AUCTION Journeyman.ca and organicmakeup.ca (3.Viewing)

normal TBR auction, expected to close Wed the 11th.

journeyman.ca appraised at $1930 US @ Dynadot, $3743 US @ GoDaddy ... "embodies skill, experience, and reliability", for "businesses rooted in craftsmanship, apprenticeship programs, or services that seek to connect seasoned professionals with aspiring talent". (currently $200, but see link/lander for updates.)

organicmakeup.ca - an AHREFs domain rank 23 domain with 400+ links from 240+ sites. (currently $250)

Thanks for reading!

-Tom

Hi Tom, first timer with baremetal. How long does it take to get the invoice once you have won a domain? I believe I was the highest bid on Organic, but can't see the domain or the invoice.

Rdt said:

Hi Tom, first timer with baremetal. How long does it take to get the invoice once you have won a domain? I believe I was the highest bid on Organic, but can't see the domain or the invoice.

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It can vary. It's a manual process. But I had these two billed and transferred within 30 minutes of auction close. I would guess/assume you got burned by the "second highest bid" model. Last bid was you (?) bidding $300... since the sale price moved to $300 you might imagine that your bid was high bid, but it wasn't. If your bid is the sale price, you are second highest bidder, and your bid will be shown in red, not green. High bid was over $300 and a little over 4 hours before auction closed... but your (?) bid determined the sale price. Replacing that bidding model is on the wish list. Sorry.

p.s. we DO show something very similar to this bid history on the bid detail page.


oh, and if your bid had been the high bid, I'd have extended the auction (high bidder changing in the last hour).

My bid was the 300. So I didn’t win the domain because….?

Rdt said:

My bid was the 300. So I didn’t win the domain because….?

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because someone else bid $350 five hours before you bid $300

sale price is second highest price. That's the model. Very easy to describe, surprisingly confusing in practice. We picked it because it does all the proxy-bidding logic automatically. I'm sorry it caught you off guard. -Tom

Well, call me stupid but I can’t see where the 350 is so that’s why I went with 300, I guess it did not turn green and that’s on me.

I suppose I will stick with whc, at least I understand their bid process a bit better.

Rdt said:

Well, call me stupid but I can’t see where the 350 is so that’s why I went with 300, I guess it did not turn green and that’s on me.

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It's just another method of using a hidden proxy and until you outbid the top bid by an increment, you won't get a green (winning) instead of red (losing). The first bidders $350 would only show if you bid $350 (you're still red since the original bidder was first) and then a hypothetical $400 proxy bid would get you a green at a matching $350 price.

At the end of the day, whoever holds the highest bid (or the first bid in the case of a tie) is the winner. The price is determined by the amount the second-place bidder pushed the winner's proxy to. I think of the MB proxy bidding system as one of matching and exceeding the current high proxy bid, and it works for me.

So you bid $300 and the other bidder had a $350 hidden proxy, so he has the top bid and wins the domain at your $300 second-place price.

Yeah, its one of those things where if you go into it not knowing any better, you can get burned the first time. But once you've been burned, now you know, and its really not a big deal going forward.

It always ends one of two ways:

1. One bidder has a proxy bid higher than the next highest bid. The winner pays the 2nd highest bid.

2. Two or more bidders have the exact same final bid after all proxy bids have been executed. In that case, the person who bid that amount (or higher) first is the winner.

The upside to the buyers is that you pay less (i.e. always the 2nd highest bid rather than the highest bid). Some bidders would look at that and say that's a savings compared to other auction methods and that the auction house is being generous. But its certainly debatable if it is an overall benefit or hindrance.

While you get the hang of it, just look at the detailed bidding page and if you don't see your name in the "winning bidder & price" column at the bottom of the bidding history, you're not winning.

Or just stay away and save me some money, haha.

Rdt said:

Well, call me stupid but I can’t see where the 350 is so that’s why I went with 300, I guess it did not turn green and that’s on me.

I suppose I will stick with whc, at least I understand their bid process a bit better.

Click to expand...

You're only shown the sale price (2nd highest bid). You'll never know what the high bid is until you're the high bidder. (Unless I reveal it for illustration purposes. That's to limit folks pushing the price up beyond what losing bidders would actually be willing to pay.) The 2nd highest bid model is usually done with sealed bids (secret auction), but there isn't enough trust in the TBR world for that.