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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.
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 closed eight figures in deals. 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 | LinkedIn