How can you judge this craziness?

How-can-you-judge-this-craziness

Hello and Assalamo Alaikum,

Before I write anything I just wanted to make things clear that I have no hard feelings for the winning bidder (mkrules) of the domain name hobb.com which was recently concluded at NameJet.

It was no reserve auction and the minimum bid to participate in that auction was at regular price $69. If someone mistypes the minimum bid before the auction gets start, you are free to withdraw and delete from your account. In this case, the bidder placed $7,777 as his starting/minimum bid even before the auction gets underway. I thought he will change the price because as far as I have tracked this guy is purely domainer and not a newbie or enduser.

As the auction got started, no one had the courage to bid higher than that and eventually mkrules was declared as winner. I think he is going to pay for that as he owns several thousand of domain names.

Now the interesting question is what was the need of placing such high bid even though it was no reserve auction and he could have got for a lot lesser.

The only reason I can think off could be he mistakenly typed that bid but that doesn’t seems to be the reason because there is another auction going on for ankles.com for which the same bidder has given initial bid of $5,555 whereas he could have given $239 to get into auction.

Once again I wanted to clear that I have nothing against that bidder but if he really needed that domain than at least he should have placed initial bid with $69 and $239 respectively in both auctions and later he may have placed proxy bid of $7,777 or whatever he is comfortable at. In my opinion, he would have still got for a lower price because the next highest bidder was at $1,000.

Can any one explain this madness as to why someone is throwing away his money for no good reason. At least I can’t see or think of any šŸ˜‰

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Md.Sameeruddin
5 years ago

I think that is the highest bid he is willing to bid and pay in auction and he placed it right away in the beginning only to scare all bidders so that others think that he will be bidding even more in auction and that way he might got the domain.Just my opinion. Only he can say the right answer.

Dhirender
5 years ago

I would say, its everyone’s own style of working. The bidder might be putting the maximum amount he is willing to pay for that domain name.

Daniel Pfanzagl
Daniel Pfanzagl
5 years ago

I have to admit i did exactly this at least twice as well on Namejet auctioned names before which i really deemed critical for a specific portfolio.. and it worked, nobody dared to go over my initial min bid (which was still high xxx)..

it is a tactic i only use for those names i really can’t allow to lose to others due to several reasons (maybe having an interested buyer already and knowing he will still pay manyfold the min amount i have placed etc.)

Anticareer
5 years ago

Same guy put before auction started a bid of $8,888 on PrepSchools.com. Next highest initial bid was $100. Not sure what he is trying to do but he’s throwing thousands away.

Domain.buzz
Reply to  AbdulBasit Makrani
5 years ago

The reason people use this tactic is to limit the number of participants and keep the auction under the radar. A name like HOBB.COM would likely get over 100 participants with a $69 initial bid. But with a $7777 bid, especially if placed early, 99% of bidders will pass on it because they know they’re not going to get a good deal. This limits the number of participants to just a handful. But at $69, you’d see over 100 bids, which would trigger 1000 email alerts (for people like me). Personally I get an email alert from NameJet (through one… Read more »

Tauseef
5 years ago

Well, my guess is that, the bidder may want to show the end-user that he got the domain not for cheap. Secondly, some tax reasons may also involve.

Tauseef
5 years ago

Agree, then there could be some other fair reasons. Otherwise it’s indeed crazy.

BullS
5 years ago

Like any virtual auctions, it is all rigged…scam!!

Andrea Paladini
5 years ago

The winning bidder mkrules is a Marty K, ACME BILLING CO., an online retailer based in Florida.
Maybe they are planning to use it for some of their online ventures … but their “strategy” to place such high early bids IMHO is just a waste of money … šŸ™‚

fatih
5 years ago

Who is this guy? interesting…

Domain.buzz
5 years ago

Hmm. Good point. Then why is mkrules placing such high starting bids? You’re right. It makes no sense.

mkrules
mkrules
5 years ago

hey here is my response

i don’t like the shit bids, this is my domain, so i don’t need others to participate if any high bid like 7778 then my next bid is 77,777 cool right

MKRULES it’s my own rules

Andrea Paladini
Reply to  AbdulBasit Makrani
5 years ago

“Last but not the least, I was unable to match your email ID with the one you commented.” IMHO this comment is bogus … šŸ˜€ The real “mkrules” is the guy below, he also won PFU.com in a Namejet auction: Whois Record ( last updated on 2015-03-08 ) Domain Name: PFU.COM Registry Domain ID: 15756648_DOMAIN_COM-VRSN Registrar WHOIS Server: whois.enom.com Registrar URL: http://www.enom.com Updated Date: 2015-03-04T07:50:40.00Z Creation Date: 1999-12-21T11:50:00.00Z Registrar Registration Expiration Date: 2016-12-21T11:50:00.00Z Registrar: ENOM, INC. Registrar IANA ID: 48 Registrar Abuse Contact Email: abuse@enom.com Registrar Abuse Contact Phone: +1.4252982646 Domain Status: clientTransferProhibited Registry Registrant ID: acmebillingco@gmail.com Registrant Name: MARTY… Read more »

mkrules
mkrules
Reply to  AbdulBasit Makrani
5 years ago

I didn’t expect this from you, I truly didn’t
You always were sitting here and being just so innocent

mkrules
mkrules
Reply to  Andrea Paladini
5 years ago

Hello Andrea Pulladini check another whois of mine Domain Name: HOBB.COM Registry Domain ID: 1421274_DOMAIN_COM-VRSN Registrar WHOIS Server: whois.networksolutions.com Registrar URL: http://networksolutions.com Updated Date: 2015-03-09T13:21:24Z Creation Date: 1997-01-24T05:00:00Z Registrar Registration Expiration Date: 2016-01-26T05:00:00Z Registrar: NETWORK SOLUTIONS, LLC. Registrar IANA ID: 2 Registrar Abuse Contact Email: abuse@web.com Registrar Abuse Contact Phone: +1.8003337680 Reseller: Domain Status: Registry Registrant ID: Registrant Name: Krytus, Marty Registrant Organization: Registrant Street: 800 Executive Drive Registrant City: Oviedo Registrant State/Province: FL Registrant Postal Code: 32765 Registrant Country: US Registrant Phone: +1.4079004494 Registrant Phone Ext: Registrant Fax: +1. Registrant Fax Ext: Registrant Email: mkrules4u@gmail.com Registry Admin ID: Admin… Read more »

Tauseef
5 years ago

It maybe OK with this bidder but what if some bidders place a high bid just to scare others away and not paying later. I think, NJ can restrict the minimum bid to not exceed certain sum b4 auction begins.

Patricia Kaehler
5 years ago

To Establish a public base price for a future sale.

Patricia Kaehler
5 years ago

or pre planned loss write off…

Tauseef
5 years ago

Still, I think before the actual auction begins, some ethical pricing rules be applied. Namejet should study this matter in detail.

Paolo
Paolo
4 years ago

I make revive this blog post.
do you think that put 8888$ is crazy??

what do you think about this?
http://www.namejet.com/Pages/Auctions/BackorderDetails.aspx?domainname=chivalry.com&ct=PDtop

chivalry.com around 3 days before the drop and already a 70k bid!
this is INSANE!

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