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Originally Posted by Domainut |
Nice Read Sid - A little more on this new auction system at GoDaddy -
A few facts about this new Godaddy auction system - You do not get the domains when the auction ends. We were the winning bidder on several domains and were told we would have to wait as much as 70 days to get control of the names. So they are auctioning and collecting the fees on "potential dropped domains" as much as a week or more, prior to the domain expiring and entering the 30 day registrar hold and 60+ days prior to exiting the redemption period and actually dropping. They even have a few of our corporate domains that are awaiting a transfer out, that are now on auction and we never listed them for sale at this auction site!
Here is the response from Go Daddy = "The names you purchased at auction at our site were in the process of reaching the "soon to expire date". Before we allow expired names to become available at auction we make numerous attempts to contact the original registrant for renewal, both pre and post expiration. We also attempt to automatically renew it if the original registrant opted in to our auto-renewal service. After one of these names has completed the auction process, we allow additional time before fully assigning the name to the auction winner (as much as 70 days). During that time the original registrant is still given the opportunity to reclaim and renew the domain name. In the rare case where that happens, we provide a full refund of the purchase price to the auction winner. "
They failed to respond to our inquiry about this matter after 3 emails to them and only sent this response after we contacted Bob Parsons. They also sent us a full refund after our complaint. This is happening without the consent or knowledge of the owner of the domain name and to the full profit and benefit of only GoDaddy. I have no idea of the legal issues in selling someone's property without their full consent, but the moral value alone, is very poor.
This has got to be one of the farthest reaches to make a buck in the drop game, that I have seen to date. Domain Owners and Drop Buyers BEWARE - Registrars are now auctioning off YOUR non expired domain names, to enhance their potential profits, all for an additional piece of the drop market. Steve