I was looking through the auction results and saw a bunch of solid quality domains that did not sell due to not meeting reserve. I always loved Namejet because you could snag a good deal due to the no-reserve auctions, maybe it didn’t happen every day for you but the possibility was there.
The reserve auctions at Namejet are putting me off a little bit. One example is an auction that closed today for TheHotel.com. The bidding reached $21k and still had not met reserve. You don’t know what the reserve price was since there is no ‘reserve range’. The high bidder in the end was bidding against himself. The second high bidder bid $12,000 and the high bidder came in at $15,500 (reserve auctions are not proxy bids when the reserve has not been met). Reserve still hadn’t been met so he bid again at $21,000… instead of offering $100 more then the previous high bidder as you would in a normal non-reserve Namejet auction, the high bidder was now offering $9,000 (or 75% more) than the second highest bidder. Reserve still not met. Having to bid against yourself is not in the spirit of what I feel has made Namejet successful. Yes, you can say they are branching out, fine, it just goes against why I loved Namejet so much. I think they should at least put a reserve range in there so that people aren’t wasting their time bidding if the reserve range is well beyond what they can/would pay.