NamePros will be holding another live auction in their chat room on January 14th. This will be the second live auction in less than one month after more than a year hiatus. Last month’s auction had a pretty good turnout and overall sales topped $3300 with some decent names exchanging hands.
The queue for the upcoming live auction is now open and already has lots of junky looking names with a few good ones mixed in. For some reason this month’s auction has not yet even been announced sitewide at NP and I only realized the queue was open because I saw a link to it within a mods signature. I’m sure by Monday the word will be out to most forum members.
When I blogged about the live auction last month, it was already too late to submit any names, however that is not the case for the auction this coming Friday, so submit your names if you want them to be included! As hundreds of names will be submitted this week, not all will make it to the live auction which is explained on the queue page:
Names in the silent auction are up for bid in consideration for the next live auction event on December 17th. Auction lots receiving bids of 50% or more of their reserve price will be guaranteed to qualify for the live event. All auction lots have a reserve price that is considered binding if met or exceeded in either the silent or live auction.
As far as fees to submit your auction that information and all other auction rules can be found on the page where you add your name(s) to the queue, I took the auction fee info from that page and pasted it below:
Auction fees: There is no fee to list your domain in the NamePros Auction. Upon successful completion of your transaction, there is a 5% final value fee due with a $5 minimum. If your domain does not sell there is no fee.
The minimum reserve is $5. Reserves of $5 are an excellent way to encourage bidding and qualify your domain for live auction, but be mindful that the final auction results will be binding.
Ok domainers, no excuses this time.. Get your good names into this auction and start pre-bidding on names you like to ensure they do in fact make it to the live auction.