Comments on: Toxic.com Makes a Return Visit To NameJet.com & Its Not The Only One

By: A newbies experience backordering domains (Part 2) : Adsense Information Blog – Resources Tips and Tricks

Sat, 02 Apr 2011 16:21:14 +0000

[...] concering domain backordering, in particular the case concerning the sale (auction) of toxic.comArticle 1Article 2Namejet have had some bad publicity surrounding cases where bidders have decided not to pay [...]

By: MHB

MHB — Wed, 20 May 2009 22:44:59 +0000

UPDATE

Toxic.com sold today on NameJet.com for $40,500 to the bidder by the name of “gymmic”

Hopefully this one will go through

By: Dennis

Dennis — Tue, 19 May 2009 00:23:00 +0000

Thanks for the replies. I hate their bidding system especially extending the auctions 5 minutes. I backordered a domain and it made it to private auction.. the bidder under me bid 3,601 and I (unfortunately) put $4,999. When I asked NJ, they said that the bidder had a proxy bid..well if that was true, wouldn’t their bid (under mine in the bid list) show up as $4,899 and not 3,601?

I am still going to pay, but it pisses me off that I put that bid instead of bidding in increments of $100. How many times do you think Toxic.com is going to be re-auctioned off? I’m going to say quite a few more times because not many people are willing to wire $20,000 and many of the bidders probably bid for no reason and did not intend to purchase, driving up the price for the winning bidder!

By: brian wick

brian wick — Tue, 19 May 2009 00:05:36 +0000

And Dennis,
As I learned the expensive way a while back with enom/namejet (at least) – pre auction bidding does not use a proxy system – so if you put a bid in at $4999 when you back ordered – that is the bid at the open of the auction – even if the next highest bidder during the backorder process was 3601. This feature is heavily skewed toward the benefit of NameJet “bidding system” – as only during the pure drops does it have any value in determining how many resources NJ might use in trying to get it off thieer subscribing registrar connections – vs. pre-drop as in the case of all the NetSol domains and 3rd party submissions – and to be diplomatic at this point – it is only because of blogs like this where NJ will make any changes – as this stuff with toxic.com and even your issue has finally hit the top burner I feel.

eNom/Namejet is a very technical business and they will fix it though – likely most through software.

Brian Wick
Cheap Yellow Pages

By: MHB

MHB — Mon, 18 May 2009 23:44:07 +0000

Dennis

If the high bid is $3,601 and you put in a proxy bid of $4,999, then the current bid will go $100 over the current bidders proxy bid.

So if the current high bidder only had a bid of $3,601 and you bid $4,999 you would be the high bidder at $3,701, however you could be instantly outbid if the current bidders proxy is higher than your of $4,999.

In any event the issue here is what if the guy who had the high bid of $3,601 had not paid for a previous auction and now your bidding against the non-paying bidder

By: Dennis

Dennis — Mon, 18 May 2009 23:36:11 +0000

Can someone please help me?

If someone had a bid of $3,601 and then I put a $4,999 bid in, is there even a proxy system or is it all a sham?

ME: $4,999
THEM: $3,601

If it were to show up like this, doesn’t this mean that the “proxy” bid of the person I am bidding against $3,601, and shouldn’t the current bid be $3,701? Please help if possible..thanks. I am seeing so much non-payers and problems with this proxy system.

By: MHB

MHB — Mon, 18 May 2009 17:41:48 +0000

UPDATE

Looks like Mrs Jello, who was high bidder at $34K after the domain went back into auction, may have had enough of this nonsense as well, as his bid has been withdrawn.

The current high bid is just over $20K, with bidder by the user id of:
“li1o0xjlwcv01qt03qw6″, now holding the top spot

By: Brian Wick

Brian Wick — Mon, 18 May 2009 16:25:14 +0000

Plain and simple it is something NameJet has allowed to propgate. As far as comments relating to the ecomony having an effect – well just do not bid if you do not have the money – last time I check NameJet and these default bidders are not considered “troubled assets” and do not qualify for TARP.
Brian Wick

By: MHB

MHB — Mon, 18 May 2009 14:53:28 +0000

Domain Guy

Again the major problem is not that they are default bidders, to some extent you can’t prevent it. But you can prevent repeat default bidders. You can prevent bidders who haven’t paid for a domain to still bid in other auctions.

I can’t speak for TRAFFIC or DomainFest but I don’t think if you default in a bid at either auction they are going to let you do it again at the next auction

By: MHB

MHB — Mon, 18 May 2009 14:50:59 +0000

Alan

Regarding your suggestion as to whom the domain should go to I blogged about this in my suggestions to NJ back in March.

There are three possible scenarios

My choice is that the second highest bidder should be offered the domain upon a default which would have been Mrs Jello in this case at the $34K figure. He had the second highest bid and no additional bidding should be required.

My second choice is that the domain the should be auctioned off again, but still in a closed auction, including only those that were eligible to bid in the first auction.

The third possibility is what we have now, placing the domain in a public auction.

This is by far the most unfair of the 3 possibilities. Because of the default, the bidders in the first auction, now have additional bidders to compete against, due to no fault of their own.