth that much to.

 

[offthehandle]

This seems to be happening a lot. Every time I come to Namepros somebody is complaining that one of these auction companies declared them the winner after the auction ended, but
they still loose the auction.

The problem is with other platforms that do not ID the bidder- like GD- you have API's all over the place from who knows where and names being auctioned by the owners themselves, who can have friends bid just like the 2017 bidding mess. I stopped completely bidding there.

DC auctions for dropped names are clearly listed, they id bidders, and they blank out any names you list as a private seller to insure it's impossible for the owner to bid on any names listed for sale. They have a good system and I trust it.

 

[offthehandle]

No "Accidents" on DC, unlike 2017's huge scandal:

https://www.namepros.com/threads/bidding-on-your-own-names-at-namejet.1030874/

The arrows are my listed names, the bid box does not exist, as you can see the interface was designed well.

 

[FastCars]

I'm not trying to bash DC or anything like that. I clearly don't know much about this business or have any experience with it (I have no clue what the 2017 scandal was, for example).

What did happen is my wife and I watched and refreshed the screen as the clock went to zero with my bid being $5,306 (two other people I know where watching elsewhere as well). This was at 2:00 CST yesterday. The page flipped to saying the auction was closed and that FastCars was the winner. We had a moment of celebration at home, and I had time to post in two other locations the news that I had purchased that domain. I got up from my desk to go upstairs and looked at my phone, where I saw the price suddenly going up and the clock was still ticking away. I went back downstairs and refreshed only to see the auction was continuing. That happened. exactly as I stated it.

The rest you saw was me trying to fix it by outbidding some bot, which DC states they don't support unless otherwise approved (weird thing to say, IMO).

I was willing to pay well above market for this domain, one I would have put to use immediately. I thought that is exactly what a site like DC was for, and that I was their target audience for something like this. I eventually gave up, not because of the overall spend, but because I got convinced that this wasn't on the up and up. Just didn't feel right, and I've learned to go with my gut. It was also a long day of watching this thing, it was late, and I was a bit tired.

Tomorrow I will call DC and chat about the entire thing, try to see if anything can be done about it, but I don't have any expectations on the matter. It will just be an interesting footnote out here.

I very much appreciate all of your thoughts and comments on the matter. Good luck to all of you.