question NameJet Auction Question

[Cush]

I have been buying names off NameJet for a few years now, and when a name comes up that I really love, I kind of throw caution to the wind and get into a bidding war. A name came up recently that is perfect for a project I am working on. I knew I would need to be aggressive and overpay, but I like the name. I was the higher bidder, but still well under the 5 figure reserve. Someone came in and bid $1 below reserve with a few days left. I began to scratch my head and second guess if I really wanted this name.

I have seen names sell for a lot on there before, but usually it's a slow gradual bidding war that drives the price up. Seeing someone bid $1 below reserve makes me feel like it is the owner, a friend, or someone linked to the name. I mean, why not bid the extra $1 to unlock the reserve?

 

[forge]

I fell victim to this same situation on Namejet several years back. Too much funny business going on there. I'll never bid there again.

Buyer beware.

 

[JB Lions]

I have been buying names off NameJet for a few years now, and when a name comes up that I really love, I kind of throw caution to the wind and get into a bidding war. A name came up recently that is perfect for a project I am working on. I knew I would need to be aggressive and overpay, but I like the name. I was the higher bidder, but still well under the 5 figure reserve. Someone came in and bid $1 below reserve with a few days left. I began to scratch my head and second guess if I really wanted this name.

I have seen names sell for a lot on there before, but usually it's a slow gradual bidding war that drives the price up. Seeing someone bid $1 below reserve makes me feel like it is the owner, a friend, or someone linked to the name. I mean, why not bid the extra $1 to unlock the reserve?

That's what it sounds like, some sketchy stuff. At least you can see bidder alias and can figure out who they are with a little research, unlike other auction places like GoDaddy and other registrar auctions.

 

[Cush]

That's what it sounds like, some sketchy stuff. At least you can see bidder alias and can figure out who they are with a little research, unlike other auction places like GoDaddy and other registrar auctions.

Exactly. So, there were (2) auctions ending yesterday that I was watching and bidding on. The one is the the domain that had the bid pumped up to $1 below reserve, and the other was a far less valuable name, yet it went for way more. Why? Because people naturally fought and battled to bid it up. The name in question that was $1 below reserve, had it been a normal auction, I would have bid the required 5 figures, but, seeing this suspect bidder coming in like that, it made me pull back.