You can now push offers to auction at GoDaddy

[Dorkside]

I just received an offer for one of my domains listed at GoDaddy Auctions and I noticed you now have the option to send the domain to auction just like Sedo does.

I think this a very nice feature. Anyone know how long this has been around?

 

[JB Lions]

Not sure, but I see that too and I'm thinking about doing it for an offer I just received.

Checking GoDaddy, which was updated recently -
Last Updated: March 29, 2011 12:41 PM

http://help.godaddy.com/article/6670?locale=en

 

[Sparhawke]

Until there is a real godaddy currency much like NP$ though it doesn't matter one way or another if it is pushed to auction...

Lets say I am enquiring about a domain and I am this person, I might offer $500 and then at the last minute withdraw for some bargaining tack...I am not forced to follow through and then in a couple of months when they see their registration coming up I offer again but this time with $100

With this it will simply shove it to auction but why should I care?

All I need to do is default on it and walk to the next sucker and offer them $500 and withdraw.

What needs to happen before godaddy screw up their system anymore is make it so that you have to have funds in an auction account before you can bid on anything, and they are then held back until you are outbid otherwise it simply makes a mockery of everything.

 

[JB Lions]

Not following. How is this any different from Sedo? Why would people be offering $500 just to withdraw? Not sure how the system is screwed up? Haven't had any issues buying or selling.

I'm trying to read some more at GoDaddy if pushed to auction, if the original offer is binding or not, in case it doesn't get any more bids. It might get a lot more bids, which would be nice.

 

[RazorNF]

At Sedo, if it is pushed to auction, and nobody else bids, you are contractually obligated to purchase the domain.

But as we know that sometimes doesn't stop people from walking from the sale.

Sedo says they ban non-payers, but it has also been found this isn't always the case.

 

[JB Lions]

At Sedo, if it is pushed to auction, and nobody else bids, you are contractually obligated to purchase the domain.

But as we know that sometimes doesn't stop people from walking from the sale.

Sedo says they ban non-payers, but it has also been found this isn't always the case.

Yep. Trying to find more on this, details wise at GoDaddy. Not sure if it's right in front of my face and I'm just missing it. Might just call my rep on Monday to make sure how this works.

 

[Sparhawke]

It is not that different from the lost ring scam, in that a beautiful woman runs up to a geek and cries about having lost her $3000 ring or whatever and she says there is a reward...someone else finds it first though and after much negotiation a price of $500 is settled on to buy a piece of plastic crap and they move onto the next sucker.

In auctions there same thing happens pretty much without securing the money upfront:

Man bids on domain for $1000

Another bids $100

First man walks away from the deal and simply disappears, not paying

Seller now has a dilemma, sell for $100 or waste time with another auction?

 

[JB Lions]

Except most of the time, that scenario doesn't happen. Like I said, I've never had an issue, to this point. How many GoDaddy auctions has this happened to you?

And then, bids are legally binding, so most people follow thru. I guess you're saying those 2 are working together, the $1000 bidder and the $100 bidder? It literally takes under a minute to setup another auction, coupled with the fact, this rarely happens. And what you're describing can happen at other auction places as well. So, not a big deal.

And not sure what you mean by "before godaddy screw up their system anymore"

The system works pretty smoothly. Only negative thing I can think of is they can work on getting the payouts faster.

 

[JB Lions]

Just talked to my rep about the question I had.

So if you get an offer, you have 3 choices, Accept, Counter, Push To Auction. If you Push To Auction, the offer is set as the initial bid and if you don't get any more bids, that offer you used to go to auction is binding. So it's like Sedo basically.