Dutch auctioning names, is this permitted on DNF?

[Bill Roy]

I am considering trying a Dutch Auction with some of my domain names (an auction whereby the price is fixed and then reduces on a daily basis). I would just like to make sure that this is allowed?

Any help would be greatly appreciated.

Thanks

 

[bwhhisc]

This is just another form of auction, and has been done successfully at other forums.
As long as the seller states all of the rules in advance, then everyone that participates is clear
on the rules etc. Maybe also a good idea to ask the mod here to be certain.

 

[domainah]

I have seen people do it in the fixed price section, starting at a certain price and then being reduced by a certain amount every day, that all being stated in the original post. The problem is usually an unrealistic price expectation in the beginning and few people looking at it later.
It only really makes sense if you are willing to sell it for $1 if really nobody else wants it, and not end it if it goes below a certain amount, otherwise its not a real dutch auction but just another annoying reverse-reserve auction

 

[Bill Roy]

Thanks for both the above replies.

What my plan would be is to start at a given point (depending on name of course) and reducing by a fixed amount daily, also stating at the outset what the lowest price that domain is going to eventually reduce too. Also members could PM or email me a set bid so that should it reach that price it is sold immediately at that price to that member. This is just like the Afternic Bazaar auctions.

Hope that all makes sense?

 

[copper]

I don't see why it should not work as long as you thoroughly
explain whole thing on the thread.

 

[domainah]

lowest price is can go to? That should be $1...otherwise its nothing else than a reserve auction....I HATE reserve auctions, Me and many others I know will never bid on them.., same with dutch auctions that have a mediocre domain and a lowest price of whatever..my suggestions is, if you want to make a sale and if you want people watching and bidding take a little risk...

 

[Bill Roy]

Quote:
Originally Posted by domainah
lowest price is can go to? That should be $1...otherwise its nothing else than a reserve auction....I HATE reserve auctions, Me and many others I know will never bid on them.., same with dutch auctions that have a mediocre domain and a lowest price of whatever..my suggestions is, if you want to make a sale and if you want people watching and bidding take a little risk...

....................................................................

Well Domainah, I will not be following your advice, and if you do not bid I do not think I will lose any sleep over it!

Dutch auction
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Dutch auction is a type of auction where the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price, or a predetermined reserve price (the seller's minimum acceptable price) is reached. The winning participant pays the last announced price.

This type of auction is convenient when it is important to auction goods quickly, since a sale never requires more than one bid. Theoretically, the bidding strategy and results of this auction are equivalent to those in a Sealed first-price auction; however, experiment indicates that a Dutch auction typically results in lower sale prices [1].

The Dutch auction is named for its best known example, the Dutch tulip auctions. (In the Netherlands this type of auction is actually known as a "Chinese auction"[1]).

Dutch auction is also sometimes used to describe online auctions where several identical goods are sold simultaneously to an equal number of high bidders. Economists call the latter auction a multi-unit English ascending auction.