flip.uk
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It's not really though. It's not a real bid until someone is placing one knowing full well they're actually going to have to complete on it. I wouldn't buy it for £10k, what are you buying? a platform thats been custom coded by someone else, and doesn't work properly. Going to be a nightmare to fix that, you'd be better using an off the shelf solution or have one coded from scratch that will be a million times easier to maintain ongoing. It has no domain sellers, no domain buyers, no point really.
It would be full on mental spending all this money to attempt to compete in a market thats entirely sewn up by Rob & Denys and the catching teams who list there.
It would be full on mental spending all this money to attempt to compete in a market thats entirely sewn up by Rob & Denys and the catching teams who list there.
Why doesn't it work properly?
How does the bidding go from £5k to £10k without a bidder in-between?
I think you can bid against yourself when reserve hasn't been met yet. I think you can do that on DL too, I'm not 100% sure.
@username - the tabs don't even work for sorting the domains. I can't really show you an example right now cos he doesn't have any listings. Something extremely basic that UKBA / DL don't have a problem with.
@username - the tabs don't even work for sorting the domains. I can't really show you an example right now cos he doesn't have any listings. Something extremely basic that UKBA / DL don't have a problem with.
dn
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"proxy bid" sits there and waits for the bidder to lose their lead and then bids incrementally until the bidder's max.
if there is a reserve price in the auction, someone might just place higher and higher regular bids to see if he can exceed the reserve and secure the lead. Below reserve, all bids are pointless to the bidders.
dn
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I can interpret what's shown as:
Does it make sense to place a £10,001 bid when the reserve is clearly marked as Mid 5 figures?
Probably, if Bidder10 does not actually want to meet the reserve, but only bidding to increase the perceived value to other bidders.
I guess it would feel too intimidating for Flip owner to see bidding stall at £1,250 for days... Bidder10 comes with a helping hand.
- At 13:15 Bidder10 has placed a proxy bid of £5k and it has triggered to the max immediately, because it would still be below the reserve.
- The reserve is shown as (Mid £xx,xxx)
- At 19:28 Bidder10 entered his max bid of £10,001 (as a minimal entry into the xx,xxx range) and it again played up to the max immediately while still below the reserve.
Does it make sense to place a £10,001 bid when the reserve is clearly marked as Mid 5 figures?
Probably, if Bidder10 does not actually want to meet the reserve, but only bidding to increase the perceived value to other bidders.
I guess it would feel too intimidating for Flip owner to see bidding stall at £1,250 for days... Bidder10 comes with a helping hand.
Jack Bean
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I shill not comment on the £10k bid because I don't want to get it wrong and be a ShillyBilly. I shill simply go away and take a shill pill and watch the auction in awe at the ingenuity behind the scheme.
This isn't aimed at Flip solely, every platform does it and I think it's a complete waste of everyones time.
Why are there auctions posted with reserves then we need to have a fake auction up to that point? If your reserve is £32,000 no platform should accept a bid below £32,000.
Why are there auctions posted with reserves then we need to have a fake auction up to that point? If your reserve is £32,000 no platform should accept a bid below £32,000.
diablo
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Bids below a reserve can still be of value to both bidder and seller.
In your example, if bidding only goes up to £20,000, the seller is sent a market signal. If no bids are allowed below the reserve, a much weaker signal is sent regarding the market.
Similarly, if the highest bid is £20,000 and the reserve £32,000, the seller may reconsider and contact the highest bidder to accept £20,000. That wouldn't be possible if no bids were allowed.
Re: the reserve prices. Some platforms have language in their terms that the seller is allowed to remove the reserve or reduce it during the auction, which means a bid that isn't high enough may become high enough.
I'm not saying flip does this, but I've seen this in plenty of places (including ebay: https://www.ebay.com/help/buying/bidding/reserve-prices-work?id=4018).
It's something I massively disagree with, because you could place a bid on something and not meet the reserve, then go bid on something else only to find your unsuccessful big ends up being accepted later on.
Bit of a side note, but any opportunity to have a whinge about things I don't like
I'm not saying flip does this, but I've seen this in plenty of places (including ebay: https://www.ebay.com/help/buying/bidding/reserve-prices-work?id=4018).
It's something I massively disagree with, because you could place a bid on something and not meet the reserve, then go bid on something else only to find your unsuccessful big ends up being accepted later on.
Bit of a side note, but any opportunity to have a whinge about things I don't like
diablo
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Re: the reserve prices. Some platforms have language in their terms that the seller is allowed to remove the reserve or reduce it during the auction, which means a bid that isn't high enough may become high enough.
I'm not saying flip does this, but I've seen this in plenty of places (including ebay: https://www.ebay.com/help/buying/bidding/reserve-prices-work?id=4018).
It's something I massively disagree with, because you could place a bid on something and not meet the reserve, then go bid on something else only to find your unsuccessful big ends up being accepted later on.
Bit of a side note, but any opportunity to have a whinge about things I don't like
Not on eBay. If you lower the reserve price below the high bidder’s maximum bid, eBay lower the high bidder’s maximum bid to £1.00 below the new reserve price and notify them of the new reserve price. I'm guessing that will be true of all decent auction platforms that allow you to change the reserve.
Oh OK, fair enough. I've definitely seen language on a site somewhere that specifically stated that a non-winning bid can become a winning one if the reserve is changed (or the buyer doesn't complete). Can't remember what that was though off the top of my head.
I don't see the problem with this. By placing any bid you're agreeing to pay that amount. That's pretty standard for an auction.
It's not like you're placing a bid and saying "I will not pay this amount". You are saying you will...
I think the downside is that sellers don't put much thought into reserves, knowing they can adjust them accordingly at anytime. In my opinion it alters the experience of the auction site. Take DL for example, I like the reserve price system as people need to put their money where their mouths are and pay a fee according to the reserve.
From a buyers point of view, Imagine 2 great names came up at once, but a buyer only has cash for one. He bids his best amount, finds out it hasn't met the reserve and moves on. That wouldn't be possible if the seller could adjust their reserve at will.
These occurrences would be rare at the moment due to it not being allowed, but in my opinion would become a problem if sellers could do this.
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