NameJet allegedly reducing bid starting prices

[BELLC1]

From an email from NameJet:

Dear NameJet customer,
We appreciate your business and have listened to your comments and suggestions. Based on your feedback, we’ve recently made a number of enhancements to our Web site and bidding processes to make it even faster and easier for you to find, manage and bid on domain names.

We’ve lowered the minimum bid price on all our domains! Minimum bid pricing will now start as low as $29 on some domains. Our Pre-Release, Pending Delete and Public Auction domains will have variable starting prices. Please note, if you already have a bid on a domain at our previous minimum bid amount of $70, NameJet will automatically adjust your bid to the new minimum bid amount.

Plus, bidding increments are now even more flexible. Instead of only having the option of bidding in increment amounts--$10 for auctions less than $1,000 or $100 for auctions greater than $1,000--you can now bid any amount over the $10 or $100 minimum bid needed. If you want to place a bid of $11, $12 or any whole dollar over the minimum bid increment, you now have the option to do so.

Visit our FAQs to learn more about the change in the bidding process:
http://www.namejet.com/Pages/FAQ.aspx#bidding

In addition to the bid changes, we’ve recently made the following changes to assist you in getting the domain name you want:
• Advanced Search Improvements: Quickly drill down to the names you want -- by extension, backorder date, number of characters, bid amount, and, of course, keywords.
• Faster Bulk Bidding: Bulk bid on up to 250 domain names at once in our quick and easy to use input format.
• Wish List Enhancement: Manage your backorder wish lists with a click to edit and delete your backorders.
• New Alert Emails: Let our names come to you with emails delivered daily that list our Most Active Backorders, names with 6 characters or less, or those with 7 to 9 characters.
And, more changes are on the way… here’s a sneak peek at what’s coming soon:
• Bidder Alias: You can assign a Bidder Alias to your account. Other bidders will see this alias during the auction rather than a generic name like “Bidder 1”.
• Bid History: Be able to view the history of bids for a specified domain.
• Auction List View: Set your account to either save or automatically remove previous auctions in which you were not the winning bidder.
• My Account Reports: We are upgrading the reports available to you with additional sorting and filtering.
We hope the changes we have made and our upcoming enhancements will assist you in winning auctions on the domain names you want from NameJet.
Please visit us at www.NameJet.com.

Sincerely,

NameJet Customer Support
************************************************** ********

They reduced the prices as they said. Instead of $70, they are $69 now...
I'm still looking for a $29 name.

[Acro]

The most important part is this:

"Our Pre-Release, Pending Delete and Public Auction domains will have variable starting prices."

[simon johnson]

Just received this email. On face value it seems like good news; three of my names dropped down to $69. However I'd note that some pending deletes are now up to $500!

[DomainName]

Received the e-mail. I like the pricing change and the incremental bidding.

[dvdrip]

Don't like it at all.

[Illuminosity]

I have seen some $29 names from them. Its rare to find them in their active bids list but you can find some in the longer lists like the 7-9 character domain list.