[NEW] Auctionpus.com - Only 16 Auctions Per Month - Premium Domains FTW!

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Unarmed Gunman said:
lol - I get how proxy bidding works, but I don't see a record of the bid that caused the proxy to issue a bid of $1010, then $1510, then...$2243.
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As previously mentioned:

charlie.simm said:
Basically, after each "bidder vs. bidder" battle, the system displays the winning bid. Proxy bidding is used by all major auction sites and represents the best possible bidding system IMO.
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Let's assume that we have a bidding war, with $10 increments, for the domain blabla.com and that:

1) Bidder 1 places a proxy bid of $100, then bidder 2 places a proxy bid of $200. The winning bid by the person who won this let's call it "battle" or whatever is displayed on the site, in other words $110 by bidder 2.

2) Let's assume that bidder 3 places a bid of $180. Since bidder 2 placed a proxy bid of $200, we have another battle. Once again, the winning bid by the person who won is displayed, in other words a $190 bid by bidder 2 (since his proxy bid is higher than the $180 maximum bid placed by bidder 3 and this is an auction with $10 increments).

The system is identical to that used by Sedo, the only difference is the fact that Sedo would have displayed the bids placed by bidder 3 as well but that's kind of stupid IMO, since it's obvious that he offered the amount which currently makes bidder 2 the winner - $10. I think that having a universal rule (only display the winning bid after each "bidder vs. bidder" battle) is a better idea, I might be wrong but that's my decision for Auctionpus.com.

I'll go with $10 increments for all of the auctions, so it's easy to figure out how much the other guy (bidder 3 in our case) offered. Just take the winning bid and subtract $10 :)
 


ly2 from DP said:
paxe.com...WTF is a paxe and why did the domain go for so much? I don't get it. Then again, I'm not a domainer...

paxe - Google Search
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LLL dot coms and CVCV dot coms (which are considered the best of the best when it comes to 4 letter dot coms) are probably the most liquid domains. The same way, you could ask wtf a QYJ is but that won't change the fact that QYJ.com would fetch $3,500 at the very least on Sedo or pretty much anywhere else.
 
Best of luck dude, it certainly an interesting concept.
+1 for starting to capture emails.
 
charlie.simm said:
The system is identical to that used by Sedo, the only difference is the fact that Sedo would have displayed the bids placed by bidder 3 as well but that's kind of stupid IMO, since it's obvious that he offered the amount which currently makes bidder 2 the winner - $10. I think that having a universal rule (only display the winning bid after each "bidder vs. bidder" battle) is a better idea, I might be wrong but that's my decision for Auctionpus.com.
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It is your site so you are well within your rights to do it however you want. But SEDO shows the other bids for a reason. They've been doing this a long time and they didn't get that big for no reason. Showing the other bids is a check and balance for the winning bidder to ensure there is no fraud in the system. It doesn't eliminate it, but it helps a lot and the lack of transparency on your site will make serious domainers balk at using it.

Best of luck, I love the concept but you should be aware of concerns that many domainers will have if you start getting in to the $x,xxx - $xx,xxx realm.
 
Unarmed Gunman said:
Best of luck, I love the concept but you should be aware of concerns that many domainers will have if you start getting in to the $x,xxx - $xx,xxx realm.
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Thanks, I'll definitely implement changes based on the feedback I receive. For example, someone on WF had a great idea about the auctions which which will be extended:

Ah cool you should add info about extended auctions still existing to the front page as well
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As of today, I'll add a message on the homepage and will link to the auction(s) as soon as one gets extended (if someone places a bid when there are less than 5 minutes left, the auction will be extended by 10 minutes).
 
Red_Virus said:
The good thing is that it can be branded for almost anything and I am sure it will be picked up any web 2.0 startup's.
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Exactly, CVCV dot coms are popular because they represent a great choice for social media sites and LLL dot coms are popular because there are shitloads of acronym possibilities.

A word of advice: while it's true that certain short domains are valuable (all LLL dot com domains, certain types of LLLL dot com domains and especially CVCV domains), this doesn't mean that all short domains are worth investing in.

Not sure how many of you guys remember the LLLL dot com buyout, you basically had hoards of noobs who were registering random LLLL dot com domains like there's no tomorrow back when they were available at regfee. Needless to say, most of 'em didn't make shit and after about a year or so (once renewal fees started to represent a burden), forums ended up being flooded with worthless domains.
 
Only about 15 minutes left, it'll be interesting to see how things unfold. I'll update this thread if some of the auctions get extended or if none of 'em will be extended, I'll post the final results after crunching the numbers.
 
ly2 from DP said:
PureDrivel.com would be a perfect domain for a right wing or left wing political blog where they use it to attack the other party and call the other party out on their bullshit. Sort of like newsbusters.com
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1) Buy the domain and turn it into a political blog
2) Put it in your sig and then post in all of the political threads on WF
3) Fleshlight banners
4) Some more fleshlight banners
5) Profit
 
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