Strange bid at snapname

[URLtrader]

Hi All,

Domain VideoSoftware.com is in auction at
https://www.snapnames.com/store/event.action?ig=447#store;storeName=event

It had one bid of $15,000 . Now it has a bid of $20,000 but number of bidders is still 1.

Why would someone bid $15,000 and then bid $20,000 without any other bidder in the race ?

Please share your thoughts.

Thanks.

 

[draggar]

Shill bidding?

 

[URLtrader]

Shill bidding?

Seems like.

 

[Biggie]

Hi All,

Domain VideoSoftware.com is in auction at
https://www.snapnames.com/store/event.action?ig=447#store;storeName=event

It had one bid of $15,000 . Now it has a bid of $20,000 but number of bidders is still 1.

Why would someone bid $15,000 and then bid $20,000 without any other bidder in the race ?

Please share your thoughts.

Thanks.

because the reserve max is $25k, thus a $15k or $20k bid still wouldn't win the auction

 

[URLtrader]

because the reserve max is $25k, thus a $15k or $20k bid still wouldn't win the auction

That is exactly why bid went up from $15 k to $20K . Because a bidder is more likely to bid $25k if he sees a bid of $20k instead of $15k.

 

[stewie]

I don't trust any of these bids... I see it happen so many times ...example bid of $19,999 when the reserve is 20k... Let me guess they couldn't scrape up the extra buck....LOL

I think all auctions should have the opening bid set at the reserve...one bid means the domain is sold... stop a lot of bs , not all but some.

who bids just under the reserve price anways ??? please We all know there are only a few that would have anything to gain.

JMO

 

[jaydub]

People can shill all they want, and sometimes I wish they would, so I don't waste my time on names that have a reserve more than I will pay....I don't care what the bids are. I have my valuation or what I will pay and what I walk away from and I work from that.

 

[britishbulldog]

I don't trust any of these bids... I see it happen so many times ...example bid of $19,999 when the reserve is 20k... Let me guess they couldn't scrape up the extra buck....LOL

I think all auctions should have the opening bid set at the reserve...one bid means the domain is sold... stop a lot of bs , not all but some.

who bids just under the reserve price anways ??? please We all know there are only a few that would have anything to gain.

JMO

Yeah i just dont get why sedo does that crap,start the domain at $60 then it says reserve set between " $3k-$5k" pisses me off to be honest,just start the bidding at the reserve price ffs.,

 

[ksinclair]

for smaller domains, sometimes people test and test to find out the reserve.
but this one sounds like shill.