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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 :LOL:
 
baldidiot said:
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 :LOL:
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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.
 
I would bet if Ryan reduces the reserve right now to £9,999 that 'top bidder' won't complete.
 
diablo said:
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.
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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.
 
diablo said:
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.
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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...
 
username said:
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...
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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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Just over 3 hours left, will be interesting to see if it sells especially as its NYE. Bidding is still at “£10,001”.

Extract below from the A***n newsletter:

acrn.png
 
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real said:
Just over 3 hours left, will be interesting to see if it sells especially as its NYE. Bidding is still at “£10,001”.

Extract below from the A***n newsletter:

View attachment 342
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Some piss head needs to come along and buy it. I see why he'd put it to finish tonight now.
 
I hope Ryan's server will be able to cope with the bidding frenzy we're bound to see just before 8.

I'm wondering if a Mr S.Hill or some such might come in with a late bid of £20-25k, win the auction, but not meet the reserve.

His bid could then be referenced when the platform is re-auctioned or otherwise offered for sale again in the new year. Some naive fool might even vouch for the authenticity of the bid in a newsletter.
 
I think if that £10k bid was real, Ryan should go beg them to honour that bid even if its below the reserve.
 
real said:
What will happen now?

flip.uk - website

www.flip.uk www.flip.uk
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Ryan will go out to play pool, get drunk, then get raped on his way home. At least that's what usually happens.

More seriously, he should try to monetise the platform, and perhaps integrate it with Brandable. As things stand, Brandable has no auction platform, and the free Domain Marketplace on Flip competes head-on with Brandable and its 15% commission, which makes no sense to me.

But I'm not going to be PM in 2032, so perhaps I'm missing something.
 
He should edit the banner on the homepage, cause there aren't 1000s of LLLs now, there's 185
 
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