Pool.com extends Opens.com to end on a "Business Day"

[Yofie]

Personally, they clearly have MONEY on their mind but provided a rosy statement about moving the auction so it ends on a "business day" Monday instead of Sunday.. The email stated:

As the weekend quickly approaches I wanted to inform you as a participant in the “opens.com” auction at Pool.com that we have extended the closing of the auction by 24 hours such that it will close on a business day (Monday). We hope this will provide you some added convenience and allow you to spend a relaxing Sunday afternoon with friend and family.

I had several email's with Pool.com's CEO Richard Schreier about this and I had let him know that I think they went the Wrong route in moving the auciton and the way the email was worded.

So what do you think of them moving the auction from it's "normal" end date of Sunday, to a Monday?

Richard always asked:

As for closing ALL auctions on a business day, I’d love to hear the feedback from the people who read your (removed)… how many of the readers care if an auction closes on a Sunday or a Monday? How many readers believe that in a closed auction where the participants are defined in advance that changing the closing date will affect the auction outcome? And if so, in what way?

I will make sure Richard here's what you think.

 

[Sonny Banks]

Is legal moving an auction at Monday from Sunday?

 

[Devil Dog]

Another company attempting to blow smoke up everyone's @sses.

 

[Yofie]

Is legal moving an auction at Monday from Sunday?

I questioned that a little as well, but didn't see a "time frame" the auction can, could, should, will run...

The rosy picture painted by the email sent by Pool.com is just BS! This is about Money and Pool didn't think the auction would do as well ending on Sunday!

 

[lordbyroniv]

I always thought Sunday was a bette day for an auction to end

thats my 2 cents

 

[mulligan]

Personally, they clearly have MONEY on their mind but provided a rosy statement about moving the auction so it ends on a "business day" Monday instead of Sunday.. The email stated:

As the weekend quickly approaches I wanted to inform you as a participant in the “opens.com” auction at Pool.com that we have extended the closing of the auction by 24 hours such that it will close on a business day (Monday). We hope this will provide you some added convenience and allow you to spend a relaxing Sunday afternoon with friend and family.

I had several email's with Pool.com's CEO Richard Schreier about this and I had let him know that I think they went the Wrong route in moving the auciton and the way the email was worded.

So what do you think of them moving the auction from it's "normal" end date of Sunday, to a Monday?

Richard always asked:

As for closing ALL auctions on a business day, I’d love to hear the feedback from the people who read your (removed)… how many of the readers care if an auction closes on a Sunday or a Monday? How many readers believe that in a closed auction where the participants are defined in advance that changing the closing date will affect the auction outcome? And if so, in what way?

I will make sure Richard here's what you think.

Biggest load of bollickks I've heard for a while ... Oh hang on .. "lets see if congress bails us out"

 

[Yofie]

Also pointed out on another forum, right from pool's site.

"In the case of a domain backordered by multiple users, a short 3-day auction will take place and the winning bid will replace our standard fee."


I must of missed the part where it said, if the domain happens to end on a "non-business day" the auction will be 4 days... 5 days... etc

If they would of pushed ALL of the auctions that would of ended Saturday or Sunday to Monday.... fine

If they would of been streight about why they wanted to move this one auction to end on a business day... fine

 

[nathanr]

this whole opens.com thing stinks; I've been monitoring it for weeks; had it backordered every where; through api's the whole lot; on the day I try to b.o. it from pool I couldn't get in to my account all day.

watch this space it's going to happen again with "pym.com"

 

[DomainsInc]

I don't see whats so great about that domain.

 

[nathanr]

I don't see whats so great about that domain.

[Open Software]
[Open Source]
[Open S****]

Golf Opens - or for all it's meanings.. (check this for a dictionary entry)

o·pen

1. 1. Affording unobstructed entrance and exit; not shut or closed.
   2. Affording unobstructed passage or view: open waters; the open countryside.
   3. Having no protecting or concealing cover: an open wound; an open sports car.
   4. Completely obvious; blatant: open disregard of the law.
   5. Carried on in full view: open warfare; open family strife.
   6. Sports Not closely defended by an opponent: an open receiver.
   7. Not sealed or tied: an open package.
   8. Spread out; unfolded: an open book.
   9. Accessible to all; unrestricted as to participants: an open competition.
   10. Free from limitations, boundaries, or restrictions: open registration.
   11. Enterable by registered voters regardless of political affiliation: an open primary.
   12. Computer Science Of or relating to a file that can be accessed.
   13. Lacking effective regulation: an open town in which gambling predominated.
   14. Not legally repressed: open drug trafficking.
   15. Susceptible; vulnerable: open to interpretation; an issue that is open to question.
   16. Willing to consider or deal with something: open to suggestions.
   17. Available; obtainable: The job is still open.
   18. Available for use: an open account; the only course open to us.
   19. Characterized by lack of pretense or reserve; candid: Please be open with me. See Synonyms at frank1.
   20. Free of prejudice; receptive to new ideas and arguments: She listened to the proposal with an open mind.
   21. Generous: He is very open with his time.
   22. Widely spaced or leaded. Used of typeset or other printed matter.
   23. Having constituent elements separated by a space in writing or printing: The word sea horse is an open compound.
   24. Not stopped by a finger. Used of a string or hole of an instrument.
   25. Produced by an unstopped string or hole or without the use of slides, valves, or keys: an open note on a trumpet.
   26. Played without a mute: an open wind instrument.
   27. Articulated with the tongue in a low position, as the vowel in far.
   28. Ending in a vowel or diphthong: an open syllable.
   29. Of or relating to an interval containing neither of its endpoints.
   30. Of or being a set such that at least one neighborhood of every point in the set is within the set.
   31. Of or being a set that is the complement of a closed set.
   32. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
   33. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
2. 1. Having no protecting or concealing cover: an open wound; an open sports car.
   2. Completely obvious; blatant: open disregard of the law.
   3. Carried on in full view: open warfare; open family strife.
   4. Sports Not closely defended by an opponent: an open receiver.
   5. Not sealed or tied: an open package.
   6. Spread out; unfolded: an open book.
   7. Accessible to all; unrestricted as to participants: an open competition.
   8. Free from limitations, boundaries, or restrictions: open registration.
   9. Enterable by registered voters regardless of political affiliation: an open primary.
   10. Computer Science Of or relating to a file that can be accessed.
   11. Lacking effective regulation: an open town in which gambling predominated.
   12. Not legally repressed: open drug trafficking.
   13. Susceptible; vulnerable: open to interpretation; an issue that is open to question.
   14. Willing to consider or deal with something: open to suggestions.
   15. Available; obtainable: The job is still open.
   16. Available for use: an open account; the only course open to us.
   17. Characterized by lack of pretense or reserve; candid: Please be open with me. See Synonyms at frank1.
   18. Free of prejudice; receptive to new ideas and arguments: She listened to the proposal with an open mind.
   19. Generous: He is very open with his time.
   20. Widely spaced or leaded. Used of typeset or other printed matter.
   21. Having constituent elements separated by a space in writing or printing: The word sea horse is an open compound.
   22. Not stopped by a finger. Used of a string or hole of an instrument.
   23. Produced by an unstopped string or hole or without the use of slides, valves, or keys: an open note on a trumpet.
   24. Played without a mute: an open wind instrument.
   25. Articulated with the tongue in a low position, as the vowel in far.
   26. Ending in a vowel or diphthong: an open syllable.
   27. Of or relating to an interval containing neither of its endpoints.
   28. Of or being a set such that at least one neighborhood of every point in the set is within the set.
   29. Of or being a set that is the complement of a closed set.
   30. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
   31. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
3. 1. Not sealed or tied: an open package.
   2. Spread out; unfolded: an open book.
   3. Accessible to all; unrestricted as to participants: an open competition.
   4. Free from limitations, boundaries, or restrictions: open registration.
   5. Enterable by registered voters regardless of political affiliation: an open primary.
   6. Computer Science Of or relating to a file that can be accessed.
   7. Lacking effective regulation: an open town in which gambling predominated.
   8. Not legally repressed: open drug trafficking.
   9. Susceptible; vulnerable: open to interpretation; an issue that is open to question.
   10. Willing to consider or deal with something: open to suggestions.
   11. Available; obtainable: The job is still open.
   12. Available for use: an open account; the only course open to us.
   13. Characterized by lack of pretense or reserve; candid: Please be open with me. See Synonyms at frank1.
   14. Free of prejudice; receptive to new ideas and arguments: She listened to the proposal with an open mind.
   15. Generous: He is very open with his time.
   16. Widely spaced or leaded. Used of typeset or other printed matter.
   17. Having constituent elements separated by a space in writing or printing: The word sea horse is an open compound.
   18. Not stopped by a finger. Used of a string or hole of an instrument.
   19. Produced by an unstopped string or hole or without the use of slides, valves, or keys: an open note on a trumpet.
   20. Played without a mute: an open wind instrument.
   21. Articulated with the tongue in a low position, as the vowel in far.
   22. Ending in a vowel or diphthong: an open syllable.
   23. Of or relating to an interval containing neither of its endpoints.
   24. Of or being a set such that at least one neighborhood of every point in the set is within the set.
   25. Of or being a set that is the complement of a closed set.
   26. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
   27. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
4. Having interspersed gaps, spaces, or intervals: open ranks; an open weave.
5. 1. Accessible to all; unrestricted as to participants: an open competition.
   2. Free from limitations, boundaries, or restrictions: open registration.
   3. Enterable by registered voters regardless of political affiliation: an open primary.
   4. Computer Science Of or relating to a file that can be accessed.
   5. Lacking effective regulation: an open town in which gambling predominated.
   6. Not legally repressed: open drug trafficking.
   7. Susceptible; vulnerable: open to interpretation; an issue that is open to question.
   8. Willing to consider or deal with something: open to suggestions.
   9. Available; obtainable: The job is still open.
   10. Available for use: an open account; the only course open to us.
   11. Characterized by lack of pretense or reserve; candid: Please be open with me. See Synonyms at frank1.
   12. Free of prejudice; receptive to new ideas and arguments: She listened to the proposal with an open mind.
   13. Generous: He is very open with his time.
   14. Widely spaced or leaded. Used of typeset or other printed matter.
   15. Having constituent elements separated by a space in writing or printing: The word sea horse is an open compound.
   16. Not stopped by a finger. Used of a string or hole of an instrument.
   17. Produced by an unstopped string or hole or without the use of slides, valves, or keys: an open note on a trumpet.
   18. Played without a mute: an open wind instrument.
   19. Articulated with the tongue in a low position, as the vowel in far.
   20. Ending in a vowel or diphthong: an open syllable.
   21. Of or relating to an interval containing neither of its endpoints.
   22. Of or being a set such that at least one neighborhood of every point in the set is within the set.
   23. Of or being a set that is the complement of a closed set.
   24. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
   25. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
6. 1. Lacking effective regulation: an open town in which gambling predominated.
   2. Not legally repressed: open drug trafficking.
   3. Susceptible; vulnerable: open to interpretation; an issue that is open to question.
   4. Willing to consider or deal with something: open to suggestions.
   5. Available; obtainable: The job is still open.
   6. Available for use: an open account; the only course open to us.
   7. Characterized by lack of pretense or reserve; candid: Please be open with me. See Synonyms at frank1.
   8. Free of prejudice; receptive to new ideas and arguments: She listened to the proposal with an open mind.
   9. Generous: He is very open with his time.
   10. Widely spaced or leaded. Used of typeset or other printed matter.
   11. Having constituent elements separated by a space in writing or printing: The word sea horse is an open compound.
   12. Not stopped by a finger. Used of a string or hole of an instrument.
   13. Produced by an unstopped string or hole or without the use of slides, valves, or keys: an open note on a trumpet.
   14. Played without a mute: an open wind instrument.
   15. Articulated with the tongue in a low position, as the vowel in far.
   16. Ending in a vowel or diphthong: an open syllable.
   17. Of or relating to an interval containing neither of its endpoints.
   18. Of or being a set such that at least one neighborhood of every point in the set is within the set.
   19. Of or being a set that is the complement of a closed set.
   20. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
   21. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
7. 1. Susceptible; vulnerable: open to interpretation; an issue that is open to question.
   2. Willing to consider or deal with something: open to suggestions.
   3. Available; obtainable: The job is still open.
   4. Available for use: an open account; the only course open to us.
   5. Characterized by lack of pretense or reserve; candid: Please be open with me. See Synonyms at frank1.
   6. Free of prejudice; receptive to new ideas and arguments: She listened to the proposal with an open mind.
   7. Generous: He is very open with his time.
   8. Widely spaced or leaded. Used of typeset or other printed matter.
   9. Having constituent elements separated by a space in writing or printing: The word sea horse is an open compound.
   10. Not stopped by a finger. Used of a string or hole of an instrument.
   11. Produced by an unstopped string or hole or without the use of slides, valves, or keys: an open note on a trumpet.
   12. Played without a mute: an open wind instrument.
   13. Articulated with the tongue in a low position, as the vowel in far.
   14. Ending in a vowel or diphthong: an open syllable.
   15. Of or relating to an interval containing neither of its endpoints.
   16. Of or being a set such that at least one neighborhood of every point in the set is within the set.
   17. Of or being a set that is the complement of a closed set.
   18. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
   19. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
8. 1. Available; obtainable: The job is still open.
   2. Available for use: an open account; the only course open to us.
   3. Characterized by lack of pretense or reserve; candid: Please be open with me. See Synonyms at frank1.
   4. Free of prejudice; receptive to new ideas and arguments: She listened to the proposal with an open mind.
   5. Generous: He is very open with his time.
   6. Widely spaced or leaded. Used of typeset or other printed matter.
   7. Having constituent elements separated by a space in writing or printing: The word sea horse is an open compound.
   8. Not stopped by a finger. Used of a string or hole of an instrument.
   9. Produced by an unstopped string or hole or without the use of slides, valves, or keys: an open note on a trumpet.
   10. Played without a mute: an open wind instrument.
   11. Articulated with the tongue in a low position, as the vowel in far.
   12. Ending in a vowel or diphthong: an open syllable.
   13. Of or relating to an interval containing neither of its endpoints.
   14. Of or being a set such that at least one neighborhood of every point in the set is within the set.
   15. Of or being a set that is the complement of a closed set.
   16. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
   17. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
9. Ready to transact business: The store is open.
10. Not engaged or filled: has an open hour for emergency cases.
11. Not yet decided; subject to further thought: an open question.
12. 1. Characterized by lack of pretense or reserve; candid: Please be open with me. See Synonyms at frank1.
    2. Free of prejudice; receptive to new ideas and arguments: She listened to the proposal with an open mind.
    3. Generous: He is very open with his time.
    4. Widely spaced or leaded. Used of typeset or other printed matter.
    5. Having constituent elements separated by a space in writing or printing: The word sea horse is an open compound.
    6. Not stopped by a finger. Used of a string or hole of an instrument.
    7. Produced by an unstopped string or hole or without the use of slides, valves, or keys: an open note on a trumpet.
    8. Played without a mute: an open wind instrument.
    9. Articulated with the tongue in a low position, as the vowel in far.
    10. Ending in a vowel or diphthong: an open syllable.
    11. Of or relating to an interval containing neither of its endpoints.
    12. Of or being a set such that at least one neighborhood of every point in the set is within the set.
    13. Of or being a set that is the complement of a closed set.
    14. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
    15. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
13. Printing
    1. Widely spaced or leaded. Used of typeset or other printed matter.
    2. Having constituent elements separated by a space in writing or printing: The word sea horse is an open compound.
    3. Not stopped by a finger. Used of a string or hole of an instrument.
    4. Produced by an unstopped string or hole or without the use of slides, valves, or keys: an open note on a trumpet.
    5. Played without a mute: an open wind instrument.
    6. Articulated with the tongue in a low position, as the vowel in far.
    7. Ending in a vowel or diphthong: an open syllable.
    8. Of or relating to an interval containing neither of its endpoints.
    9. Of or being a set such that at least one neighborhood of every point in the set is within the set.
    10. Of or being a set that is the complement of a closed set.
    11. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
    12. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
14. Music
    1. Not stopped by a finger. Used of a string or hole of an instrument.
    2. Produced by an unstopped string or hole or without the use of slides, valves, or keys: an open note on a trumpet.
    3. Played without a mute: an open wind instrument.
    4. Articulated with the tongue in a low position, as the vowel in far.
    5. Ending in a vowel or diphthong: an open syllable.
    6. Of or relating to an interval containing neither of its endpoints.
    7. Of or being a set such that at least one neighborhood of every point in the set is within the set.
    8. Of or being a set that is the complement of a closed set.
    9. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
    10. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
15. Linguistics
    1. Articulated with the tongue in a low position, as the vowel in far.
    2. Ending in a vowel or diphthong: an open syllable.
    3. Of or relating to an interval containing neither of its endpoints.
    4. Of or being a set such that at least one neighborhood of every point in the set is within the set.
    5. Of or being a set that is the complement of a closed set.
    6. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
    7. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
16. Designating a method of punctuation in which commas and other marks are used sparingly.
17. Being in operation; live: an open microphone.
18. New England Clear. Used of weather. See Regional Note at fair1.
19. Electricity Containing a gap across which electricity cannot pass: an open circuit.
20. Mathematics
    1. Of or relating to an interval containing neither of its endpoints.
    2. Of or being a set such that at least one neighborhood of every point in the set is within the set.
    3. Of or being a set that is the complement of a closed set.
    4. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
    5. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
21. Sports
    1. Having the forward foot farther from the intended point of impact with the ball than the rear foot: an open batting stance.
    2. Held or swung with the top or outer edge of the striking face pointing slightly farther away from the objective than the lower or inner edge: The club struck the ball with an open face, causing a slice.
22. Physics Of or relating to a model of the universe in which there is not sufficient matter to halt its expansion.

v. o·pened, o·pen·ing, o·pens

v. tr.

1. To release from a closed or fastened position.
2. To remove obstructions from; clear.
3. To make or force an opening in: open an old wound.
4. 1. To form spaces or gaps between: soldiers opening ranks.
   2. To break the continuity of; make a gap in: open a circuit.
   3. To remove the cover, cork, or lid from.
   4. To remove the wrapping from; undo.
   5. To get (something) going; initiate: open a campaign.
   6. To commence the operation of: open a new business.
5. 1. To remove the cover, cork, or lid from.
   2. To remove the wrapping from; undo.
   3. To get (something) going; initiate: open a campaign.
   4. To commence the operation of: open a new business.
6. To unfold so that the inner parts are displayed; spread out: open a newspaper.
7. 1. To get (something) going; initiate: open a campaign.
   2. To commence the operation of: open a new business.
8. Games To begin (the action in a game of cards) by making the first bid, placing the first bet, or playing the first lead.
9. To make available for use: opened the area to commercial development; opened the computer file and retrieved some data.
10. To make more responsive or understanding.
11. To reveal the secrets of; bare.
12. Sports To modify (one's stance), as in baseball or golf, so that it is open.
13. Law To recall (an order or judgment) for a reexamination of its merits.

v. intr.

1. To become open: The door opened slowly.
2. To draw apart; separate: The wound opened under pressure.
3. To spread apart; unfold.
4. To come into view; become revealed: The plain opened before us.
5. To become receptive or understanding.
6. 1. To begin; commence: The meeting opened with a call to order.
   2. To begin business or operation: The store opens early on Saturday.
7. To be performed, shown, or made available to the public for the first time: The play opens next week.
8. To be priced or listed at a specified amount when trading begins: Shares opened high and fell sharply.
9. Games To make a bid, bet, or lead in starting a game of cards.
10. To give access: The room opens onto a terrace.

n.

1. An unobstructed area of land or water.
2. The outdoors: camping in the open.
3. An undisguised or unconcealed state: brought the problem out into the open.
4. A tournament or contest in which both professional and amateur players may participate.

makes it worth a buy..

 

[DomainsInc]

I know what open means..just doesn't seem like many practical uses for the domain. To each their own. Not to say I wouldn't buy it, I just wouldn't pay much for it.

 

[nathanr]

I know what open means..just doesn't seem like many practical uses for the domain. To each their own. Not to say I wouldn't buy it, I just wouldn't pay much for it.

well if nothing else you just made me feel that little bit better about not getting it

 

[Sonny Banks]

I questioned that a little as well, but didn't see a "time frame" the auction can, could, should, will run...

The rosy picture painted by the email sent by Pool.com is just BS! This is about Money and Pool didn't think the auction would do as well ending on Sunday!

I'm sure they will say this happen for technical problems :lol:

 

[Pat Quinn]

Just because you win a domain at Pool.com don't make the mistake of thinking that you're going to actually ever have it in your account.

I won a pronounceable 4-letter dotcom domain on June 5th on Pool.com. Despite repeated emails to them, I still do not have the domain in my account. That is FOUR MONTHS ago.

They have never once contacted me regarding their failure to get the name in my account, nor have I received a refund for the name.

Instead, I get boilerplate "we're working on it" nonsense answers to my queries with no specifics as to what the problem is.

These guys could very demonstrably care less about their customers.

 

[Yofie]

I'm sure they will say this happen for technical problems :lol:

Pool wanted it to end on a "Business Day", so any bidders could spend time with Family and Friends..

I wonder why they didn't care about all the other auctions ending this weekend and those bidders Family and Friends...

 

[rajs1ngh]

Do anyone know WHAT was the winning bid
????????????????????

BTW, Open.com Owned by AMEX. And it is ringing bell in my mind.
What do you think?

 

[Yofie]

Do anyone know WHAT was the winning bid
????????????????????

BTW, Open.com Owned by AMEX. And it is ringing bell in my mind.
What do you think?

ONE bidder in 3 days does not seem like a success or good idea to Extend it. Ending at $4,600 I'm sure was also NOT a price Pool was expecting Opens.com to end for!

Without that one bidder, Pool would of only pocketed $3K. The Proxy bidder "NameBulls" won it on a security bid, on the 5th. NameBulls was the high bidder on 10-3 but placed a second proxy bid even though they were still winning at $3K. Bidder "Patent" place a bid with approx 2 minutes left in the auction, with a couple more bids and never beating the proxy... with the auction ending at $4,600.

This "extending" the auction to end on a "business day" did not help pool out imo!

 

[rajs1ngh]

ONE bidder in 3 days does not seem like a success or good idea to Extend it. Ending at $4,600 I'm sure was also NOT a price Pool was expecting Opens.com to end for!

Without that one bidder, Pool would of only pocketed $3K. The Proxy bidder "NameBulls" won it on a security bid, on the 5th. NameBulls was the high bidder on 10-3 but placed a second proxy bid even though they were still winning at $3K. Bidder "Patent" place a bid with approx 2 minutes left in the auction, with a couple more bids and never beating the proxy... with the auction ending at $4,600.

This "extending" the auction to end on a "business day" did not help pool out imo!

Thanks for the info Yofie

 

[Yofie]

I just wanted to post an update as Pool.com's CEO has posted his reply:

Richard Schreier
It is interesting to point out with all the hype about extending an auction closing being a money grab when now that it’s all over, opens.com sold for $4,600 and the winning proxy bid was submitted to the system on Sunday. I would hardly call this a money grab by any means (and that was not our intent as previously stated). And fewer than 13% of the qualified bidders actually placed a bid.

I take great pride in the time I have been here at Pool.com to ensure the integrity of our auctions and I welcome any direct discussion about our efforts and the results they are producing. If you have or have ever had a concern about our auction integrity, I would like to hear from you personally, email me at [email protected].

Hindsight is 20-20 of course. Had there been intense interest in the final moments of this auction where something technical could have gone wrong, at least our staff would have been on hand to deal with it right away. As it turned out, it wasn’t necessary. I would agree that extending the auction had no financial impact, as I originally predicted. And I still believe extending was prudent.

~Richard also asked me a handful of questions, so I wanted to share those with you and my replies back. Below are those Q & A:

Did extending the auction change your bidding behavior?

Yes! It made me question the truth behind extending the auction. What made "Opens.com" any better or worse then any other domain name ending that Sunday that was NOT extended. I think extending the auction added false praise to the domain which created an inflated value.

Do you think the auction closed at a higher value because it was extended?

Yes. I think extending the auction added false praise to the domain which created an inflated value because of it's "special attention".

Do you think extending the auction closing was ethical?

Considering when the auction started, the date showed the auction ended on 10-5-2008. Stated on your web site:
In the case of a domain backordered by multiple users, a short 3-DAY auction will take place and the winning bid will replace our standard fee". This common practice stated on your web site was changed. Opens.com did get Special Attention and from what I understand, Opens.com was the ONLY domain name that had it's end time extended to end on a "Business Day". I think it was unethical to extend only One Auction.

Did Pool.com provide you with sufficient notice of the auction extension?

Yes, but I strongly question the "story" behind extending the lone auction.

Do you believe the auction extension gave you an advantage or disadvantage and if so why?

Disadvantage. As I stated earlier, I think the domain name was given false value as being the golden child. People assumed the domain is "Great" and that's why Pool is extending the auction. Secondly, as an investor I want the best deal I can find and at times, weekends is when that "can" happen. Being moved to a "business day" took away any advantage to any investors that works on Saturday and Sunday.

 

[Theo]

All auctions should close at 3:35am on a Tuesday.