Twitter user and Chinese domain investor posted that Godaddy Auctions allows people to use two bidder accounts on the same name and a lot of people are using it for tricking the auctions.
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They also need to look back and figure out the people who have been scamming the system, and take action.drop the ban hammer on them. Ban them from Dan / Afternic and GoDaddy
I don't think GoDaddy has any mechanism to re-auction domains.Maybe not related, but also strange:
Monti.com is currently at DropCatch auction as a dropped name. How is this possible when it was apparently sold at GoDaddy Auctions on June 12 for $28,500 as an expired name?
If the buyer didn't pay, wouldn't it be re-auctioned at GoDaddy Auctions?
Maybe that is the case. Thanks.I don't think GoDaddy has any mechanism to re-auction domains.
So basically it seems if the auction is not paid for, there is a rollback or the domain is just allowed to delete.
In this case the domain was deleted -
Creation Date: 2023-07-27
Brad
Who knows for how many years this has been going on. Some people have gotten some incredible deals. No reply from @James Iles yet? or @Paul Nicks ?BQ․net from $37,500 to $1,630
7124․com from $14,000 to $5,100
Who knows for how many years this has been going on. Some people have gotten some incredible deals. No reply from @James Iles yet? or @Paul Nicks ?
I bid on hx5.com until it hit $80 and thought it looked like shill bidding when the price rocketed up and why I'm here. 2 placer bids were put in right after my bid and the price raced from $110 to $7300 right after my bids by Bidder 9356533 and Bidder 9222866, I expect them to be shill bids and it would revert to this bidder below that's likely the real shill and using the other accounts as throw away accounts.Let's keep an eye out for rollbacks on the current top results.
It seems implausible that all these bids are actually legitimate.
Show attachment 243390
tais.com $14,750
98s.com $8,500
hx5.com $7,400
Brad
2023/08/02 01:07 PM (PDT) | 2023/08/02 01:53 PM (PDT) | Bidder 1296206 | $110 |
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What a bunch of nonsense.4172.com rolled back from $13,750 to $205
If they don't want to react, a list of GoDaddy Analyst contacts is on this page:What a bunch of nonsense.
The scammers continue to be rewarded by getting valuable domains for peanuts.
This is a real black eye for GoDaddy. It is hard to trust any of the auction results at this point.
Outside one comment by Joe on Twitter, I have seen nothing else from GoDaddy regarding this very serious issue.
@Paul Nicks @Joe Styler @James Iles
4172.com rolled back from $13,750 to $205
Maybe its an inside job like back in the day with Adam DickStill haven't they solved the issue?!?
I mean, even a temporary solution might work for now... Signals are important and GD isn't sending a good signal to the market.
Is it so complex re-auctioning the most dubious rollbacks? Why aren't they doing it?
Edit: This issue impacts market prices and damages the whole domain market participants, hope everyone is aware of it.
Still no official comments by GD ?
@Michael4172.com rolled back from $13,750 to $205
I just noticed NameBio now actually has the rollback in the system.@Michael
So the auction price is reported as a sale in the NameBio database?
If there is a rollback, it is not corrected?
The problem is either way, it basically skews the market data.
There is a recorded sale price which is fake, that possibly inflates the market value especially on certain formats.
If you correct them, there will be a bunch of sale prices that are absurdly below market value.
Brad
100% correct but imo is wrong to go to 2nd bidder at top bid, not only for this registrar but for all, how do u know if the first bid is not from an employee, if payment order goess to next bidder has to be as the high bidder did not participate at auction at allThis is what Dynadot are trying to combat by offering the domain to the 2nd bidder for their top bid instead of retracting all the top bidders bids. Shill bidding will always be a problem but I'm not sure there's a way to combat it and make everyone happy
Imo It is not legit a registrar to renew a name in a way like they are owners of it. If someone wins it at auction they renew it at the name of the winner. And if they renew upfront the auction and noone takes it at auction, then registrar will become the registrant? Not legitI'm not sure what you're driving at. I understand exactly how it works and the repercussions it has. That's why I'm saying a re-auction is the only way to do it. To be clear I mean an open re-auction, not just between the bidders of the failed auction.
Sure they can, they just pay to renew it. Even if 100% of them get no bids in the re-auction, I'm pretty sure they can swing $65 a day. And within a few weeks it'll stop happening entirely because it will be impossible to game.
It gets corrected to reflect what actually happened, as I prefer transparency and accountability, even if it doesn't reflect the true market value. It is truly a lose-lose-lose situation though.@Michael
So the auction price is reported as a sale in the NameBio database?
If there is a rollback, it is not corrected?
The problem is either way, it basically skews the market data.
There is a recorded sale price which is fake, that possibly inflates the market value especially on certain formats.
If you correct them, there will be a bunch of sale prices that are absurdly below market value.
Brad
I'm not saying they should renew every single expired name in preparation for an auction. I'm saying keep the same schedule/flow as now, but if a winning bidder doesn't pay then instead of manually offering it to the runner up they manually renew the name and start a new auction. Easy enough, and the only way it can be 100% fair and transparent with absolutely no way to game it.Imo It is not legit a registrar to renew a name in a way like they are owners of it. If someone wins it at auction they renew it at the name of the winner. And if they renew upfront the auction and noone takes it at auction, then registrar will become the registrant? Not legit
Maybe its an inside job like back in the day with Adam Dick