Moniker GeoDomain Live Auction

[airwav]

Anyone know what time this starts?

Here is the link:
http://marketplacepro.moniker.com/auction/detail.html?auction_id=182

To all that have names in the auction, good luck! %%-

 

[scandiman]

In most auctions this would be called "shilling". Yes, I realize that the shilling took place below reserves, but it is still shilling IMHO, and very tacky.

Marc

My understanding of shill bidding is actual people planted in the crowd, paddles in hand driving up prices. This is not what I saw.

 

[abcproductions]

scandiman, you were right calling them phantom bids. can also be called phantom shill bidding. anyway you slice it, it needs to be done away with.

 

[gramma]

what still bothers me is that the domains were registered AFTER the date the ordinary people could even submit domains
But that is moniker's call.
I guess if we want to make the rules we should run our own auction huh :hehe:

Anyone know if there are any bids in the silent yet?

 

[airwav]

what still bothers me is that the domains were registered AFTER the date the ordinary people could even submit domains
But that is moniker's call.
I guess if we want to make the rules we should run our own auction huh :hehe:

Anyone know if there are any bids in the silent yet?

Agreed!

 

[creature]

As a participant in the geodomain auction, the most troublesome aspect for me was what I call phantom bids. This was termed 'bidding on behalf of the seller' by the auctioneer and was disclosed before the start of the auction.

Where and how was that disclosed?

 

[scandiman]

Where and how was that disclosed?

This was announced verbally to the audience just prior to the commencement of the auction.

 

[creature]

This was announced verbally to the audience just prior to the commencement of the auction.

My guess is that either perhaps you have misunderstood the announcement or they did not make whatever they were saying very clear. I don't believe that any auctioneer in any live auction would invent invisible bidders. Even with an announcement at the start, that would probably be off-putting or misleading to a genuine bidder in the room.

 

[jacal1]

Anyone have an update about the silent?

 

[abcproductions]

no bids so far in the silent auction.

 

[scandiman]

My guess is that either perhaps you have misunderstood the announcement or they did not make whatever they were saying very clear. I don't believe that any auctioneer in any live auction would invent invisible bidders. Even with an announcement at the start, that would probably be off-putting or misleading to a genuine bidder in the room.

I understood perfectly and it was indeed off-putting as a participant. On more than one occasion I witnessed the auctioneer calling out the first price before he even looked up from the podium. It was pretty clear when real bids had been engaged, the spotters would do an audible to alert the auctioneer. I never saw a phantom bid follow a real bid, that would be clearly unethical IMO.

 

[abcproductions]

I never saw a phantom bid follow a real bid, that would be clearly unethical IMO.

i can understand that procedures at various auctions may differ but i thought a fake or false bid at anytime was unethical.

 

[creature]

I understood perfectly and it was indeed off-putting as a participant. On more than one occasion I witnessed the auctioneer calling out the first price before he even looked up from the podium. It was pretty clear when real bids had been engaged, the spotters would do an audible to alert the auctioneer. I never saw a phantom bid follow a real bid, that would be clearly unethical IMO.

Apparently genuine bidders in any auction create a live market value and give confidence to an individual bidder to place the next highest bid. Therefore I would have thought that anything other than a genuine bid might generally undermine the confidence of the bidders. I guess 'bidding on behalf of the seller' must be a genuine practice at live auctions, although I think it would be an unnecessary (slightly silly) thing to do imo.

 

[scandiman]

i can understand that procedures at various auctions may differ and but i always thought a fake or false bid at anytime is unethical.

That is my sentiment as well, but not being an auction expert I stop short of calling it fraudulent.

 

[JEV1]

Have read with interest the comments regarding Moniker's Geo Domain Live Auction and am prompted to make my initial post. For what it's worth .........
Moniker's interest in the domain market is solely to make a profit. The Live Auction format I assume has been quite profitable . Moniker solicites domain name submissions from the public with no expressed guarantee of inclusion in the live/silent auction or of the quality/integrety of the auction being proposed. The manner in which Moniker selects names/ promotes it's auctions/ directs it's auctioneer/ or any other business practice regardless of the public perception of morals or ethics is at their sole discretion. However, indiscretions as noted above will damage Moniker's ability to profit from these auctions as I'm sure will be the case for their GeoDomain Auction.

 

[Malaysia]

i wonder of all those names that abc mention by the same person..how many are sold? or its in silent auction?

 

[abcproductions]

i wonder of all those names that abc mention by the same person..how many are sold? or its in silent auction?

they are all in the silent auction...so far there have been no bids on any names at all

 

[Kenny]

Have read with interest the comments regarding Moniker's Geo Domain Live Auction and am prompted to make my initial post. For what it's worth .........
Moniker's interest in the domain market is solely to make a profit. The Live Auction format I assume has been quite profitable . Moniker solicites domain name submissions from the public with no expressed guarantee of inclusion in the live/silent auction or of the quality/integrety of the auction being proposed. The manner in which Moniker selects names/ promotes it's auctions/ directs it's auctioneer/ or any other business practice regardless of the public perception of morals or ethics is at their sole discretion. However, indiscretions as noted above will damage Moniker's ability to profit from these auctions as I'm sure will be the case for their GeoDomain Auction.

Welcome to NamePros!

 

[abcproductions]

i'm sure Monte or someone from Moniker has checked this post in the past 24 hours, yet no posts or explanations have been forthcoming regarding two issues that i hope they address.

still waiting for Monte to explain:

1) how registrant Gilbert and Partners Ventures got approx. 1000 domains (registered 9/20/07) included in the Geo silent auction. does Moniker have a relationship with this registrant that gives them special consideration above other submissions?

2) what is this about fake/false/phantom bids during the live auction? during the Geo live auction, is it true that the auctioneer pretended that bids were made when, in fact, there was no bid?

 

[wot]

There will be more and more participants in the auction arena now that they have seen what can be done.

It would appear that the latest auction has most definitely not lived up to expectations for a variety of reasons, auctioneers having no knowledge of what they are selling being one factor - but the newcomers will have watched and learned.

Snapnames have their own variation coming up soon - that will be interesting to see how they select the names that are allowed to participate and what results they achieve accordingly. Personally I think they will be a huge success with their background knowledge of knowing what the catchers are looking for being the major factor.

IDN' will also soon be a factor in the market place but far more knowledge is needed by the "sellers" to make that a success- it may well have to be the IDN Roadshow , independent of the ascii marketplace :gl:

The coming year will be very interesting as the major players battle for position - can only be good for domaining in general.

 

[abcproductions]

There will be more and more participants in the auction arena now that they have seen what can be done.

i agree completely. i expect many new quality auction events in 2008.

still no bids on any names in silent auction yet.

here is a recap of what sold in the live auction:

Domain Name Sold Price

beverlyhillsrentalproperty.com $600
hackensack.com $20,000
centralmissouri.com $3,000
maltaillinois.com $250
oakland.info $5,000
shorthillsnewjersey.com $1,000
dallasrealestatebroker.com $2,500
ameliaislandhouses.com $1,500
ftpierceflorida.com $1,000
sacramento.org $24,500
lagunabeachhouses.com $10,000
fountainhills.com $15,000
kazakhstan.net $15,000
colombianews.com $5,900
perth.com $200,000
ewisconsin.com $3,500
marylandbeachfront.com $250
sanfranciscocalifornia.us $4,000
congo.org $7,000
beverlyhillsrealestate.us $1,500
southparkcolorado.com $600
ebrooklyn.com $2,250
seattlewashington.us $2,500
santamargarita.com $1,250
murrieta.com $19,000
santaynezcalifornia.com $1,000
fresno.us $4,800
molokaihawaii.com $600
roads.us $3,250
northdakotanews.com $4,000
territory.com $52,500
213.com $33,000
honduras.biz $300
408.com $33,000