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Have a confusion about 7 day public auction, please answer!

Let's say i have a domain which is at least $1k according to my idea, but still, i want to check what others will value this domain. So, i add this domain to 7 days public auction and set the minimum price for $100 but i'm sure that i won't sell it below $1k. Now, let say if only 2 people bidding on my domain and max. price is $200 which is not my selling price, then is it must for me to transfer/sale this domain to $200 bidding person?

 

Hope you understood what i'm asking.

Regards

3 REPLIES 3
Super User I
Super User I

Re: Have a confusion about 7 day public auction, please answer!


@singh129 wrote:

Let's say i have a domain which is at least $1k according to my idea, but still, i want to check what others will value this domain. So, i add this domain to 7 days public auction and set the minimum price for $100 but i'm sure that i won't sell it below $1k. Now, let say if only 2 people bidding on my domain and max. price is $200 which is not my selling price, then is it must for me to transfer/sale this domain to $200 bidding person?

 

Hope you understood what i'm asking.

Regards


@singh129 Correct, if the domain sells then you are obligated to transfer the ownership to the buyer. You do have one option though, you can indicate a "reserve" price when setting up the auction, this way the domain won't sell for under your reserve price. You can read more here: https://www.godaddy.com/help/understanding-godaddy-auctions-listing-options-1525

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Re: Have a confusion about 7 day public auction, please answer!

If I register my domain with a 7-day auction and if found no bid for the domain, in that case, my query is listed below.

1- Will that domain is still with me?

2- Can I resubmit that domain for 7-day auction again.

 

 

Super User I
Super User I
Solution

Re: Have a confusion about 7 day public auction, please answer!


@mrvyasidea wrote:

If I register my domain with a 7-day auction and if found no bid for the domain, in that case, my query is listed below.

1- Will that domain is still with me?

2- Can I resubmit that domain for 7-day auction again.

 

 


@mrvyasidea  If the domain doesn't sell then yes, its still yours. You can also start another auction afterward.

000

Save money on Godaddy products and get a .com domain for under $1: http://bit.ly/2E7MV0I