Domain Manage

New one minute auction site...Starts Monday, May 15th

Discussion in 'General Board' started by len, May 16, 2009.

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  1. len

    len Active Member

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    New auction site - DNKO - The New Standard For Domain Name Auctions

    Looks like the first auctions start on monday May,18th.... and guess what...each auction only lasts for 60seconds!! Wow, a quick way to make money if it takes off!!

    The site looks and feels very professional and the actual auction process is outlined in full: DNKO - The New Standard For Domain Name Auctions

    Be very interesting to see how this goes.... Apparently they are looking at three auctions periods a week with all domains that are entered for each auction period going on the block for one minute each. Pre-bidding is allowed and reserves can be set for a small fee.

    If a domain is sold then the sales fee is a very reasonable 5% ->>>>> Off to submit some domains. :)



    Disclaimer: I am in no way, shape or form affiliated with this site.
     
  2. Domain Forum

    Acorn Domains Elite Member

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  3. bensd United Kingdom

    bensd Well-Known Member Exclusive Member

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    What a rediculous idea ;)
     
  4. golddiggerguy United Kingdom

    golddiggerguy Well-Known Member

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    60 seconds :confused:

    Madness 60 minutes maybe yes but seconds erm NO :rolleyes:
     
  5. doodlebug United Kingdom

    doodlebug Well-Known Member

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    If pre-bids are being taken then 1 minute must just be for the auto bids to be placed therefore a 1 minute result time.

    The actual auction time would be from the time the first pre-bid is placed. So could actually be days or weeks.
     
  6. doodlebug United Kingdom

    doodlebug Well-Known Member

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    How about goneinsixtyseconds,co,uk :lol:
     
  7. len

    len Active Member

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    One thing I have learned in life.......Don't knock anything until you have tried it! ;)
     
  8. golddiggerguy United Kingdom

    golddiggerguy Well-Known Member

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    Almost sounds as though your running it Len ;)
     
  9. len

    len Active Member

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    I wish....Lol

    Found out it is the brainchild of someone from another forum. Maybe they will have to change the time to let's say 5mins if it doesn't work out but I think we domainers should give it a try.

    There's no harm in that and it's the only way we can see if this is going to work or not.


    Always room for other auction alternatives in this business IMO.
     
  10. len

    len Active Member

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    Update: There are now 90 domains entered into the auction on Monday!!
     
  11. jasman United Kingdom

    jasman Active Member

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    Daft idea. If you're selling, you're bound to miss out on bids if it's just 60 seconds, so why would anyone want to put a name up for auction using that system? Not surprisingly the domains in the auction look crap.
     
  12. len

    len Active Member

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    I think the platform bodes more towards pre-bids. The concept being that if you see a domain you want and it's resonably priced then making a pre-bid is more likely to get you the domain as there is only 60 seconds for other bidders to try and snag the domain once the auction starts.

    How many domains have you seen go through Sedo for seven days that never see another bid?

    BTW if you have ever been in an auction you will know that most of the bidding occurs in the final minute or so.... Also, any bids at DNKO will extend the auction by 15secs from the time the bid was made.

    Oh, and if there is so much "Crap" in there why don't you submit one or two of your "Superior" domains!
     
  13. mat United Kingdom

    mat Well-Known Member

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    Probably wont be the most fun if the site or your browser jams when trying to make a bid :D
     
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