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I've never used Flip, but I've got a feeling they bought it rather than built it?

Any idea how much it originally sold for?
 
diablo said:
It's a mistake auctioning flip on flip itself. The opportunity to manipulate the auction is there wuithout any independent oversight.
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Absolutely. I've never used the platform, but if it offers automatic bidding like eBay, what is there to prevent the vendor in this particular auction looking at the maximum a bidder is willing to pay and then shill bidding up to just below that maximum?

dn said:
About 20k
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Source? If he paid that much it's bizarre that he's now trying to sell the platform without having made any effort to monetise it.

username said:
Perfect.uk built it
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Yes, I wonder if @Lazarus is one of the bidders? He could look on it as reclaiming his baby from a sub-optimal foster parent.
 
There is no point at all in bidding. It might be no opening min bid but its got a 'mid 5 figure reserve'

total waste of everyones time.
 
I'm confused I thought Flip was made for the community as a free alternative to DL and didn't make any money

20k??
mid xx,xxx??
 
Bidding is now over £10,000.

IMG_8810.jpeg
 
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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.
 
Marek said:
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.
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Why doesn't it work properly?
 
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.
 
Isn't that weird, shouldn't it take it as a proxy bid or max bid?
 
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username said:
Isn't that weird, shouldn't it take it as a proxy bid or max bid?
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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 said:
"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.
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It seems that it would be normal for there to be a bid in between then in this example or if no bids in between, just show the lowest bid, until it hits reserve?
 
I can interpret what's shown as:
  • 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.
There were no other bids in between.

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.
 
dn said:
Bidder10 comes with a helping hand.
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Do you think Bidder10 is a genuine bid?

Interesting that there a number of bids from bidders with "0" feedback score.

One other thing of interest, the current visitors say “1450 Page views” at the time of writing for the flip auction, if you refresh the page this adds another "view". There is no IP or similar tracking of visitors connected to this number.

The stats, in particular “Total Views” (on the homepage) should be judged with caution.
 
real said:
Do you think Bidder10 is a genuine bid?
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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. 🐂 :poop:
 
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.
 
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Marek said:
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.
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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.
 
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