Snapnames Live Auction Question

[markfromslo]

On Snapnames, when you look at a name that is in "Live Auction" and a certain amount of time left, does the minimum bid reflect any bids already made on the name? In other words, if I see $60 for the name, does it mean that no one else has bid on it, otherwise it would be at least $61? Or will it always sow $60 no matter the existing bids on the name?

Just trying to figure out if pthers have bid on one of these Live Auction names yet.

Thanks

 

[gazzip]

In other words, if I see $60 for the name, does it mean that no one else has bid on it, otherwise it would be at least $61?
Thanks

Good question - would be nice to hear the answer to that one

I have only purchased a couple in "live Auction", in those cases I just waited until about 15 mins before the end to place my order just in case, got them both with no additional bidders.

If nobody knows for sure you could PM Kjel


.

 

[markfromslo]

Come on, someone probably know the answer to this.

 

[bobdigital]

If the bid is $60, then everyone in the auction has placed a minimum bid of $60.
If the auction were to end that way(everyone bids $60), the first person to place the $60 bid will win.

If 10 people bid $60 and one person bids $61, the $61 bid would be first and would win if no one else bids.

 

[deb]

if I see $60 for the name, does it mean that no one else has bid on it, otherwise it would be at least $61? Or will it always sow $60 no matter the existing bids on the name?

from what i can tell i think your right. not 100% sure but thats what it looks like to me

 

[markfromslo]

If the bid is $60, then everyone in the auction has placed a minimum bid of $60.
If the auction were to end that way(everyone bids $60), the first person to place the $60 bid will win.

If 10 people bid $60 and one person bids $61, the $61 bid would be first and would win if no one else bids.

That can't be true. I see many names that are $60, yet end up dropping because of no bidders.