On May 13th of this year, the DropCatch.com auction for the Tema.com domain name closed at $128,938, as reported by NameBio. According to a tweet I saw this afternoon, Tema.com is being re-auctioned on DropCatch.com:
DropCatch is re-auctioning Tema .com due to non-payment.
— Bill Patterson (@billp3) May 18, 2020
If you visit DropCatch.com right now, you can confirm that Tema.com is in auction again. It would appear that the winning bidder did not pay for the domain name.
The current high bid for Tema.com is $20,300, and it is the most expensive auction on the site at the moment. There have been 195 bids placed on the auction.
It will be interesting to see where this auction ends when it concludes in a bit less than three days.
Why doesn’t DropCatch just award the domain to the next highest valid bidder?
Why does it need to be a re-auction? And why is the re-auction public? Are they really this greedy?
Don’t they realize that they are just embarrassing themselves and losing respect and credibility with all this Fraudulent activity like the issue that occurred last month where Natalie tried to use this blog as a way to attract new bidders to the re-auctions?
Natalie abandoned that dialogue which is a clear admission that they were guilty of trying to attract new bidders to the re-auctions by keeping them public.
Their bad-faith intent is obvious and readily apparent.
It’s happening a lot lately. And i agree she didn’t follow up on a serious issue and got away with free advertising.
Inside job to jerk up the price..to get as much money as possible.
Unreliable and lost of trust. Most probably your personal info got stolen.
I do not agree with that accusation.
In these trying challenging times we are facing the unknowns,conspiracies,hacking and unintended consequences…
Our liberty is being attacked on all fronts.Paranoud breeds paranoid.
We don’t know who to trust or believe anymore,we are bombarded with fake news.
What you think won’t happen is happening right in front of our eyes.
You are in denial like the rest of the mutants.
The day the FBI starts an investigation or some lawsuits (or a class action) for online fraud are brought against the main domain auction houses, we’ll have some real fun … and some people will (finally) end in jail, after asset seizures and huge refunds to clients …
I’ve seen too many shady stuff for many years, driven by a more and more rampant greed.
“too much shady stuff”
Typo, sorry 😛
dropcatch has way to many shady bidders who come, and go with new user names every few weeks.
I don’t go to domain auctions because my gut feeling is they are rigger as follows:
– Expired doamins: to jack up prices
– Regular auctions – to either jack up or put a lid on the price
The same way turn commerce was using backorders to snipe godaddy closeouts, what makes you think they are not capable of such other things?
I assume you’re asking me why I don’t agree with the accusation made by the BS guy?
As far as I understand, what is being done at GoDaddy is within GoDaddy’s rules and is not illegal. I can see why it would be frustrating to other bidders, but I do not really buy closeouts so I can’t comment based on much first hand experience.
On the other hand, I believe manipulating auctions would be an illegal act, and if it was done at any scale, I think that could potentially be a serious case of fraud. I just don’t think that is the case here.
I think every auction and sale platform deals with non-paying bidders. With GoDaddy Auctions, I believe the underbidders are given the option to buy domain names that were won by non-paying bidders, so the public does not see how prevalent non-paying bidders are on that platform.
Your confusing the current snipe situation, with the backorder loophole they were using a few years back, if you placed a backorder as soon as a $12 auction ended within godaddy, it would bypass closeouts, and win the domain automatically for that buyer. Whereas people looking for it to drop at $11, would be sitting their hitting refresh for hours not knowing it had closed.
Yes, I guess I am confused.