Max: Where do you see the price?? I had it on SiberName on BO but I put in the minimum of $250 and its done.. I don't even know who got it or where..
.. I liked that one.. I picked up... Launching and ClassicDesign I made a post about it in "discussion" section.
Cheers
Are you referring to soul? That's at pool right now for $569.
The domain I sought at Sibername was mezzanine. I was winning at $100, but got outbid to $110 at the last minute. And I was with a client as it happened, so wasn't able to attend to the auction
If you tried to backorder soul at sibername, I think I understand why it is that you're concerned about your $250 bid.
When you're placing the backorder, there is a minimum bid. This is $35 at Sibername. Once a $35 bid is placed, then the minimum bid becomes $50.
So, if you placed a bid on example.ca for $35, and I wanted example.ca too, I would need to bid $50 to do so. Then the next increments upward for each bid placed thereafter.
The bidder can also place a pre-release bid above the minimum. This binds them that amount, but can be an effective deterrent to bidders.
So, for example, if a name is at $50, and it's a real "tooth and nail" for me, if I'm willing to pay, say, $300 for the name, it would be wise for me to place that $300 bid, so that anybody else who wants to get in will be discouraged by the significantly higher minimum bid.
If Sibername catches the name in question, it then gets auctioned off at the highest bid. Let's say that you and me bid on the name and the minimum is now $50. Then the auction starts at $50. If you placed the $50 bid, then you are winning until I place any bids to counter your bid.
Only those with backorders on the name in question may participate in the auction. So, if you and I were the only bidders, then the auction is between you and me. Adam, for example, could not just come in out of nowhere and start bidding.
In this case, regardless of how high the bid went up, Sibername did not manage to catch the domain name.
If you look on the results list, you will see the respective registrar to each domain:
http://www.sibername.com/tbr/results.php
In this case, it was 2003300 Ontario Inc. - which is a Pool registrar. Major registrars such as Pool and Sibername establish multiple corporations to behave as separate entities so they can place as many backorders are are necessary. Since, for any name they catch, all the money it goes for is theirs. And that's worth competing over for premium domains.
That said, only those who had placed backorders for soul at Pool.com are eligible to participate in that auction.
Since Sibername did not catch the name, there is no auction.
Does that clear it up for you?
