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Beware of domain name auction bids at exactly the reserve price at Namejet
I was going through the Namejet domain name auctions when I spotted the domain name che.biz.
I checked the auction again today and “grandcru” has increased the bid to $18,800 and of course once again had not hit the reserve.
it is either the seller or a friend of the seller that is creating hype about the auction and also making bids close to the reserve so that some legit bidder gets tricked and makes a bid that will hit the reserve.
Here is another auction from last month with “grandcru” bidding just below the reserve for the domain name bakery.biz
I came across a tweet yesterday by Raymond that said that auto.co had a $75k bid at Namejet. So I went to the auction and guess what? It was “grandcru” once again bidding at the lower end of the reserve. “grandcru” made a $75,001 bid while the second highest bid was just $2,000.
I checked with Whoisology to make sure and I found that last month che.biz had the same registrant name as auto.co and bakery.biz.
I just noticed that che.biz is marketed by Namejet. If I was Namejet I would be very careful what auctions I promote.