GoDaddy announced that is developing a new tool (probably called Daily Gems) to help people find bargains on GoDaddy domain auctions.
The (not yet available to the public) tool provides 3 lists: Most Active, Top Picks and Best Value.
The domain lists provided include the current auction price of each domain and a GoDaddy valuation. GoDaddy says that the valuation is based on an algorithm that utilizes the data GoDaddy has available to it to help identify predicted sale prices of domains.
Automated domain name valuation is notoriously inaccurate so people should be careful with it. That is also why GoDaddy has a lengthy disclaimer. (see below)
The announcement about the new tool came from Joe Styler that shared 3 test domain lists and said the following:
Hello Everyone. We have a new tool we are testing out that finds bargains on the GoDaddy Auction site. We wanted to share some of our finds below. As always do your own research before bidding on any names – see full disclaimer below.
The valuations included in this blog are based on an algorithm that utilizes the data GoDaddy has available to it to help identify predicted sale prices of domains. However, we do not make any guarantee or other promise as to any results that may be obtained from your purchase or sale of any domain, and this is not intended as a solicitation or offer to buy any particular domain. Any information presented and/or made available to you in this blog should not serve as the receipt of, or a substitute for, individual review of each domain name by you. It is your responsibility to independently assess and determine the value of any domain you may purchase or sell. We make no guarantee that you will realize any return on your purchase and subsequent sale of a domain name. We shall not be liable for any losses you or anyone else suffers as a result of relying on the valuations, which includes not being liable for any loss of profit, loss of bargain, loss of capital through over-payment or under-sale or for any indirect, special or consequential loss. The information may only be used exclusively within our network and not with any 3rd party provider.