Here’s some early reaction to the Moniker silent auction (part of the Live NYC event last week) from a concerned reader:
"-Highlighted are ones we bought. $661 avg
-Top are names from our list that didn’t sell. – $264,907 avg reserve.
-Bottom are ones someone else bought. $9594 avg
-Looks like reserves were too high. Lots of similar names sold for a lot more in NYC Because those people were more reasonable on reserves, to get into live auction. If they would listen to Monte (hardest working man in domains) and be realistic with asking price they have a lot more sales for more money.
-Next auction should do less than 15 minute extensions – we would have bought more, but too much delay between reasonably priced names and forgot they were coming down.
-Auction could have run easily in a couple hours.
-Maybe allow multiple bidding like Pool to have more names complete closer together.
-Also Pain in the a*s to have to enter password with every bid and list should be able to be sorted in more ways – by price, end time, domain etc – web2.0 it Monte!
-Moniker really on top of auction model, no shortage of reminders of dates, times, deadlines, made ton of improvements from last time – works very hard to extract full value for sellers, yada, yada, yada."
Thanks for the detailed color kind stranger 
Related:
"FYI…
TRAFFIC NYC Official Auction Results
http://marketplacepro.moniker.com/auction/live_auction_ticker.html
Best,
Dan"
Thanks Dan!~
The new snapnams auction interface just freaked me out. I’m not sure I like it.
Check it out and post your comments.
All I have to say is ?
I’ll go on record right now as saying I don’t like it. I think this will cost them. Pretty supid to mess with something that was working. I am turned off by it.
Maybe it’s not so bad. Time will tell.
A positive article from a major “mainstream” media outlet.
I did not see the word “cybersquatting” in the whole article…LOL
http://www.forbes.com/entrepreneurs/2007/06/28/google-news-corp-ent-tech-cx_ll_0629webaddresses.html
Best,
Dan
i think your post is spot on.
fifteen minutes made distinquishing between active auctions, and those ending in the next 15 minutes diffucult.
i was glad to get guys.org 9500 and welcometotennessee.com 300. examples of big and small names i thought were values.
- obviously taking my bid, and using it to discern what should be featured hurts me as a buyer, but i understand the process. makes it easier to bring in passive watchers who didnt search the whole list to just big on the ones other choose.
- not seeing watch list names and prices after close unless i bid was frustrating from a market intelligence position, would have liked to see where some names ended up, and some sense of how far thru the auction i was
- i havent checked your list but construction boots and others went from 1 bidder at the minimum, to 5-6 over bids with i think only two players.
- think what will happen when more and more people actully participate in the silent, i think it can then be a true indication of the wholesale ceiling prices in todays market, and when applicable, what retial buyers will pay.
- still no tool for sellers to see their names and bid recieved and closed sales, monte could add this and see more spirited bidding because i believe most domainers would be reinvesting in this same auction if they could see their sales also.
- now to close these transactions……………..
definately felt more competitive this time, good for the industry and me as a seller, less bargains.