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My first question is: Have you a www.godaddy.com active offer code?.

My next question is: To go further with the title, I'm talking about the T.R.A.F.F.I.C auction thats coming up in 2 weeks.

The people who know me, know that I'm a calm person who doesn't get worked up easily BUT this has got me mad enough to type this out!.

Take a look through the list, there are names in there that people wouldn't give a reg fee for and they are let in to the auction out of the 110k names submitted. Personally, I think it's time to fire some people who pick some of those names. http://marketplacepro.moniker.com/auction/index.html.

I think whoever picks these names should be true domainers and unbiased.

Man o Man, I'm as mad as hell over this, not because mine didn't get accepted into the auction, in fact a couple of mine did, but if you look at some of the names left out of the LIVE auction and put into the extended auction I think Moniker submissions department has their head stuck where the sun doesn't shine! To have a double premium LLLL.com in the auction listed between 1k-5k is just nuts!.

If Moniker wanted to get more attention by broadcasting this live, well, they got my attention but I won't be watching it live. In fact, I've already sent a request in to have my names pulled from the auction because it's obvious they have no idea what's going on and couldn't run a drunk-fest in a brewery! Unbelievable!.

I watched it last time and I was hoping they would have a different auctioneer, nope...well, I'm going to stop my rant there before I say something I'll regret because it's right on the tip of my tongue and I'm just not going there!!!.

I apologize if I offended anyone who has names in this auction, that was not my intention!.

Moniker Submissions Department: Replace them......

Auctioneer: Replace him too.

Snapnames: Do your homework.

Thanks.

Rhinoz on a Rant..

Comments (64)

Your question was: Have you a www.godaddy.com active offer code?.

Absolutely agree with you. I've had NNN.coms rejected based on quality (not reserve) at GreatDomains, and some serious garbage that couldn't get a single bid got in. Moniker seems to be following suit...

Comment #1

If I tell you that I got refused a nice LLL.com with all 3 premium letters...

So I stopped dealing with them months ago...

Comment #2

Ok, just for a quick update, I have had several domainers tell me last night and today that they are also pulling their names from the auction, maybe if enough people start to do this that Moniker and the other auction houses will start to listem. I also had a voicemail from "name left out" at Moniker saying they will call me tomorrow to discuss my grievance. I shall update you further once this call has taken place.

Thanks.

Rhinoz on a Rant!..

Comment #3

I asked to pull a couple of mine and was told that I would have to pay the commission!! This is total BS ......

Comment #4

Got to say I agree - my names never get picked but I am really surprised at some of the rubbish that does get picked. Last auction I even pointed out to my manager that one of the .mobi names on the list was a typo, he didn't seem too pleased at my pointing it out but he said that .mobi wanted it that way - go figure.

On a related note - where are the best places to sell names if auctions are no good ? Any info. gratefully received...

Comment #5

Sedo auctions seem to do more good for most names than any of these fancy, overhyped, underperforming, commission-taxing auctions...

Comment #6

You wont get enough of a pull to make any sort of dent- no one will pull from live auction, and with over 2500 names, lots can go and there would still be a happening auction- for many, they see bigger dollars at these auctions- and moniker knows it- it always boils down to lots of happy domainers vs a few disgruntled ones-.

And you know which way the pendulum swings one that-..

Comment #7

How many of these 2500+ domains will sell at auction? I say less than 100...that's my opinion...

Comment #8

Reece do you have to pay for the various Sedo promotions to get your names noticed or do people just pick them out of the many thousands Sedo have without the need for any promotion ?

Comment #9

Absolutely agree!.

Moniker is not able to select the right HostGator names!..

Comment #10

The higher end LLLL.coms I'm working with at the moment literally sell themselves on Sedo. My Dato.com had 2 offers on the very first day I put it on Sedo.

Directing traffic to your listings (eg. Adwords) also helps, as does promotion in forums...

Comment #11

I learned my lesson One Time when I submitted a couple names. Since they are held for about Half Of A Year (by the contract) a person is NUTS to submit any domains. If your HostGator doesn't sell, you can't sell it for about 6 months without paying Moniker the commisson for it! Now that is some crazy shizzel.....

Comment #12

Well, I agree with you all and I'm not going to let this drop for 1 second and I know I might be the small fish in the big pond BUT if enough of us little fish can make a splash, then something MIGHT get done!.

Tired of being dictated to, if I wanted that I would call my EX !!.

Fight for your domains people!..

Comment #13

Pulling names is almost impossible as far as I can tell. I asked Monte to pull my domains from the last TRAFFIC. I was in the hospital for 3 weeks on morphine drip (not as much fun as it sounds). I explained this to Monte and said I just wanted one thing less to worry about while trying to save my life. He said "NO", unless I paid commission. He insisted on sticking to the contract.

After several email messages to Monty (after he sold one of my domains at the auction), I finally canceled ALL further relations with Moniker, and got my names out of the Moniker jail where they lock you up for years. Now a little bit of professionalism would have gone a long way here in recognizing that special circumstances happen in life (like morphine drip and major surgery) that might lead you to cut some slack for customers (again, before auction list announced). But no...

So they sold one name, and ended up with a pi**ed off customer (me) that transferred all of the names out of the Moniker registrar, canceled all future auction contracts, and will generally be an anti-customer for the rest of my life. Sometimes when you treat a customer like s**t, some of it bounces back in your face.

Dealing with moniker was enough to make me want to stay on that morphine drip... just to forget about their crappy service...

Comment #14

Well it looks like I've been lucky not to have any of my names accepted ! I didn't realize what sort of an outfit Moniker were...

Comment #15

Moniker used to get nothing but praise... oh how times have changed.....

Comment #16

Have some with Moniker for Paris. Missed Orlando. Not happy with reading these posts, though.

Gives a lot of room for skepticism, now.

Thanks,.

Doc..

Comment #17

Damn, no compassion eh ! WTH is wrong with these people ? A very sad way to act.

Ps - Hope the doc fixed you up good.

Pps - I actually enjoyed my morphine experience.

...

Comment #18

This list isn't any different from ones in the past except there are more non-com's than usual. There's actually MORE I'm interested in myself as a buyer than I have been for the past few Traffic auctions. They accepted 12 out of 50 or so domains we submitted.

Not to defend Moniker here (I have posted my negative thoughts and experiences in the other Moniker thread) but selection of domains isn't just about the HostGator itself but also the reserve. A reserve should be set to stimulate interest in a domain. If you look at my other posts recently, I posted in the Roundtable auction thread some tips on submitting to auctions...

Comment #19

For what it's worth, I sold a name at the Round Table live auction and it was a great process from start to finish...

Comment #20

I'd like to put my two cents in...

The Orlando auction will be my third TRAFFIC auction in which I've had domains up for bid. (I sold one in the November auction, none in the February) I have had nothing but praise for Moniker so far, and my rep (Don) has been excellent and responded quickly to any emails.

Now, I agree that their terms are a little bit constricting. It's hard to hold domains (without selling them to outside parties) while waiting to see which names are chosen for their auctions. I believe that's a call that each seller has to make is it worth inclusion in the auction to either hold all your domains or pay Moniker a commission on any sale? To me, the answer is "Yes, it's worth it", but that may change if I don't see any results at the Orlando auction or future auctions.

I think Moniker has to have the rigid exclusivity agreement to protect the integrity of their auctions. If buyers are bidding on domains that aren't in the "owner's" possession any more, then that creates a BIG problem for Moniker. They are obviuosly making a lot of money on these auctions, and don't want to lose their customers. Of course, they stand to alienate HostGator sellers, but I think that's a risk they are willing to take. There are a lot more potential sellers than buyers at this point.

I feel bad for those who have had negative experiences with Moniker. Hopefully, they are listening to all of the complaints to refine their auction practices. I look forward to seeing better relations between domainers and Moniker in the future...

Comment #21

So moniker charge insane commissions with ridiculous auction terms, bad customer service and stupid decisions.

Sedo is in bed with 1&1 who are at best borderline criminal scam artists and have proven in the past they are not trustworthy.

So where is someone with a conscience supposed to go to auction domains? Unfortunately there are a lot of jerks and scammers in this business, could we please have just one honest and fair company to deal with, or is it always the scum that rises to the top in this industry?..

Comment #22

When I got the rejection e-mail from my Moniker rep, he enclosed a list of the silent auction domains that were accepted for auction. In all my 9 years of domaining, I have never seen such a terrible list for a major auction. Many of the domains had no commercial value at all. There were weird one-word domains with "words" that are not in common use and have strange spellings; three-word-domains with no type-in liklihood; and a lot of 2-word domains that just looked like newbie domainers just threw together. As a domainer who has sold at past major auctions at Moniker and elsewhere, this is really disappointing. It tends to make me believe that there's a trend away from choosing domains for the right reasons.

Between this situation and the ppc rates being down with the Google feed problem, it will soon become impossible to function as a legitimate domainer...

Comment #23

There should be no penalty for withdrawing before the list is made public IMO. To still be expected to pay the commission is daylight robbery! There is absolutely no reason for this and, who decides the commission? How is that calculated being that the HostGator has not been sold?..

Comment #24

Beauty is in the eye of the beholder...

It looks like Moniker may be targeting their domains to buyers based on which types of names they've been able to sell at previous auctions. I've noticed that they seem to have good success selling two-word .coms with good Google or Overture results, and that's where I've recently concentrated my acquisitions...

Comment #25

Yep. In my case you have to wonder about the wisdom of Moniker getting commission for a single $17,500 sale, and losing a customer for life that has a lot of these types of domains. For the record, I emailed both Don and the CEO Monte, and the same response, regardless of the situation, before the list is announced, the contract is firm and no exceptions, morphine drip or not. In the last 6 months I have sold over $100k in domains through Moniker, and you would think for this one sale they would cut me some slack... but no. So they lost a customer and gained 15% of $17,500 on the LAST sale through their "service".

Marc..

Comment #26

I find some of these complaints puzzling....especially after receiving more positive emails on how good the quality and diversity this list is compared to other auctions. In addition, there are some huge big hitter names here that are making the news already.

We had more than 150K submissions for this event and there are tons of great names in all three venues. we are also making tweaks and adjustments to the list but wanted to get it out early for buyers to do their research.

We expect a great event and everyone should be supporting the auction, the names, the sellers and the buyers. This event is important and critical for our industry and we need to show unity, support, and stability and prove that the HostGator investment opportunities are good ones while other parts of the economy are in question.

More to come this week and next on the list.

Thank you for your support..

Comment #27

Instead of saying that you find some of the complaints puzzling, tell us the complaints you don't find puzzling and that are a reality!.

Please tell me you agree 100% with whats on the list!..

Comment #28

Rhinoz - it sounds like you are a disgruntled seller but you have names in the list? of course it's not 100% but it's probably the best quality list of names between all three (both live auctions and the extended for this event) that we have EVER had....that's not a bad thing but a good thing.

You are free to express your opinion, however, the slaughter language you are using here is totally not justified in my opinion and having reviewed and evaluated more names than probably anyone on any forum, I feel good about the list.

Its the economical environment that we all have to battle at this point.

Also please note that the combination of Moniker and SnapNames auction submission, sales, processing, and marketplaces will make this all improve throughout the summer and into the fall...

Comment #29

Hi Monte, I thank you for answering personally, and if you read into my post that I am disgruntled seller, then you read it wrong. I am disgruntled at the fact of the quality of names that are listed, especially when you go down the list and some names are worth reg fee. I'm not going to say which ones because that would not be fair to both the seller and the potential buyer. One of things main things that did bug me last night and I didn't post it was that quite sometime ago I asked for an appraisal from Moniker and it was rated at $4200 BUT it did not even get considered. I would just like to know what the criteria for picking the submissions are BECAUSE when I look down the list and see some names that are just plain crazy to be even considered and then I see a prime one word HostGator sitting in the extended auction when in fact it would draw Moniker/Snapnames and the seller much more recognition by being in the live auction, I just wondered what was being considered at all.

Now I don't want to turn this great forum into a slagging match, your rep has my phone number if you wish to answer my concerns 1 on 1, as I stated in the beginning of this thread I am a calm and mild mannered person but I feel fully justified in what I have said so far...

Comment #30

Rhinoz - the names are a variety so that we cover as many niche markets and pricing segments that we can to be fair. The premier auction is not filled with ANY name not worth registration...nor is the low or no reserve auction so I would say that I do not agree with your evaluation or assessment in any way.

There may be less desirable and even more desirable names in the extended auction. The extended auction also has a variety of names and price points...always has. Yes there may be some names that do not make sense to some people and some may make more sense than others. Its not perfect nor are we and I am the first to admit that, however, I would say based on experience, previous sales, and auction success, we do a pretty good job....better than most if not all other companies in keeping our market strong which benefits each and every one of you whether you participate in the auction or not.

I respect and appreciate your feedback and comments and we will continue to try to get better names in at every event...

Comment #31

I would have to agree with the OP. We submitted .coms where all extensions are taken and you have a name like cooltattoos.org where .info .biz .us and who knows what else are available. Here's another great selection downloadnewringtones.com.

Created: 2007-03-13.

Expires: 2008-03-13.

Registrar Status: redemptionPeriod..

Comment #32

I think part of the problem is lack of competition, we need new blood with new ideas, different viewpoints in the auction market place.

As HostGator sales gain more and more exposure hopefully big business will jump on the bandwagon, they will probably appoint independant "appraisers" to choose quality names with realistic reserves- I believe this was tried with an auction house but advice was apparently ignored? lost the thread. Targetting end users not predominately HostGator resellers as is the case atm.

I agree with Reece, Sedo is currently the best place to sell domains and maximise exposure, but again almost a monopoly in the field- oh for real competition.

One market that is gathering real steam is idn, but if they are asian characters, Chinese, Japanese etc ("not for sale") there is no sales platform at Sedo - the number one online auction house does not cater for a potential market in excess of 2 billion people, one third of the world's population- incredible..

Comment #33

Well that is what we will have with the combined SnapNames and Moniker marketplace and sales system. I promise you all that it will get better for everyone...

Comment #34

Beauty IS in the eye of the beholder, and at the risk of getting completely and totally shredded here, I'll add my two cents as a relative newbie.

I think that the folks who are hard-core domainers have a very unique and often very warped perspective on value. There seems to be an almost unhealthy obsession with 2,3,4 letter names, many times with almost complete disregard to the usability of the short names i.e. they are short, therefore they must be really, really valuable.

There's also, in my humble opinion, way too much emphasis on earliest registration date, WordTracker, Overture, Google results, and Alexa rankings instead of good old common sense evaluation of the marketing value of names.

And in the end, that's what it's all about marketing. All those tools have their uses in evaluating names; anyone who thinks otherwise would be a fool. But my point is that hard-core domainers sometimes can't see the forest for the trees in evaluating the quality of names. Hopefully, the audience of a big auction is not by and large domainers, but marketers, advertisers and investors.

Blast away... I'm not thin skinned...

Comment #35

Appreciate your comments Monte and hope that is the case, but personally still feel that more quality competition will be the biggest shot in the arm for our business.

Congrats on being one of the first in the field to create more demand and exposure., It does appear that Moniker/Snap have the right attitude but as always with business you can't stand still or somebody will come up and bite your bs off...

Comment #36

You have Reeces BQB.com auction house now, hopefully this grows to become the 'fair and understanding' giant of specialized HostGator name only auction venues. Reeece seems to even be open to sugestions, so you can help him mold BQB.com into the type of HostGator name auction house you wish the other HostGator auction houses were. I believe you can give him suggestions or feedback here BQB Thread Link..

Comment #37

Hi Monte,.

I was happy with Moniker last year but then slowly one thing after the other I got really disappointed..

My mainly complaints are:.

1) my rep (and I have changed twice already) never informed me of the outcome of my submissions.

2) having to deal with such long paperwork is frustrating already, but if you add that you ask long term commitments plus greater fees compared to Sedo, well it`s a big turn-off. At SEdo, if I want to sell my name there or not it`s a matter of my choice and it`s quick to submit or to take it off. With Moniker, it`s getting too long and too complicated. In an industry that prices change quickly, no one want to be stuck for months.

On the other side, I still like Moniker as Registrar just to be fair, that`s my number 1 choice, but for HostGator sales, at the moment I`m not using your services due to the above points.

Thanks..

Comment #38

Agreed moniker is good (the best?) HostGator registry for holding and registering HostGator names IMO. I don't use their auctions, I am an ebay man for holding HostGator auctions, habitually I guess..

Comment #39

Good job, keep the faith,.

Meongtae.

I wanted to add that shows someone IS paying attention, and I would think that he wouldnt give those words without making a few phone calls when he gets back to the shop..

Thanks again rhinoz..

Thanks for reading Monte...

Comment #40

Very short term thinking on moniker's part, you don't kick a guy when he's down, since he has a tendancy to be kinda ticked off, once he finally stands back up...

Comment #41

Doesn't the agreement term just keep renewing over & over for the domains that were accepted unless you give Moniker written notice that you don't authorise them to broker your names anymore?..

Comment #42

Yup, you are correct, written notice has to be given..

Comment #43

Do you mean that if I dont send a written notice to Moniker stating I dont want them to broker my names anymore they are entitled to keep the sale fee even though I have sold the HostGator myself?..

Comment #44

I'm frustrated as well.

I've had some success in the past with Traffic, but the frustration sets in for keeping your domains off of the market for months while you wait for the outcome of "were they accepted?" and, more importantly, the total lack of communication from my rep...whom has made money off of my sales before...but chooses to not even update me with upcoming auctions (or any news at all), never keeps me informed of if my names are accepted, and just plain ignores me. Terrible customer service from a sales rep. I've been in the sales field for years and can't imagine ignoring my customers. Am I a "big name" domainer with thousands of submissions? Do I have million dollar names? Nope. I'm not asking to be treated like a VIP....just common courtesy and put on a mailing list would've been nice. An occasional email? I just checked my account and see the last email I received from him was 10/30/07, and that was a response for a request of info from me.

Quite frankly, I feel very offended being ignored and treated like a "nobody". Unless things change, I will not bother dealing with this venue again...

Comment #45

I believe that is the case, which is absolutely ridiculous..

Comment #46

Just thought I'd give you a quick update. I haven't finished with this thread and I'm making moves in the right direction to make sure the grievances are heard whether voluntary or not.

In the next 2 weeks you'll see what I mean.

More updates to come.....

Comment #47

You need to understand that the Names for Traffics are picked by "the Committee".

If Rick don't like it you got no chance! Which is one of the reasons that IDN have never featured at TRAFFICs...

Comment #48

Monte, kudos to you for stepping into this thread. I'm a bit puzzled by the complaints in this thread that bad names are in the mix, seems like it would provide more attention to the good ones.

But regardless of the HostGator quality, I'd like to make a few suggestions.

-If you continue to allow chandelier bidding, please stop referring to pass pricing since there is no way to know if it was an actual bid or not. (If anyone wants to know, google chandelier bidding).

-Please port the online bidding application to Mac also, or just make it fully browser based like Sedo does.

Best of luck with the auction results, I hope you get a good turnout...

Comment #49

BTW, as far as I can determine, it is a legal practice as long as it is below the reserve. So in any auction that does this, it is a matter of trust since no one knows the reserve but the auction house and the seller. And also note that at the Moniker live auctions I have either attended or watched online, the auctioneer announces the practice prior to starting the auction, saying he will be bidding on behalf of the seller.

Like I said, as far as I can tell it is completely legal, but what becomes somewhat deceptive is when a pass price is later quoted when in fact there is no way to know it represents an actual bid...

Comment #50

The bidding will be a much closer to or at reserve this time, however, let me make it perfectly clear that bidding on behalf of the seller, is not only a common practice but it is used by EVERY live auction house on this planet. it's also referred to as bidding off the wall and completely legit and legal. not every bid is done this way but it's up to the auctioneer when to implement this to drive bid prices to reserve. it is not used after reserve. The technique drives sales to market value and is necessary to avoid a dead auction.

This one will be managed differently because we will be moving faster and the online system is really rocking now. when the snapnames system and the moniker system are all integrated, it is really going to be very cool.

A new and more final auction order and list is posted at: http://marketplacepro.moniker.com/au..._LowNoReserves..

Comment #51

Thanks Monte for confirming the practice. It's good for everyone to be informed. Like you said, it's a common practice and legal, though some jurisdictions have considered making changes. Does the chandelier bidding happen at all with the online bidding or strictly the live audience?..

Comment #52

My experience with auctions is limited to ebay so I really don't know, but what's the purpose of a reserve? Why not just start the bidding at the reserve price rather than wasting everyone's time? I don't see the point...

Comment #53

Short answer: Psychology.

Since the audience/bidders do not know whether it is a Chandelier bid or not, then it generates the appearance of actual interest in the auction item. While it is announced before the auction that chandelier bids are allowed, the individual chandelier bids themselves are not announced... so you just never know whether that latest bid below reserve is from a real bidder on the phone, or just a chandelier bid...

Comment #54

Legal or not, commonly used or not, it's downright shady imho...

Comment #55

I agree...In the final analysis, it's dishonest...

In Australia, this practice is illegal for property auctions...

We think that taking what are effectively false bids 'off the wall', or 'chandelier' is misleading, at best, and misrepresentation, at worst...

When an auctioneer says (implying he's receiving bids): "$12,000"...then, "$12,500"....then: "$13,000"...when there is no bid at all, is a flat out lie to the potential bidders, imo - and, - far from 'meeting the market' - is trying to manipulate the market...

If there are no bids at all, or bids below the set reserve, then the auctioneer should declare that, I reckon....Then, either the seller lowers his reserve to meet the market - or the item should be passed in at either no 'bids', or, the highest (below reserve) bid...

That way, everyone knows the true state of the market in relation to that item - the process is honest, open, and reflects what truly happened.

...

Comment #56

This is where a "standard" for auctions should be implemented across the boards for domains and be ruled over for this "side industry for registrars" as they are ruled by ICANN for HostGator registrations.

You'll be hearing more from me on this very soon..

Comment #57

Looking forward to it mate The funny thing about these auctions is that if you ever tried that with your own domain, everyone would agree that you were shill bidding. I really don't see the difference here...

Comment #58

Only difference between chandelier and shill is that one is under a corporate veil !..

Comment #59

Yes, I agree it is odd that if the auctioneer does it it is fine but if the owner did it then it is not fine. What makes this more contentious and difficult is that now we're combining venues, in a live audience a bidder has the opportunity to see what is going on but with a phone bid or online bid, the bidder does not know what is going on.

But still what I find the most troubling in all of this is that following the auction, pass prices are being reported, which can only be viewed as a phantom number not worthy of reporting. It's no different than someone in a forum saying they got a specific dollar offer for a HostGator when in fact they didn't. I'd call that lying. Additionally these pass prices end up being used by some as a valuation tool when in fact it may simply be something pulled out of thin air...

Comment #60

Even Frank Schilling was caught innocently quoting these chandelier bids. I am not sure whether it was funny or just embarrassing for everyone. http://assembly.state.ny.us/leg/?bn=A02442 http://assembly.state.ny.us/leg/?bn=A02442&sh=t.

2442.

2007-2008 Regular Sessions.

I N A S S E M B L Y.

January 17, 2007.

___________.

Introduced by M. of A. BRODSKY read once and referred to the Commit-.

Tee on Tourism, Arts and Sports Development.

AN ACT to amend the general business law, in relation to disclosure of.

Sham bids and house bids at public auctions and requirements for.

Auction sale of advertised property; prohibited bids.

THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-.

BLY, DO ENACT AS FOLLOWS:.

1 Section 1. The general business law is amended by adding a new section.

2 29 to read as follows:.

3 S 29. SHAM BIDS. 1. DEFINITIONS. A. THE TERM "SHAM BID", AS USED IN.

4 THIS SECTION, MEANS ANY BID FOR WHICH THERE IS NO BONA FIDE OFFER OR.

5 WHICH IS NOT A BONA FIDE BID, ANY BID MADE BY OR ON BEHALF OF THE SELL-.

6 ER, AND BIDS COMMONLY KNOWN AS BUT NOT LIMITED TO "CHANDELIER", "CONSEC-.

7 UTIVE", OR "SUCCESSIVE" BIDS..

8 B. THE TERM "AUCTIONEER", AS USED IN THIS SECTION, MEANS ANY PERSON,.

9 CORPORATION, OR OTHER ENTITY WHO OR WHICH ENGAGES IN THE BUSINESS OF.

10 SELLING REAL OR PERSONAL PROPERTY AT PUBLIC AUCTION AND WHO OR WHICH.

11 SELLS OR OFFERS FOR SALE ON BEHALF OF HIMSELF, ITSELF, OR ANOTHER.

12 PERSON, AT PUBLIC AUCTION, ANY REAL OR PERSONAL PROPERTY..

13 C. THE TERM "AUCTION HOUSE", AS USED IN THIS SECTION, MEANS AN AUCTIO-.

14 NEER WHICH HAS A SALESROOM WHERE REAL OR PERSONAL PROPERTY IS OFFERED.

15 FOR SALE AT A PUBLIC AUCTION OR BY PRIVATE SALE AND ANY OF ITS OFFICERS,.

16 EMPLOYEES, SERVANTS, AGENTS, OR INDEPENDENT CONTRACTORS..

17 2. THIS SECTION`S REQUIREMENTS SHALL ALSO APPLY TO ANY PARENT ENTITY.

18 WHICH HOLDS AT LEAST A TEN PERCENT INTEREST IN THE EQUITY OF AN AUCTION.

19 HOUSE AND SHALL ALSO APPLY TO ANY OTHER SUBSIDIARY ENTITY OF SUCH PARENT.

20 ENTITY IN WHICH THE PARENT ENTITY HOLDS AT LEAST A TEN PERCENT INTEREST..

21 3. NO AUCTIONEER OR AUCTION HOUSE MAY SOLICIT, ACCEPT, OR APPEAR TO.

22 SOLICIT OR ACCEPT SHAM BIDS UNLESS SUCH BIDS ARE IDENTIFIED WITH THE.

23 TERM "FOR THE CONSIGNOR".

EXPLANATIONMatter in ITALICS (underscored) is new; matter in brackets.

{ } is old law to be omitted..

LBD04516-01-7.

A. 2442 2.

1 4. NOTHING CONTAINED IN THIS SECTION SHALL BE CONSTRUED TO LIMIT OR.

2 IMPAIR THE AUTHORITY OF ANY LOCAL GOVERNMENTAL AGENCY WHICH EXERCISES.

3 REGULATORY AUTHORITY OVER AUCTIONS TO IMPOSE MORE RESTRICTIVE REQUIRE-.

4 MENTS..

5 S 2. The general business law is amended by adding a new section 29-a.

6 to read as follows:.

7 S 29-A. ABSOLUTE AUCTIONS. 1. WHEN AN AUCTIONEER OR AUCTION HOUSE OR.

8 OWNER OF REAL OR PERSONAL PROPERTY ADVERTISES THAT THE PROPERTY WILL BE.

9 SOLD AT AUCTION REGARDLESS OF PRICE, THEN SUCH PROPERTY SHALL BE SOLD TO.

10 THE HIGHEST BIDDER. SUCH ADVERTISING INCLUDES, BUT IS NOT LIMITED TO,.

11 THE USE OF SUCH TERMS AS "ABSOLUTE BASIS", "ABSOLUTE AUCTION", OR "ABSO-.

12 LUTE, UNRESERVED AUCTION". A BID MADE BY OR ON BEHALF OF THE OWNER OR.

13 CONSIGNOR OF SUCH PROPERTY SHALL NOT BE ACCEPTED BY THE AUCTIONEER OR.

14 THE AUCTION HOUSE..

15 2. WHENEVER AN AUCTIONEER OR AUCTION HOUSE ACCEPTS A BID THAT IS MADE.

16 FOR THE ACCOUNT OF THE AUCTIONEER OR AUCTION HOUSE, THE AUCTIONEER OR.

17 AUCTION HOUSE SHALL ANNOUNCE ACCEPTANCE OF SUCH BID WITH THE TERM.

18 "AUCTION HOUSE BID"..

19 3. NOTHING CONTAINED IN THIS SECTION SHALL BE CONSTRUED TO LIMIT OR.

20 IMPAIR THE AUTHORITY OF ANY LOCAL GOVERNMENTAL AGENCY WHICH EXERCISES.

21 REGULATORY AUTHORITY OVER AUCTIONS TO IMPOSE MORE RESTRICTIVE REQUIRE-.

22 MENTS..

23 4. THE DEFINITIONS CONTAINED IN SECTION TWENTY-NINE OF THIS ARTICLE.

24 ALSO APPLY TO THIS SECTION..

25 S 3. This act shall take effect on the sixtieth day after it shall.

26 have become a law...

Comment #61

Totally agree with you;.

The trouble is they work on a selection system whereby they print paper slips with a single HostGator submitted printed on each.

They then pass thorugh a panel of selectors who assess the names on their own merits...

At each stage they put the best names in Box A & the rejects in Box B.

Simple in theory but unfortunately they keep putting Box B into the auctions...

You'd think someone at Moniker (& the rest) had a clue wouldn't you??? ;-)..

Comment #62

Monte, if you are still reading I would like to alert you to a situation in which TRAFFIC lost money today. I follow the .mobi names and today I know for a fact that two premium HostGator holders who use mac computers were locked out of the bidding because the snapnames software only works on windows based computers. Surely the commission gained by these individuals who have already demonstrated a willingness and ability to win premium names would pay for a programmer to create a system that doesn't lock out users based on their operating system?..

Comment #63

Re. wall/shill bidding - if there is only one bidder why not just tell him/her "the reserve is xxxx are you willing to pay that price?" - the result would be the same and it would be a lot more honest - although with 'wall bidding' habitual bidders know what the score is anyway and must realize that they are the only bidder..

Comment #64


This question was taken from a support group/message board and re-posted here so others can learn from it.

 

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