Comments on: Deadbeat Bidder at NameJet? Just Pay Ten Bucks.

By: David

David — Thu, 18 Sep 2008 13:36:31 +0000

Andrew – Unlike SnapNames, NameJet will only rollback the affected bids on rerun auctions and convert it to a Public auction, so there is no real gamble on their part. This way, it is guaranteed to close much closer to the delinquent price, and in many cases, even well beyond since it is now a Public auction. So the $5,000 / $1,250 scenario you mention is unlikely to occur. Essentially, they have nothing to lose and everything to gain!

By: INSIDER JOB

INSIDER JOB — Wed, 17 Sep 2008 17:42:48 +0000

HEY GUYS, THIS ARTICLE IS EXCELLENT.
I’M GLAD FINALLY THESE NAMEJETTERS HAVE FELL OFF THE CLIFF, LET ME TELL YOU WHY.

NAMEJET WITH THEM BEING A RESPONSIBLE COMPANY (YOU WOULD ASSUME THEY WOULD BE), DIDN’T TAKE ANY ACTION TO LET THE BIDDER KNOW THAT THIS TYPE OF ACTIVITY IS NOT TOLERATED…. ONCE…- OKAY, YOU COULDN’T PAY, INTERESTING, HOW MANY REPETITIVE TIMES IT HAS HAPPENED. NAMEJET OBVIOUSLY IS ‘JERRY’ SINCE THEY JUST ‘IGNORED’ AND DIDN’T ADDRESS THE PROBLEM, THUS GIVING THE IMPRESSION TO THE BIDDER TO GO AHEAD AND CONTINUE THEIR DEAD BEAT ACTIVITIES BY NOT FULFILLING THE PAYMENT AS AGREED.

NAMEJET = JERRY

By: Adam

Adam — Wed, 17 Sep 2008 16:16:32 +0000

I know several people who have made mistake bids on namejet. Having dozens of auctions going on at the same time and the page refreshing as you enter a bid in on the “last minunte” page can cause someone to enter bids in the wrong box or misread the name they are bidding on even. I don’t see any reason for this to be occurring frequently and the bidders to stay active. Mistakes happen but not repeats. I wonder how many names I’ve bought “jerry” drove the prices up on.

And who’s this Andy guy ?

By: Stephen Douglas

Stephen Douglas — Wed, 17 Sep 2008 14:03:40 +0000

I’m not mentioning any names, but shill bidding is definitely employed at most auction houses, but most likely unknown to them, so the host isn’t at fault. The culprits are usually an unscrupulous registrar (resellers) providing the domain name for sale (since they get a % of the profits). Andy points out a bidder’s name in his article that definitely fits the pattern of a “shill” bidder.

Thanks for pointing this out, AA.

By: Maestrus

Maestrus — Tue, 16 Sep 2008 18:41:31 +0000

Tom, “I wonder if it is an insider job..driving up auction prices”, maybe you are not far away from the truth!

By: MsDomainer

MsDomainer — Tue, 16 Sep 2008 18:12:12 +0000

How do you spell S-H-I-L-L B-I-D-D-I-N-G?

Unless this aftermarket business is cleaned up and regulated, you can never be sure that shill bidding isn’t taking place.

Caveat Emptor when bidding in the aftermarket!

By: Rob Sequin

Rob Sequin — Tue, 16 Sep 2008 18:01:22 +0000

Deadbeat bidders definitely need to be banned.

The domain should then be given to the second highest bidder for one bid increment over the third highest bidder.

It is extremely unfair to the underbidder to have the name go to auction again.