Strategy Help - GoDaddy Expiring - 5 minutes left - 0 bids

[Beezy]

Twice today I saw auctions with zero bids with 5 minutes left...I make the first bid and it triggers a bidding war both times.

Obviously this strategy is flawed? Are people seeing the bid and then jumping in? (they were good names)

Should i wait until it drops to $11?

How do you approach these auction situations?

Thanks!

 

[DomainZombie]

It doesn't have to be exactly $5 under your proxy bid. It just needs to be no more than $5 under it to be able to hit your max.

 

[SCOFIELD]

It happen to me a lot of times. I don't think the bot will try to bit on every last 5 mins bid. It must be some kind of algorithm to trigger it. If there is a bot want to get the same name I want. I don't think I can get it on close-out domain. I'd rather to compete with it if that domain name is what I really want.

 

[wwwweb]

It happen to me a lot of times. I don't think the bot will try to bit on every last 5 mins bid. It must be some kind of algorithm to trigger it. If there is a bot want to get the same name I want. I don't think I can get it on close-out domain. I'd rather to compete with it if that domain name is what I really want.

Nothing to compete with, just be prepared to pay $100

 

[SCOFIELD]

Nothing to compete with, just be prepared to pay $100

Why they want to do that? It's an expiring domain auction. I paid $100 more is going to Godaddy's pocket?

 

[campout]

If there is a bot want to get the same name I want. I don't think I can get it on close-out domain. I'd rather to compete with it if that domain name is what I really want.

The point is though that the bot doesn't want the name until after it sees you place a bid. If you wait until Closeouts, it will never want (or go after) the name. If this speculation is correct.

We will find out

 

[joro001]

I have had this happen to me more times than I care to remember.

I simply don't buy it that over and over again with 5 minutes remaining I place a large random proxy to like $87 or so and often I get taken right up to my proxy by one main bidder and the bidder bails out making me pay up the max, or I get into a bidding war for more.

I have stopped bidding on godaddy now unless there's a name I really want which will go high anyway or as others are saying let them go to a closeout.

Frankly, godaddy has lost my trust in the auctions with these very strange bidding patterns and no bidder aliases to know what is going on.

 

[ro5hit]

Can anybody tell me what happened to those names in GD auctions which has starting Bid more than $12. Ex. $50 and ended up with no bids . Where they will go ?

 

[main]

This all sounds like conspiracy theory stuff. Not saying it can't be true. But, just wait a week and check the whois and see if you can find a pattern of who is doing the bidding. If you find that it is one entity, then you might be onto something.

 

[main]

And by the way, if there are no bids, I wait until closeout.

There are definitely opportunistic bidders who wait for late bids to alert them to good names. Unless I'm ready to pay up at auction, I'm going to try to be quick to snag it at closeout.

 

[dordomai]

If you wait until closeout sometimes the domain has a backorder. That means you won't get it. I've given up on GD auctions, it's too hard to find deals.

does that mean if I see an expiring domain I can place a backorder a few minutes before the auction ends and in case no one else is bidding I get it for $25 without anyone noticing my bid?

Sounds pretty effective?

 

[main]

does that mean if I see an expiring domain I can place a backorder a few minutes before the auction ends and in case no one else is bidding I get it for $25 without anyone noticing my bid?

Sounds pretty effective?

Try initiating a GD backorder during the Expired Auction and see what happens. For me, it instantly places a public opening $10 bid.

 

[dordomai]

Twice today I saw auctions with zero bids with 5 minutes left...I make the first bid and it triggers a bidding war both times.

Obviously this strategy is flawed? Are people seeing the bid and then jumping in? (they were good names)

Should i wait until it drops to $11?

How do you approach these auction situations?

Thanks!

I know that when there is more than 1 bidder the auction always gets extended by 5 minutes after a bid. I am not sure if that happens when there is only 1 bidder. In case there is no extension you could try to wait until there are only a few seconds left submit your bid before it expires. If there is a human submitting the bids they can't react to this.

I am not sure if there is a robot that will blindly bid up ANY domain with one bid. I bid on a worthless domain (from a domaining perspective) a few weeks ago, it was close to the end maybe 5 minutes maybe 15, i don't remember exactly. Nothing happened and I got the domain.

If there is a robot there could be an algo like certain criteria met + bid last minute = trigger $100 automatic bid.

Submitting blind bids to any domain seems too risky to me.

 

[main]

If you bid within the last 5 minutes, the auction will extend. It doesn't matter if you are the only bidder.

 

[cdboard]

does that mean if I see an expiring domain I can place a backorder a few minutes before the auction ends and in case no one else is bidding I get it for $25 without anyone noticing my bid?

Sounds pretty effective?

yes, that can work.

btw, use a discount code when buying the backorder. and I would have the backorder already purchased, so all you have to do is specify the domain.

 

[SCOFIELD]

yes, that can work.

btw, use a discount code when buying the backorder. and I would have the backorder already purchased, so all you have to do is specify the domain.

If I place a backorder in last 5 min, there will be a bid shows in expering domain auctions and shows $10 bid? Or not?

 

[canswift]

Can anybody tell me what happened to those names in GD auctions which has starting Bid more than $12. Ex. $50 and ended up with no bids . Where they will go ?

I've followed quite a few of those listings, the ones with with higher starting bids. They do not go to closeout, but cycle round again for another 14 days at that higher starting bid. I've seen some go round and around in that 14 day cycle for months.

 

[GoKaizen]

I've followed quite a few of those listings, the ones with with higher starting bids. They do not go to closeout, but cycle round again for another 14 days at that higher starting bid. I've seen some go round and around in that 14 day cycle for months.

Was this for Expired Auctions?

 

[canswift]

Hmm, I'm not sure it is for expired domains now you ask. It's usually for something called "Used Domains" which sounds like a type of expired domain. I just know that those listings are a little more than the true expired domains, and they never go to closeout.

 

[GoKaizen]

Hmm, I'm not sure it is for expired domains now you ask. It's usually for something called "Used Domains" which sounds like a type of expired domain. I just know that those listings are a little more than the true expired domains, and they never go to closeout.

I have seen this twice. There is probably an automated system for figuring out what domains are valuable. GD must cycle domains that they the system thinks should be getting bids but aren't.

 

[campout]

Are these "Used Domains" the same as "Repossessed" domains? (Where it says "Repossessed by GoDaddy" in the WhoIs)