Comments on: How to Improve Upon Record-Breaking Domain Name Auction http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/ Domain Name Industry News and Views Fri, 25 May 2012 04:14:52 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: pkr 7 card stud http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/comment-page-1/#comment-227266 pkr 7 card stud Wed, 03 Sep 2008 06:43:27 +0000 http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/#comment-227266 <strong>pkr 7 card stud...</strong> doormen staphylococcus pavilion aiding contexts buckles!...

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]]> By: Andrew http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/comment-page-1/#comment-82058 Andrew Mon, 02 Jul 2007 13:51:41 +0000 http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/#comment-82058 Harry, good idea. The auctioneer would just have to get the paddle number of the last bidder. Granted, Moniker may have another suggestion: If you were willing to take $25k before fees, you should have lowered your reserve :) Congrats on your sale of laptop.net. If I recall correctly, this auction was moved up in the order during the auction. Perhaps a bidder had to leave but was interested in the name, and Moniker bumped it up so he could bid on it. Harry, good idea. The auctioneer would just have to get the paddle number of the last bidder. Granted, Moniker may have another suggestion: If you were willing to take $25k before fees, you should have lowered your reserve :)

Congrats on your sale of laptop.net. If I recall correctly, this auction was moved up in the order during the auction. Perhaps a bidder had to leave but was interested in the name, and Moniker bumped it up so he could bid on it.

]]> By: Harry http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/comment-page-1/#comment-82020 Harry Mon, 02 Jul 2007 09:45:43 +0000 http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/#comment-82020 I understand what you mean, but you can solve this problem if you ask the bidder if he is willing to accept his latest price for the silent auction. Probably some people are only interested in one domain and don´t want to bid for another domain. For pda.net the problem was, that my take home price was exactly the same price as the bidder was willing to pay. The next time, perhaps I have more luck. I understand what you mean, but you can solve this problem if you ask the bidder if he is willing to accept his latest price for the silent auction. Probably some people are only interested in one domain and don´t want to bid for another domain.

For pda.net the problem was, that my take home price was exactly the same price as the bidder was willing to pay. The next time, perhaps I have more luck.

]]> By: Andrew http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/comment-page-1/#comment-81947 Andrew Sun, 01 Jul 2007 21:21:30 +0000 http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/#comment-81947 Harry, good idea. The only problem I see is that when someone in the live auction doesn't get a domain, he can reallocate that budget to other domains in the live auction. If he found out later that 5 of his bids that didn't meet the reserve were accepted, he might not have the budget to buy them. Generally, if a bid is within 10% of the reserve (with commission), Moniker will go ahead and accept it. Harry, good idea. The only problem I see is that when someone in the live auction doesn’t get a domain, he can reallocate that budget to other domains in the live auction. If he found out later that 5 of his bids that didn’t meet the reserve were accepted, he might not have the budget to buy them.

Generally, if a bid is within 10% of the reserve (with commission), Moniker will go ahead and accept it.

]]> By: Harry http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/comment-page-1/#comment-81787 Harry Sat, 30 Jun 2007 21:13:53 +0000 http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/#comment-81787 Here are my suggestions for the Silent-Auction: I had two domains at the Live-Auction: laptop.net sold for 40k, and for pda.net I´ve got an offer for 25k. My "min. take home price" was 25k, but the domain was not sold because the minimum sale price was $29,412.- (including 15% fee). Without the 15% fee my "min. take home price" and the price for the bidder would match. During Live-Auction I had no chance to lower the "min. take home price" because I´ve not attended the auction. That means everybody lost. I lost because I´ve not sold the domain, Moniker lost because they have not got the 15% commission, and the bidder lost because he has not bought the domain. We could improve this system if we could transport this last bid (25k) to the Silent Auction as the first silent bid and the domain-owner has the chance to say until the end of the silent auction that this bid should be the new min. sale price - that means that it should be possible to lower my "min. take home price" to fit the highest bid from the Live-Auction. This new system would result that the bidder from the live-auction could get the domain after the silent-auction for 25k, Moniker could receiver 15% commision and I get a little bit lower take home price as I selected. All parties could win with this new system - now all parties lost. A lot of domains got a very high bid during Live-Auction but did´nt sold because the min. sale price was too high. With the new system it would be possible to sell a lot of more domains in the Silent auction if you just set the highest bid from the Live-Auction to the lowest sale price for the Silent-Auction if the domain owner would accept this. Here are my suggestions for the Silent-Auction:

I had two domains at the Live-Auction: laptop.net sold for 40k, and for pda.net I´ve got an offer for 25k. My “min. take home price” was 25k, but the domain was not sold because the minimum sale price was $29,412.- (including 15% fee). Without the 15% fee my “min. take home price” and the price for the bidder would match. During Live-Auction I had no chance to lower the “min. take home price” because I´ve not attended the auction. That means everybody lost. I lost because I´ve not sold the domain, Moniker lost because they have not got the 15% commission, and the bidder lost because he has not bought the domain.

We could improve this system if we could transport this last bid (25k) to the Silent Auction as the first silent bid and the domain-owner has the chance to say until the end of the silent auction that this bid should be the new min. sale price – that means that it should be possible to lower my “min. take home price” to fit the highest bid from the Live-Auction.

This new system would result that the bidder from the live-auction could get the domain after the silent-auction for 25k, Moniker could receiver 15% commision and I get a little bit lower take home price as I selected. All parties could win with this new system – now all parties lost.

A lot of domains got a very high bid during Live-Auction but did´nt sold because the min. sale price was too high. With the new system it would be possible to sell a lot of more domains in the Silent auction if you just set the highest bid from the Live-Auction to the lowest sale price for the Silent-Auction if the domain owner would accept this.

]]> By: This Week’s Domain News Elsewhere » Domain News http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/comment-page-1/#comment-81725 This Week’s Domain News Elsewhere » Domain News Sat, 30 Jun 2007 10:29:00 +0000 http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/#comment-81725 [...] Domain Name Wire suggestions for auction improvements [...]

[...] Domain Name Wire suggestions for auction improvements [...]

]]> By: This Week’s Domain News Elsewhere » DomainNameNews.com http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/comment-page-1/#comment-81719 This Week’s Domain News Elsewhere » DomainNameNews.com Sat, 30 Jun 2007 10:07:58 +0000 http://domainnamewire.com/2007/06/28/how-to-improve-upon-record-breaking-domain-name-auction/#comment-81719 [...] Domain Name Wire suggestions for auction improvements [...]

[...] Domain Name Wire suggestions for auction improvements [...]

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