 I always look threw the domains on NameJet as I’m sure many of you do as well. I always wondered why some domains get bid up so high before the auction even starts. I just figured that people might put in there max proxy bid, so they do not have to babysit the auction, then somebody puts in a higher bid, and the starting price goes up due to the proxy bid! Boy, was I wrong!
Today, I did a test. I picked a domain (Papst.com) that had 0 bids. The min backorder price was $69. So my guess would of been, if I put in a price any higher then $69, that would be my proxy bid, and the auction would still show a current bid of $69 with one bidder.
So I put in a bid of $149 knowing there are no other bidders and sure enough, the current auction price is now $149, not the $69 it should be! Nobody bid against me and the price instantly went to what I put in as my high bid (proxy).
The thing that really gets me, is when you place your Backorder Bid, it says NOTHING that your bid is or is not a Proxy Bid. After you place your bid, and go into your account for your backordered domains, and if you wanted to place another bid, THEN the bidding box states, the bid is NOT a proxy bid? This is too late and after the fact really!
 This is wrong NameJet and shame on you! The standards for auctions, is your high bid is your Proxy Bid, not what you want the current price to be!
Below are two Screen Shots. The first is one showing my bid of $149. The second shows two things. One that I am the only bidder and secondly, on the screen after you bid, it says if you bid again, it’s not a proxy!
Jamie Zoch
www.DotWeekly.com
