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 😉
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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.
That’s the madness I am talking about 😀 because if this guy needs the domain badly, he could place the minimum bid of $69 and once the auction starts, he can simply put $7,777 which let’s suppose we think was his max bid. So according to the auction which he won for $7,777 and second highest bidder was at $1,000 and if that person’s highest bid was 1k so he could have got for $1,100 at max.
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.
That’s no brainer style 😀
He could have put that max amount of bid after the auction gets underway yeah?
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.)
Daniel,
That could be one point to think about but I still feel he could put that amount after the auction starts so no one knows what’s the exact max bid he has set. This keeps guessing others always a chance of winning the domain at lower price.
The tactic you are talking about seems good for 3 figs domain but I personally never put any higher amount in order to get in auction.
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.
Really!! That’s weird! The price he sets is somewhat in repeating numbers like the previous bids were $5,555 and $7,777. He isn’t playing with the system and definitely be paying for those domains…
Hey mkrules… If you are reading, why don’t you clear our confusion so we can understand your tactics clearly 😀
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 »
That didn’t actually limit the number of bidders as there were 129 participants for hobb.com 😀
And keeping it under radar by giving such high bid before the auction starts gives more attention and people would do more research as to why this domain is so important for someone… Let’s take a look and get in action…
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.
But that doesn’t mean enduser will pay him more than what he actually paid. For taxation, he could buy good number of domains rather than wasting money on very few domains yeah?
Agree, then there could be some other fair reasons. Otherwise it’s indeed crazy.
Like any virtual auctions, it is all rigged…scam!!
How can you say that? This bidder seems to be paying for all his winning auctions. Else he would have been banned by NameJet.
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 … 🙂
Thanks for that information Andrea. But yeah, their tactic is really poor and NameJet must be really happy 😀
Who is this guy? interesting…
According to Andrea “Marty K, ACME BILLING CO., an online retailer based in Florida.”
Hmm. Good point. Then why is mkrules placing such high starting bids? You’re right. It makes no sense.
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
First up, thanks for commenting. Secondly, I don’t see your reason makes any sense. Even with your $7,777 bid, there were still 129 participants in that auction. I don’t think that will scare away many bidders. You could put in $77,777 or whatever amount only after the auction starts. That will save plenty of money for you 🙂
Last but not the least, I was unable to match your email ID with the one you commented.
“Last but not the least, I was unable to match your email ID with the one you commented.” IMHO this comment is bogus … 😀 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 »
That’s what I thought too. Thanks for the heads up 🙂
I didn’t expect this from you, I truly didn’t
You always were sitting here and being just so innocent
Even if you are the real guy about whom we are talking about…. Still the matter isn’t clear as to why you are throwing away money which makes no sense!
Nothing personal mate!
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 »
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.
NameJet has the card detail and charge you automatically for any domain you have won. In case, someone fails to make payment within the time limit they give, the account gets suspended. I don’t think NameJet has issues in restricting the minimum bid limit not to exceed before auction gets underway because the more NJ makes money, the more they are happier 😀
To Establish a public base price for a future sale.
or pre planned loss write off…
Just to establish public picture and to scare away that don’t enter into this auction as I am here doesn’t make sense because still in hobb.com auction, we saw there were 129 bidders which is IMO normal on such quality of LLLL domains.
Pre planned loss is suicide 😀 and this guy is definitely pro domainer with having some LLL.com and almost 3k domains as per WHOIS. But the way he is throwing away money is illogical. I think I am thinking more than he thinks about himself 😉
Still, I think before the actual auction begins, some ethical pricing rules be applied. Namejet should study this matter in detail.
Yeah, I agree on that Tauseef 🙂
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!
Thanks for the heads up. I am sure the bidder won’t be the same (mkrules) and if you are actively bidding at NameJet, you must have noticed that sometimes when you are going to place the bid, the box is empty where you need to enter the amount. And on a different day, it’s like 69 by default entered and if a person is in hurry and don’t look properly, he will simply enter 69 again which will eventually make the final bid looks like $6969. In this case, I am sure the bidder wanted to *actually* enter $105 as… Read more »