auctions Look at bidding war for WorldAirways.com

[LarryDomain]

Yikes! There's still a couple of hours left but worldairways.com is now over $65,000!! Guess someone needs to get it bad!

 

[Kate]

Even though the airline is defunct, there could still be enforceable TM rights.
Maybe the bidders are in for the traffic.
But starting a new company on the exact same name of a failed company is not something for everyone

 

[Eric Lyon]

Here's @equity78's post on it:

• http://tldinvestors.com/2017/05/someone-really-wants-worldairways-com.html

Hope that helps,

 

[Joe Styler]

We don't let people get cash back on the auctions. The reason behind that is we want each bidder to be on a level playing field, which is also the reason we only take bids in US dollars. We want everyone's bid to cost the same amount so you be be confident that if you are willing to pay $100 for a domain the person bidding against you is also paying $100 for their bid not 18% less or anything less. That concept of an equal bid for all parties is very important to us.

 

[equity78]

ummm IT EXPIRED? umm with all this publicity? couldn't the original owner at this point plop down $80 to redeem it? at least now he or she knows there's interest?

The registrant is a defunct airline, no one there anymore. Of course someone who worked in IT could be smart and try to figure a way to renew.

 

[equity78]

@Joe Styler , why on earth do you make auctions on domains that still are on the renew grace period and can be renewed? what is the reasoning behind this?

Paul Nicks answered this years ago:

Ms Domainer, re: the 42/45 day question:
Good question and one that I sincerely hope I can clarify. First, I’ll underscore a point I made in the interview, we created the system to give our registrants the ability to keep or redeem their name as long as possible. With that as the backdrop, hopefully the following explanation will make more sense.
For many TLDs we are given a grace period of up to 45 days after expiration to decide whether to keep or drop a domain. On the 25th day after expiration, after three attempts to contact the registrant, we put our expiring inventory onto the Go Daddy Auctions platform to see if any of our other customers are interested in acquiring them. During the entire time a domain is at auction the current registrant is able to redeem that domain, albeit for a fee.
On the 42nd day we will cancel the domain name if no other customer has expressed an interest in it via either the auction system or a Go Daddy backorder. If, however, a customer has expressed an interest via either of these platforms we will move the domain to their account on day 43. Since the domain is still in the Go Daddy ecosystem we do allow, in rare circumstances, the original registrant to get the domain back via our redemption system up until day 45 which signifies the end of the grace period.
Our help documentation (http://support.godaddy.com/help/art...s-for-handling-expired-domain-names?locale=en) specifies day 42 for deletion because our registrants need to understand that if they do not redeem prior to that date they could lose their domain forever. However, we will continue to err on the side of the registrant when it comes to the edge cases where a domain owner calls asking whether they can get their domain back after day 42.
I hope that helps ease any confusion around this topic.

-Paul

http://tldinvestors.com/2012/08/quick-chat-with-paul-nicks-go-daddy-aftermarket.html

 

[uglydork]

WOW! I was thinking of going to 5K on that and it took off

 

[WhoaDomain.com]

ummm IT EXPIRED? umm with all this publicity? couldn't the original owner at this point plop down $80 to redeem it? at least now he or she knows there's interest?

 

[LarryDomain]

I bet Godaddy is the shill bidder and knew that bidder 10 had a high bid limit. Remember they have access to bidders bid.

Conspiracy theory!! So never put an over the top offer like 1,000,000 on an auction. Some one can push it way over it's real value.

 

[Bros]

Damn, curious to see if it crosses $100,000.

 

[uglydork]

I was going to bid on it until it went crazy

 

[Bros]

Probably has a very strong backlink profile, but who knows what that is worth.

 

[canswift]

I watched this one. No last minute bids or time extensions. My GD interface is set for Canadian dollars and this closed at $90,535 Canadian. This is around $66,500 US. Looks like it was bidder number 10 that got it.

 

[Dominic Belley]

eBates does not offer cash back for bulk registrations if it involves more than 5 registrations. I am not sure if they offer cash back for auction. thanks for tip though.

Why are you talking about bulk registration?
This is a single auction. The buyer can get his 18% return today on eBates. It is the active rate.

 

[DomainVP]

Yes, now let's see if they pay... or if it's renewed by the owner due to all of the hype

 

[wwwweb]

The likelyhood of 2 buyers willing to pay that same range is very rare. I could see 1 buyer, but not 2 creating such a buzz. I put my money on idiots from overseas trying to circumvent the system. If it is a legit sale, great for the industry overall, but end users are not so fast, and loose in auctions for the most part.

I was once awarded an auction, before it was renewed in a similar situation that ended in over $1M+, the owner was in on it, and they were quickly suspended from the platform. Only difference is this is a defunct entity.

If it is an end user, what airline is the buyer?

 

[wwwweb]

wow! you were in on a $1M auction? That's all I "heard" from that post. lol

did not know there were people on NP buying at such high prices???

Baller!! so if thee owner was in on it and suspended? do you get the domain for significantly less?

It was on godaddy, the owner of the domain decided to bid on his own expiring domain in order to get a sucker bid to take the bait. They kept bidding every 5 minutes in order to get a sucker to take the bait, they took the auction to $1.25M I believe, in doing so I guess they were hoping to set a history precedence for their domain also. Many blogs picked up the story, this probably goes back 2 years. This is a different situation, as it is a defunct situation.

 

[Sinh]

Godaddy.com 7 days pubic auction have great domains sometimes and they are always set with price reserve that people can place bids like crazy if they know the price reserve until before it meet reserve at 1 or 2 bids. I have seen this sometimes.

For expired domains, KCAI.com is reaching near $9,000 at GD auction, it will end today. It's unbelievable with "ai" domain now. And wpai.com just sold for $9,500 at Sedo

 

[Dominic Belley]

Shows 9% as active rate on their site now. But regardless, do they pay a rebate for auction purchases? Still well worth it.

Register on ebates canada its 18% today

 

[Michael]

I would guess but I have not researched it, that last year the domain got renewed, Namebio once they list a domain as sold does not go back and remove for renewals unless someone contacts @Michael I try to do that when I see one so Michael can make an edit.

The reason the dates are exactly the same is that the names don't actually drop, so when you win an auction the expiration date is the same as it was before. And because GoDaddy's drop cycle doesn't change, if you don't renew your auction win the next year the auction will close on the exact same day.

It isn't an indicator that the name was renewed and the first auction invalidated, or an indicator that the subsequent auction is likely to be renewed. Although logically you would assume that if someone just paid four figures for a domain that they aren't going to drop it in less than a year. But it happens. I don't review enough of them manually to say which scenario is more likely though.

The reason I don't review them is clear from WorldAirways.com. It went under privacy immediately after the original auction so no way to know if it was redeemed or the auction completed. The name servers had been on paetec.net since 2011 and never returned to them after the initial auction, so you could argue that the first auction likely completed. But again, no way to know with any level of certainty.

And privacy continued after the second auction with no change to the name servers, so literally no way to know what happened there. You may assume it was renewed, but that is just a guess since maybe the new buyer just hasn't set up a site yet and had a reason to change the name servers, and I don't want to remove potentially valuable data on a guess. A lot of auctions go down like this on GoDaddy.

Manually reviewing the data for so many auctions would be impossible. And doing it programmatically would be inaccurate. Someone could renew it and change the WHOIS info, many times the reason it expired is because the info wasn't kept up to date. That would look like a successful auction (i.e. changing hands) when it really wasn't. Or maybe the auction was successful but the WHOIS doesn't change, or someone intentionally keeps the WHOIS the same so we'd automatically delete the record.

I did a long post about this issue a while back and discussed some of these issues. Also the cost of WHOIS history API calls to programmatically "verify" these sales would be more than NameBio earns because of the high volume (remember we're recording all GoDaddy results $12+). All that cost and we still would have no clue on half the auctions, and make many wrong calls on what to keep or what to remove. We'd probably only be able to accurately verify a quarter of the results or less, we'd still have sales that didn't actually complete in our database, we might remove sales that did actually complete. Just not worth the effort or expense.

So yea, it's a pretty crappy situation. But GoDaddy is too big and important of a venue to have no data on, so it is kind of something we just have to cope with. Don't want to throw the baby out with the bathwater.

If you're going to use a GoDaddy record as a comp in a purchase decision or sale, check WHOIS history first and try to figure out if it actually closed. If you find one that you're pretty sure didn't, shoot us an email, it just takes a second. Or better yet if you win an auction and it gets renewed on you, forward the email to us so we can remove the record. That alone would go a long way in helping to keep the data clean.

 

[tonecas]

the buyer:
http://777part.com/who_we_are/

 

[WhoaDomain.com]

Yikes! There's still a couple of hours left but worldairways.com is now over $65,000!! Guess someone needs to get it bad!

where is such a bidding war going on at? I always am interested in where actual high bidding is going on for domain auctions. Thanks.

 

[WhoaDomain.com]

Damn, curious to see if it crosses $100,000.

more than likely.

 

[mitch007]

its here

https://www.godaddy.com/domains/sea...vail=1&tmskey=&domainToCheck=worldairways.com

interesting... this airlines went out of business a few years ago... wonder what is going on?
https://en.wikipedia.org/wiki/World_Airways

 

[WhoaDomain.com]

I wonder though with domains of this quality does Godaddy FOR FREE actively reach out to ALL possible endusers or potential buyers?

I under effective no matter what they will get a nice chunk of the commission.

sometimes I wonder though. if this weren't an expired domain. Would godaddy or any other marketplace actively reach out to domain investors on behalf of the Domain owner who paid to start domain auction?

I doubt it. I've always felt that the commission of these marketplaces are bit much considering that YOU as the domain owner do ALL the WORK and pay extra money to promote the auction via say Namebio.

I wish they could provide some more extra service like they obviously do with the expired domains that become "Theirs" at expiration.

I'd be more than happy to pay their commission if I knew for a fact they actively tried to reach out to domain investors they know buy domains on a daily basis.