TheInvestor:
There is no strategy to bidding and not hitting reserve
This statement is so painfully erroneous that I must be missing something.
1) Have you ever hear the word 'BUDGET'? How about 'VALUE'?
Every buyer has a budget and has an idea of how much a domain is worth for him/her and whether they can afford it. What makes sense to one person, does not to another.
Let me give you an example:
A buyer is interested in a number of domains currently being auctioned. She has a budget of say $27k.
One of the domains she is interested in is single.ca.
This domain has a reserve range of $25k-$35k.
She is in a bind.
If the reserve is $25k, she'll have $2k for the other domains.
If the reserve is more than $27k, she cannot get it and so has the full $27k for these domains.
As different domains end at different times with potentially some she is interested in ending before single.ca does, she does not want to miss out. So she bids on single.ca (her number one choice if she can get it) up to her limit of $27k. If reserve is not met by then, she has her answer and can concentrate on the rest.
Bad strategy? And you are who exactly to judge?
2) And for domainers there are other reasons that may not even fall in the category of value or budget.
This is what the owner of this forum said regarding CV.ca:
http://www.dnforum.com/f510/wow-cv-ca-14k-almost-4-days-go-thread-301558.html#post1466227
I don't know about others but when I place a good bid and it says hasn't hit reserve, I lose interest.
He is obviously stating that he will place a bid and if reserve is not met he will not place any more bids. And I am sure he was not the seller of cv.ca.
Or are you now suggesting that Adam has no idea how to bid or that his strategy sucks?
3) Once an auction is over, MyID will contact seller and check if he/she is agreeable to sell domain to the highest bid received. Many of their domains sold this way.
This is from their blog:
If the final bid is within 10-15% of reserve, we will make an effort to contact the seller and see if they are agreeable to sell the domain for the highest bid. It is accordingly important to be the top bidder even if reserve is not met.
This is from their first auction results:
http://auction.myid.ca/blog/first-myidca-dot-ca-auction-smash-hit.html
OffreEmplois.ca sale was finalized after the auction was over.
http://auction.myid.ca/blog/first-myidca-dot-ca-auction-smash-hit.html
Accordingly, being the top bidder has significant value even if the reserve is not met.
I can give you more and more examples.
So again your statement is so painfully wrong that I must be missing something.
Your comments highly suggest significant lack of experience in non-tbr auctions yet still you make these statements suggesting that you are an expert in your field.
Here's what you posted in the cv.ca thread:
http://www.dnforum.com/f510/wow-cv-ca-14k-almost-4-days-go-thread-301558.html#post1466091
All of them with reserves not met. Doesn't really mean much...but we'll see.
Seems you've been singing that same tune since the first MyID auction. And still CV.ca sold to an end user for $53k and the auction was a huge success.
Why all the negativity?
All that you are doing is attacking the sellers and compromising their chances of landing a sale.
You do not like a domain, do not bid on it. You think the reserve is too high, do not bid on it.
Have you ever heard of the saying 'live and let live'?