The SnapNames/Moniker International Premium & ccTLD Auction ends today at 3:15 EST over at SnapNames.com.
With four hours to go more than $160,000 in bids have been placed on 13 domain names yet only one, smokers.co.uk which was a no reserve name has hit reserve with a high bid of $400.
So over $160,000 in bids and only 1 $400 domain is over reserve.
Which of course begs the question of why does SnapNames allow bidding under the reserve range at all?
Take movieguide.com which has a stated reserve range of $100,000-$250,000 and is sitting with a high bid of $76,000.
What’s the point?
Shouldn’t the lowest bid the system would accept is the low range of the reserve or in this case $100K?
Out of the 13 domains with bids only 4, including the $400 domain with no reserve, have a bid inside the reserve range.
The other 9 domains are below the low reserve range.
In any event here are the domain with bids as of time of publication
| Domain Name | Bidders | Current Bid | ReserveRange | ReserveStatus |
| trash.com | 3 | 26000 | $25,001 – $50,000 | Reserve Not Met |
| smokers.co.uk | 3 | 400 | No Reserve | Reserve Met |
| silvertone.com | 2 | 503 | $501 – $1,000 | Reserve Not Met |
| movieguide.com | 1 | 76000 | $100,001 – $250,000 | Reserve Not Met |
| partyline.com | 1 | 41000 | $50,001 – $100,000 | Reserve Not Met |
| erotica.co.uk | 1 | 7001 | $10,001 – $25,000 | Reserve Not Met |
| onlinemortgage.com | 1 | 5400 | $5,001 – $10,000 | Reserve Not Met |
| american.org | 1 | 5001 | $5,001 – $10,000 | Reserve Not Met |
| vehicletracking.com | 1 | 5001 | $5,001 – $10,000 | Reserve Not Met |
| beautyspa.com | 1 | 4000 | $5,001 – $10,000 | Reserve Not Met |
| gas.me | 1 | 1001 | $1,001 – $2,500 | Reserve Not Met |
| cancerrecovery.com | 1 | 525 | $501 – $1,000 | Reserve Not Met |
| rentacoder.net | 1 | 500 | $501 – $1,000 | Reserve Not Met |
Because when the auction ends they will try to pot together deals between the sellers and bidders. If they didn’t do that then yes tere would be no point of even accepting these bids. They are essentially collecting data. They could just as well not accept domain into auctions that have high reserves also.
If you only allows bids at the starting point of the reserve range right now you’d only have 1 bid and the auction would look like more a flop than it already does.
The Snapnames auctions are already a joke in my book. They should just stop.
Doesn’t sedo/greatdomains do the same thing with bids under reserve ? TJ.com for example on auction with a $1500 bid on a $250,000 reserve. Really
Stock Market is not making me any money anymore.
Domain Names are not making me any money anymore.
Internet SweepStakes Cafes are booming right now.
Anything else booming???
I have lots of investors money to invest in something that is booming!!!
So what’s making money???
I like to follow the money!!!
Crowdfunding.
SEC has until Jan 1 to complete the rules.
Anunt chases the money, only a fool would enter this business now… you think legalized gaming is going to let these cafe’s continue to operate, just going to take one loser who jumps off a bridge to get the ball rolling, credits/cash legislation is changing as we speak.
@ Anunt
Gun sales are booming!