2007 TRAFFIC West Moniker Auction - Las Vegas

[Raider]

I submitted my list of domains to Moniker last week, there really pushing for low reserves and want good domains, you cant blame for that, but it makes owners like myself feel very uneasy, come auction day.

I'm interested to know how many of you undervalued the reserve to encourage more bidding and how many submitted their reserve as the least amount they would sell for?

Thanks!

[Duckinla]

I also noticed the blatant push for low reserves. Can't blame them but it seemed it bit self-serving.

[GoPC]

What scares me about this is that you set low reserves to get into the LIVE auction and then you go into the Silent instead... where ONE bidder gets your domains for rock bottom prices.

Ouch.

Still, as they say, a sale is a sale, right?

It's happend to me a couple of times... for domains that I would have liked to see sell for more and domains that I believe could have, had they gone LIVE.

GoPC

[Duckinla]

So if you don't get accepted to the live auction, are you trapped into the silent auction? Based on the exclusivity contract, it would seem that way.

[GoPC]

In a word... YES

GoPC

[Creature]

Originally Posted by Duckinla

So if you don't get accepted to the live auction, are you trapped into the silent auction? Based on the exclusivity contract, it would seem that way.

When you submit your name, can't you just make it clear that you want the live auction or nothing ? ie state your own terms. I get the feeling that this will be a long thread.

[Raider]

I dont see "live" or "silent" indicated in the seller agreement at all, its basically a 60 day exclusive agreement no matter what method they use, a sale is a sale costing 15%.

[mrojas2005]

I received an invitation by mail, and for the first time I sent a list to Moniker TRAFFIC Live Auction. When (and how) will I know if my names were accepted?

Sorry my english. Thanks for any help.

[BELLC1]

Originally Posted by GoPC

What scares me about this is that you set low reserves to get into the LIVE auction and then you go into the Silent instead... where ONE bidder gets your domains for rock bottom prices. GoPC

I think you all know that is what happened to me for Internext. I was feeling the push for putting in low reserves and betting on volume and ended up taking a bath on some names that should have sold for more. And the silent names all went to one bidder. I have no clue about the Live bidders.

I also wanted to see how long it took Moniker to process the first auction, top see if all went smoothly AND quickly. Asking me to submit names to TRAFFIC West before they had even settled Internext, well, let's just say I'm happy I held off this time. Because of all this, I opted not to submit to TRAFFIC West.

If I were ever to do it again, I would clearly write into the contract requesting a 60-day, daily status report on each domain, like, Waiting for Payment from Buyer, or Waiting on Registrar EPP Transfer Approval or , No Bids, or, well, you get the idea, even if Monte has to hire a couple of admin folks to help the reps. Communication has been far less than expected at best for my first experience with them.

Just my 2 cents.

[Raider]

Originally Posted by BELLC1

If I were ever to do it again, I would clearly write into the contract requesting a 60-day, daily status report on each domain, like, Waiting for Payment from Buyer, or Waiting on Registrar EPP Transfer Approval or , No Bids, or, well, you get the idea, even if Monte has to hire a couple of admin folks to help the reps. Communication has been far less than expected at best for my first experience with them.

Just my 2 cents.

I don't like being in the dark either, when your locked into a contract and have no clue what the status is for the domains you submitted, it can be very frustrating. I didn't sell any domains at Live or Silent, but I've been through the waiting process with other brokers, which do provide status information. I'll agree that Moniker's interface needs improvement, but there service overall is excellent.

[myst woman]

Wow good info. Glad I dodged this bullet.

[oberheimer]

i submitted mine and the pushed for a low reserve so i hope i get into the live auction otherwise im not sure about the price, might go lower then my highest price now, but they thought it would get into the main auction so hopefully

[Focus]

Hate to sound like the conspiracy theorist but how do we know that we are getting the most possible money for the domains that you are allowing to be sold at a very low reserve and imo under market value alot of times...maybe there is something darker going on behind the scenes?

[oberheimer]

if it goes into the live auction im happy should'nt be a problem for me (im sure i will get very close to my old reserve or more) can be alot more if im lucky so. But if not im not sure what will happen at the silent auktion

[Sarcle]

So aren't the names supposed to be announced today?

The committee expects to have the live auction inventory finalized on the 12th

[trader]

I submitted 4 premium names. It turned out Moniker was pushing hard for sharply lower reserves with a very detailed email to justify much lower pricing comparing my prices to past auction prices on similar names sold. As a result I withdrew my 2 best names from the auction and the other two I ended up reluctantly lowering my price very significantly to not disappoint them and still participate.

[BELLC1]

It has been nearly four weeks since Internext and I've only been paid on one domain of nine, and I'm told only one more is ready for processing.

Be prepared to wait for payment and non-paying buyers. *Maybe* I'll get paid on others later this week.

My stupidity in setting low reserves is what got me into the Live and Silent auctions. Good names, just not great names.

Just my 2 cents.

[oberheimer]

so why have'nt i heard anything or seen a list

[BELLC1]

Originally Posted by oberheimer

so why have'nt i heard anything or seen a list

Finalizing the list might not mean the Final Selections list. It could just mean they have gathered all the names they will be picking from over the next couple weeks.

With Internext we thought we were getting a list two plus weeks before the auction. Instead, it was just a few days prior.

[Creature]

Originally Posted by BELLC1

It has been nearly four weeks since Internext and I've only been paid on one domain of nine

Disgraceful. Have the buyers been that slow to pay?