Information About “NameJet Reserve” Bidder Handle on NameJet | DomainInvesting.com
101 Domain

Information About “NameJet Reserve” Bidder Handle on NameJet

11

On various forums and some blogs, I’ve seen people ask the question, “who is the NameJet bidder called NameJet Reserve?” Most of the time, it seems that people are upset because this “mysterious” bidder is the only other bidder in a particular auction, it shows up at the last minute, and/or it increases its bid just above or below your bid.

The NameJet Reserve bidder almost appears to have the hallmarks of a shill bidder working on behalf of the auction house, but that is most definitely not the case.

The NameJet Reserve handle is not actually a bidder at all, and as the name itself suggests, it is the reserve price set for a particular domain name that has been placed in a private auction at NameJet. My understanding is that the Reserve bidder was created as a way to enable reserve auctions on a platform that was not built to support them. According to NameJet, there are plans to roll out a true Reserve Auction format, but I am not sure when that will happen.

You won’t see NameJet Reserve bidding in pending delete domain auctions, just infrequent auctions for privately owned domain names that have reserve prices. If you happen to be the only bidder, it will continue to bid along with you until the reserve is met. One good thing is that once you’ve surpassed NameJet Reserve in an auction in which you are the only other participant, you are going to win that auction and don’t need to track it until it’s over.

Once again, NameJet Reserve is not some conspiratorial bidder that is shill bidding on behalf of NameJet :-)


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


Reach out to Elliot: Twitter | | Facebook | Email

Comments (11)

    Acro

    Even the almighty Frank is p*ssed! 😀
    http://bit.ly/aJexo4

    June 10th, 2011 at 5:04 pm

    Gnanes

    There are more .net names in the NJ list with reserves. They should let people know if a name is expired or private auction. Only way to find out right now is to bid and wait for auction to be setup.

    June 10th, 2011 at 5:34 pm

    John

    I had a handle on an auction system a long ago I think it was username “You Did Not Bid” to be funny and to warn off other bidders.

    But it created confusion instead and there was frustration as the username was always there no matter how much you bid.

    If you had looked closer…. lololol

    June 10th, 2011 at 5:54 pm

    Domainer

    As I have noticed, some of “NameJet Reserve” domains are from Register.com registrar. Domains that expired and went on auction at Snapnames but did not sell or had no bids at all. Register.com holds them and from time to time tries to auction them at NameJet.

    June 10th, 2011 at 6:10 pm

    Acro

    Actually, one should check the WHOIS of NJ domains; those that aren’t in pending delete are definitely managed auctions with a reserve and most are with eNom. With a 15% cut, NJ has played the game beautifully.

    June 10th, 2011 at 7:13 pm

    RH

    Excellent advice Theo, many do not know what they are bidding on. Its worth it to check the whois first.

    June 10th, 2011 at 8:29 pm

    smac

    The problem is they are running the auction as a pending delete, if the reserve is 79 just say 79!

    I have to dis agree Elliot it’s not “just infrequent auctions for privately owned domain names that have reserve prices. ” it is common practice.

    SMac

    June 10th, 2011 at 8:57 pm

    John

    “is the reserve price set for a particular domain name that has been placed in a private auction ”

    Not true.
    I am seeing it biding in pre-release auction which are not private owners.

    June 28th, 2011 at 3:39 pm

    matthep

    I was in pre-release auction, only bidder, when NJ reserve bot came up. So, pre-release are also affected.

    November 29th, 2011 at 3:30 pm

    The Man

    If you guys only knew. Name Jet should NOT be having the mysterious software come in at the last minute, jacking the prices up. If the auction only goes to 50.00, then 50.00 it should be.

    What a joke. If I thought consumers could be so stupid I would started my own name catch service.

    Wait? Maybe I let that name drop? What?

    December 17th, 2011 at 3:22 pm

    Ricc

    When I first started noticing the “NameJet Reserve” bidder, I thought maybe it had something to do with the interplay between NameJet and SnapNames. I thought, for example, that if the max bid at namejet was $500 and you had someone on SnapNames who’s starting bid was $800, then the NameJet Reserve “bidder” would come into play. I still wonder about this.

    January 21st, 2012 at 2:39 pm

Leave a Reply

Name *

Mail *

Website