I logged into my account at Namejet today to see what auctions are ending in a few hours. I saw I had 2 that had 2 bidders in the auction. That usually means that it was only me and another interested bidder that backordered the domain names 3 days ago.
Not this time. I clicked on one of the domains only to see that the other bidder was someone named “NameJet Reserve”. Of course this someone is not a bidder. It’s the Namejet reserve that has been set by a person or company that is auctioning it’s domains at Namejet. These are not expiring domains. So it was only me against the reserve. Initial price was the usual $69 at Namejet. I made a bid for $89 only to be outbid by the reserve with $99 and now the minimum bid is $109. So worst part is I can only bid in $20 increments!
I am sorry Namejet but this is not going to happen. This actually seems like a bug. The correct way to handle it would be for me to be the high bidder but with “reserve not met” I wouldn’t win the auction. Or I could have the same bid as the “Namejet Reserve” but I would be losing. This needs immediate bug fixing from the Namejet support as increments are set at $10 at Namejet, not $20.
I contacted Namejet support but all I got as feedback was this:
“The reason that you are seeing this in your auctions is that there are reserves placed on these domains. As the increments come in $10 bids, the reserve bidder will also increase by $10. The bidder namejet reserve will increase until the reserve is met.”
This doesn’t explain why I am bidding against myself and I might end up paying $10 more that the reserve.
After checking whois I saw that the 2 domains are auctioned off by Yummy Names that is owned by Tucows Inc.