Why did 'Push to Auction' fail ?

[exsedo]

In a community where we all have similar goals, why would an idea like Push to Auction fail ? With all due respect to domainers at all levels, there must be a lot of domains at the various domain auctions which are listed at well below their potential value. Surely there are enough domainers to spot these opportunities and make a bid on them.
For example, many are listed with a minimum bid of say $xx and you are reasonably confident that you can resell at say low to mid $xxx or on rare occasions more. If you ended up winning the domain at the minimum bid, what have you lost ? Or if someone else put in a higher bid than yours and you feel that you don't want to pay any more than your initial bid, what have you lost ?
Would be interesting to hear everyone views on this.

 

[biggie]

:talk:

Hi


when the concept of "p t a" arose, i was against it "initially" because i felt that many domains would fill up the auction que, where the bidder really didn't intend on winning.


i saw it more as an initiative for "visibility" without regard to "quality" and that 'p t a' effort was lacking in or could deminish the "integrity" within, or of the auction process.


for example:

is the person you are bidding against in it to win it, or just to bid up the price.


the other side is, where you could have a multitude of low quality domain names in the auction que, that it could reduce the visual quality of the total portfolio listed.

in addition to making it harder to spot the gems from the gar`barge


thereby rendering the whole sedo marketplace as a low quality auctioneer.


just one viewpoint...

 

[Kate]

the other side is, where you could have a multitude of low quality domain names in the auction que, that it could reduce the visual quality of the total portfolio listed.

in addition to making it harder to spot the gems from the gar`barge

Well we now have Bido don't we

 

[renek]

It didn't work because there is no financial gain behind it. if there is a business case behind it it might be a different story alltogether.

 

[Dotmainer]

a) With milions of registred Domains there are too many that are not worth $xx

b) Psychology -> depressive feeling when you start auctions and every time someone other get a domain (where you have done some research and seen value in that domain)

c) Time / Work = Money
Before pushing it to auction you make a research,
is that domain really worth starting bid.



-------

 

[renek]

My point as well, I have taken a look at bido and it does seem to have taken this into account. the public is paid for indicating interesting domains. Doing the research is delegated to the public for a fraction of your selling commission.

 

[Dotmainer]

^ Yes, but when i look at bido i see a problem that a lot of domainers are player.
(it's their nature ...)

They get free points which they can invest ... so which names get pushed ... names that have high price (because of higher commission).


-

 

[VURG]

Not sure what you mean by push to auction failing. Many people have been using this method to sell their domains. Prior to push to auction as being an option, many of these people would have tried to get bigger offers before selling and may have lost the opportunity for a sale. Domainers often wont compete with auctions that have been pushed as they didn't want to offer that much in the first place.

If you are talking about Sedo, I think that Push to Auction has done great things for it.

However, I have not been impressed with Bido and so I'm not suprised if your calling that a fail.