advice My domain expired and sold for $15000 in GoDaddy auctions.

[hmk]

My domain expired and sold for $15000 in godady auctions.
I have question
1. What right registrar have to sell my expired domain in auction and take all money. (inatead of dropping name from registry or give money to original owner)

As this is not fair and registrar is getting big money for free.

 

[Sutruk]

It may sound unfair, but it's not.

1. What right registrar have to sell my expired domain in auction

Once your domain is expired, then it's no more "your domain".
You had 30 extra days to renew your domain after its expiration date. But you didn't.
After this period, the registrar then takes advantage of its own auctions platform, and auctions the domain.

Again, it may seem unfair. You registered the domain, it was yours during x years. But then you let it expire, and at that point, the domain was no more yours and the auction house pocketed $15,000 bucks for it.

Usually Godaddy Auctions sells domains for that amount when they have a high value (over $5,000-$10,000) in their own "Appraisal tool".
Sometimes are shitty domains, but some domainers just have to see the its GD appraisal value, to bid on the domain as if there were no tomorrow.

Next time, before letting a domain expire... check before its value at GD appraisal tool. If the value is more than $5,000 USD, renew it for god's sake. You will thank me later.

 

[VivifyDomains]

$10,000

Is it just me or do investors just not like buying from other investors?

Like here, they don't mind paying $15k to godaddy but refuse to pay $10k for the exact same thing if an investor owns it.

 

[DrJacoby]

It sounds like you should be upset with yourself and not anyone else. Why the h*ll didn't you renew it?

 

[johnn]

I bought the name. You can buy it back for $17,000

 

[Jv1999]

Storage companies charge 'rent' for the space.
If you didn't pay the rent they've right to auction of your stuff and claim the proceeds.

When it comes to domain name, the registrant has already paid the price for the entire period - until it get deleted from the registry. So, no middleman can take ownership in between.

It's stil the same thing. When the domain expired, the registrar is still "housing" the domain when the registrant no longer has a right to it. You paid a yearly rental fee that covers literally 365 days.

 

[Jv1999]

How can someone be on nP for as long as all of high school and still post something like this?

I'm sure you've bought from GD auctions yourself, no?

Was paying $9 to transfer out too much for you? Or?

 

[equity78]

I know that i should renew
domain in time to keep domain.
But my point is registrar shouldn't have right sell domain and pocket big amount$$$$$.

Domain should be dropped from registry after expiry, so anyone can register for normal price.

Well if the name had any value it would not have available for reg fee. DropCatch or Sav or SnapNames would have caught it. So even if GoDaddy could not auction off, great names are not dropping for reg fee.

 

[Jv1999]

That's how the CURRENT system and policies have been designed.

Ideally, if the expired names don't belong to the registrants they don't belong to registrars too - since they never paid for it. They already got their margin for domain registration. If they've right to auction and sell, it means the domain is still 'not returned to registry'. Names not returned to registry must be owned by someone. It should be the one who paid for it. Fair enough the owner is given grace period, after which redemption period kicks in. But, until the domain is returned to registry for open market purchase, the registrar can NEVER become the owner let alone the rights to auction and sell it. ETHICALLY, until the name gets deleted from the 'registry', the name shouldn't be auctioned/sold by the registrar.

I disagree.

Why do storage companies get to auction off uour unit contents if you don't pay?

Same thing

 

[equity78]

Is it just me or do investors just not like buying from other investors?

Like here, they don't mind paying $15k to godaddy but refuse to pay $10k for the exact same thing if an investor owns it.

They don't. Written about it numerous times. It's just one of those things.

 

[william]

My domain expired and sold for $15000 in godady auctions.
I have question
1. What right registrar have to sell my expired domain in auction and take all money. (inatead of dropping name from registry or give money to original owner)

As this is not fair and registrar is getting big money for free.

You only own a domain name as long as you keep paying for it. As soon as you stop, it's no longer yours. It's like a never ending lease for a car or a house. Would you be pissed if they took away and sold your leased car after you stopped paying for it?

 

[VadimK]

So, what's the problem? The fact that it was sold for $15000 or that it was sold by the registrar? Regardless, it shouldn't really matter since as many people pointed out - it was no longer your domain.

But I wanted to say something different. Just take it as a lesson and move on. Don't attach emotions to it. If you didn't get these $15000 - it just never meant for you at this moment, on a greater and deeper level.
It's like complaining why someone else won the lottery and you didn't.

Less emotions, more analysis (if you plan to stay in this game) and chances for your $15000 will improve significantly.

Good luck!

 

[DrJacoby]

But my point is registrar shouldn't have right sell domain and pocket big amount$$$$$.

They have that right, regardless of your feelings and opinions, so put on your big boys' pants and move on.

 

[equity78]

I’d suggest not paying any attention to prices at Godaddy auctions. What you see as being the end result, isn’t always the final sales price.

True a lot of rollbacks

 

[bhartzer]

Once the domain name is expired, it's no longer your domain name. The registrar can do what they want with the domain.

 

[NameBuyer.com]

Well, if it makes you feel any better, there's a high chance they were fake bids.

Recently, my domain expired (that I subsequently renewed) and with 6 days left it shot up to over $8,000 with fake bids so someone could get it for $65. I renewed it soon after so it cancelled the auction, but shows you what happens sometimes.

 

[karmaco]

You snooze you lose. Why did you not renew?

 

[phaethon]

Childish reaction, OP if not a troll thread.

 

[BaileyUK]

Childish reaction, OP if not a troll thread.

Reads to me that the OP kept an eye on it after expiry, didn't want to pay the recovery fee but was mistakenly believing he could just pick it up again if he wished. I would guess it was a recent auction, so probably not too hard to identify at the exact figure mentioned

 

[Namingfy]

Once the domain name is expired, it's no longer your domain name. The registrar can do what they want with the domain.

That's how the CURRENT system and policies have been designed.

Ideally, if the expired names don't belong to the registrants they don't belong to registrars too - since they never paid for it. They already got their margin for domain registration. If they've right to auction and sell, it means the domain is still 'not returned to registry'. Names not returned to registry must be owned by someone. It should be the one who paid for it. Fair enough the owner is given grace period, after which redemption period kicks in. But, until the domain is returned to registry for open market purchase, the registrar can NEVER become the owner let alone the rights to auction and sell it. ETHICALLY, until the name gets deleted from the 'registry', the name shouldn't be auctioned/sold by the registrar.

 

[Lauren Stephens]

My domain expired and sold for $15000 in godady auctions.
I have question
1. What right registrar have to sell my expired domain in auction and take all money. (inatead of dropping name from registry or give money to original owner)

As this is not fair and registrar is getting big money for free.

if it expired, it is NOT yours.

 

[Yanosh]

Well, if it makes you feel any better, there's a high chance they were fake bids.

Recently, my domain expired (that I subsequently renewed) and with 6 days left it shot up to over $8,000 with fake bids so someone could get it for $65. I renewed it soon after so it cancelled the auction, but shows you what happens sometimes.

Show attachment 249816

How can he be allowed to do that ?
You mean , he goes for 8170$ and then he doesn’t pay the domain so it goes to the one who offered 65$ ?
( the same one )
That’s how godaddy runs auctions !?

 

[alcy]

money evil. people die for it. just pay yo Bills and be happy.. the wisest finest best greatest man is he who needs least not he who has most

 

[rh2000]

My domain expired and sold for $15000 in godady auctions.
I have question
1. What right registrar have to sell my expired domain in auction and take all money. (inatead of dropping name from registry or give money to original owner)

As this is not fair and registrar is getting big money for free.

Wow. I would be sick if this happened to me, but it is nothing anyone can do about it. I have seen it happen to people plenty of times.

 

[Steven McEvoy]

Why is it so hard for someone to renew the domain... I mean they get multiple emails before it expires Plus emails and a fee for later renewal after expiration... like come on man.


Share the domain

 

[Aiisha]

My domain expired and sold for $15000 in godady auctions.
I have question
1. What right registrar have to sell my expired domain in auction and take all money. (inatead of dropping name from registry or give money to original owner)

As this is not fair and registrar is getting big money for free.

In the case of GoDaddy, they typically auction expired domains as part of their standard procedures. When a domain expires, registrars like GoDaddy may choose to auction it to recover costs instead of immediately releasing it. This is usually outlined in their terms of service. While it might seem surprising, it's a common industry practice. To understand the specifics of your situation, review GoDaddy's terms of service or contact their customer support for more details.