Whatever the case may be from each side (and whatever truth is revealed/proven), one thing that will always remain true is: Allowing domain owners to bid on their own auctions will break not only all that is moral about domain auctions (which is already a fine line), but the system in and of itself.
Let’s be honest here, not everyone walks a moral high ground, most people have zero morals an are absolutely blinded by the “all mighty” dollar. The chance to increase their return would blind them and their intent will be purely based on increasing that value by bidding up their own auctions. It already happens, and to green light that behavior would be catastrophic and detrimental to our industry.
Our job as a community is to find these issues, mend them, and apply the appropriate actions to ensure the longevity, and integrity of our industry. If we lose sight of what is truly important, we all lose.
This is TOTAL BULLsh*t!!
These are scams not auctions.
If you want to set up a system for owners to bid, then do it in the light of day!
Namejet should shut this down immediately AND a complete audit should be done!!
Bidders should have the option to walk away from tainted deals!
Links to Booth domains being brokered by another NJ seller…
This is like asking @MediaOptions to broker a no reserve auction (list as no reserve to get more interested) then if the seller doesn’t like the results, the seller bids on MediaOptions auction. The seller pays NameJet, NameJet pays MediaOptions, then MediaOptions pays the seller.
It’s sickening to know how often this behavior happens. Ever wonder why certain brokers consistently get more at auction? Shill bidding. Disguised in a multitude of ways.