I was attempting to place bid on an auction at GoDaddy Auctions this morning when I was shown this message on the bid confirmation page.
My proxy bid amount was just above $100, and the GoDaddy Estimated Value was just shy of $2,000.
When I first saw the highlighted copy within the bid confirmation screen, I thought there was a problem with my bid. With the yellow highlight, I thought GoDaddy Auctions was informing about an account issue rather than encouraging me to increase the amount of my bid.
This isn’t a one time message either. After placing my bid on this auction, I went to another auction to place a bid. The message was shown to me again when I attempted to make a proxy bid lower than 10% of the automated Estimated Value. I placed a bid on a third auction for a domain name with a $4k+ Estimated Value, but the normal bid screen was shown. I suspect this indicates GoDaddy is testing this messaging.
I don’t think this notice will impact my bid strategy, but it could impact how others bid, particularly newer investors. I think it is peculiar to see bid encouragement based on the automated GoDaddy appraisal tool.
Peculiar indeed.
Greedy Godaddy always trying to find new ways to lure more money out of the pockets of bidders/buyers. Just putting out statements like that when people submit bids can make people suspicious, especially when GD DOESN’T share any stats (what else is new) to support their claims.
That’s a very bad way of suggesting bidders to place higher bids based on the automated appraisal tool which is completely worthless same like any other automated appraisal tools IMO.
Expect Estimated Value of names to go higher then, to increase the suggested bid amount.
godaddy…they keep being arrogant and always trying to get into people’s pockets.
Let them keep doing it; somewhere along the line, they will pay the price for it.