The 5 minute window?? - Page 2

neddy · #11 06-06-11, 01:33 PM

Quote:

Originally Posted by neddy

Personally, I don't mind their current system. The feeling when you do snaffle a domain for $1 (and it goes for plenty on Netfleet) is awesome.

That doesn't happen very often though - any half decent domain generally attracts bidding on both platforms (and thus triggers the 5 minute auto extension).

All I can reiterate is what many others have said: You need to cover your position on both platforms.

Well, here is a real life example of the above.

I won a domain on Drop today for $1 as I was the only bidder.

Of course I covered my position on Netfleet as well. I was one of five bidders, and I got outbid at $57.

The guy that outbid me on NF didn't see it right until the end, and thus didn't have a chance to bid on Drop.

But why did the other 3 bidders not put a bid on Drop? They weren't last minute on NF and thus had plenty
of time to bid within Drop's closing times.

Chris.C · #12 06-06-11, 01:34 PM

Quote:

That doesn't make sense to me.... Surely with a proxy system, you put your max bid on both and cross your fingers for the lowest actual bid platform to win it?

I think the reason it doesn't make sense is because you are assuming people are rational...

Unfortunately we are not.

There has been many a great business idea that has failed for virtually no other reason that lack of human rationality.

Drop.com.au · #13 06-06-11, 02:17 PM

Quote:

Originally Posted by neddy

Well, here is a real life example of the above.

I won a domain on Drop today for $1 as I was the only bidder.

Of course I covered my position on Netfleet as well. I was one of five bidders, and I got outbid at $57.

The guy that outbid me on NF didn't see it right until the end, and thus didn't have a chance to bid on Drop.

But why did the other 3 bidders not put a bid on Drop? They weren't last minute on NF and thus had plenty
of time to bid within Drop's closing times.

Your win, others loss Ned. The domain you are talking about had a bid on NF quite early in the piece - it would have made send for that bidder to have placed a bid on Drop.com.au too. Go figure.

I think the other important thing to remember is the hidden bid feature - we hide all bids until more than one bidder is involved in that domain auction. Just because you can't see any bids on Drop.com.au it doesn't mean that there aren't any.

I'll keep on saying this - if you really want a domain, it makes sense to keep all your bases covered and have a bid on all the platforms.

Andrew

Timmy · #14 14-06-11, 07:13 AM

Snooze ya lose!

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