The organizers of the TRAFFIC conference just announced there will NOT be any online bidding at the live domain name auction held at the conference.
Of course for many of the first domain TRAFFIC conferences there was no online bidding, but later shows had online bidding through either SnapNames.com or Proxybid.
It seems phone and even some sort of text bidding will be allowed, but it certainly will give more incentive to people to attend the conference when online bidding is not available.
Moreover the organizers announced they had reached the limit and closed off any more paid submissions for any domain with a reserve of less than $50,000.
Here is the announcement:
We are going to have to stop the paid submissions to the T.R.A.F.F.I.C. Auction TODAY for any domain less than $50,000!
We have had a GREAT response but if we take any more, we won’t have room for any of the domains we will be hand picking nor the premium domains we want to attract. So those that have contracts in your hands, you have until 5PM TODAY to get this done.
Opportunity comes in many forms and then Flies Away. This birdie is gone. And another T.R.A.F.F.I.C. idea will just be copied and then we will be told how bad T.R.A.F.F.I.C. sucks. Get the picture?
We will have NO online bidding.
To bid at the T.R.A.F.F.I.C. auction you will either have to be there or will be open to PRE-QUALIFIED bidders with contracts and credit card on file 72 hours before the start of the show. We can handle up to 12 simultaneous bidders but have never had more than 4-6 on any one domain name. They will be given instructions 72 hours before the auction as far as call in numbers etc. Phone and/or text bidding only.
Each offsite bidder will have a total of 10 seconds to place a bid or not.
Once a phone bidder drops out or refuses to meet the current bid, he can not bid again for that specific domain and the contact is terminated. So the bidder is either in at each level, or not. This is going to be fast paced, exciting and different than previous auctions.
The Domain Industry runs right through the T.R.A.F.F.I.C. Intersection and those that can’t accept that just get left further and further behind.