Showing you the truly open system is the most profitable for the Auction house. I will bet bottom dollars most every auction house will eventually transition to the most profitable version.
Sure, but it's certainly not that simple and WHC doesn't exist in a vacuum. Current TBR investor prices are absolutely unsustainable and the market will eventually adjust and contract based on this competitive, open auction-based price-gouging. Assuming auction participants don't all want to go bankrupt, there is a real-world ceiling to how high TBR auction prices can rise, and I think a lot of people are sitting a few floors above that ceiling right now.
That is, unless .CA domain sales and end user prices suddenly grow exponentially to make up the ever-growing gap, and I don't see that happening. To me, end user .CA demand is pretty well the same as it was 5-10 years ago, yet the cost of acquisition has skyrocketed. Hmmmm...
I was having a conversation about this yesterday, as it wasn't that long ago that you could buy a true premium .CA for $500-$1K and an ultra-premium for a bit more. Now, people are blowing $500-$1K on junk domains and even more on Fool's Gold and, at least for now, this is seemingly the 'new normal'.
Look at some of your portfolio you bought years ago and extrapolate what these domains would sell for on WHC today. TBR auction prices have increased 3X-5X at least and I am not seeing the number of .CA sales or end user prices increasing by the same 3X-5X rate over the same period, so eventually, something's gotta give. The only reason I'm not 'getting out of Dodge' is that I also own a pile very nice domains I got for cheap long ago, but God help someone starting from scratch in today's TBR bubble.
.CA domains are easy to buy but tough to sell, and I think over the next year or so many will start to understand this adage.