Why pay more than $60 for a Snap?

[spikedo]

I don't get it. Why do people initially bid more than $60 for a domain at Snapnames? If you bid $60 and the domain doesn't get any other bidders, you get it for the lowest price. If there are other bidders and it goes to auction, you still get a chance to raise your bid. Am I missing something?

 

[JMJ]

For the large buyers it's probably to hard to watch a bunch of names so they put in their max bid on most names at first I would assume.

 

[duskdawn]

Yea, that confused me too. and namemogul's explanation is possible.

 

[neomaven]

This way you start off as the high bidder. If someone then outbids you, Snapnames sends an email, informing you.

Helps when you have lots of domains in auction.