One notable advantage of GoDaddy’s auction format, which lacks hidden reserves, is the clarity it provides on the current market value of domains. This setup allows for a revealing insight into how investors perceive their worth, reflecting a "wisdom of the crowds" scenario.
Currently, GoDaddy is hosting a featured auction that will conclude on Tuesday, showcasing roughly 1,000 domains. Initial impressions of the domain list may suggest a lack of high-quality offerings. However, it’s been observed that about 150 domains are attracting bids, indicating significant buyer interest, with 57 domains receiving at least two bids, which signals increasing confidence in their values.
Most bidders tend to wait until auction end to place their bids, but the ongoing activity suggests a promising level of engagement. As of 2:30 PM PT on June 16, the standout domain is CloudMagic.com, which has received bids totaling $7,100, starting the auction at $1,799 and attracting 31 bids from seven different participants. Following closely is Budgie.com, which has a current bid of $6,600 with 19 bids coming from seven bidders, having started at $3,499.
In addition, about a dozen of the 170 .io domains owned by registries are currently receiving bids. The auctions will conclude at staggered intervals on Tuesday and Wednesday.
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