From following the drops, I notice that sometimes domains are purchased by Domain Active and Publishing Australia. From reading previous posts, my understanding is that DA is tied in with Drop, and that Pub.Aus is tied in with Netfleet. Is this possibly a conflict of interest if they are bidding against their clients? Or is it all ok?
Query
- Thread starter Designer
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@zhenjie - thanks for info, I understand but am still confused. Yesterday there was a domain that was won on Drop by Pub.Aust. I noticed this because this was one of the few domains that Netfleet didn't win even though there were many bids on their site. Wouldn't the person who was top bidder on that name on Netfleet be pissed? They could maybe think that Netfleet didn't try hard enough to snap the name. Or doesn't it work that way? That's what I meant by conflict. I'm not having a go at Drop or Netfleet. I'm simply curious.
Just to be clear, Publishing Australia and Netfleet are 2 very different companies run by different people with completely different business strategies.
From my pov, I look after pa and regularly bid on drop. Pa is already disadvantaged because Netfleet asked that we don't bit on nf because there might be a perceived conflict.. To which we agreed.
Remember also that Larry, Anthony, all the other guys who work at Netfleet and netregistry have never had any interest whatsoever in pa so you can be sure they aren't going to deliberately miss out on revenue by not chasing a domain.
From my pov, I look after pa and regularly bid on drop. Pa is already disadvantaged because Netfleet asked that we don't bit on nf because there might be a perceived conflict.. To which we agreed.
Remember also that Larry, Anthony, all the other guys who work at Netfleet and netregistry have never had any interest whatsoever in pa so you can be sure they aren't going to deliberately miss out on revenue by not chasing a domain.
Drop.com.au
Top Contributor
To clarify Drop’s position - We have an arrangement in place with Domain Active for their domain acquisition where we will try to catch domains for them only if those domains receive no bids on Drop.com.au.
We do not bid for domains on other platforms as we believe this to be a conflict of interest and have made statements to this effect previously...
http://www.dntrade.com.au/catching-domains-running-drop-catcher-t1127.html
http://www.dntrade.com.au/domain-snapper-auctions-t1186.html
Andrew
We do not bid for domains on other platforms as we believe this to be a conflict of interest and have made statements to this effect previously...
http://www.dntrade.com.au/catching-domains-running-drop-catcher-t1127.html
http://www.dntrade.com.au/domain-snapper-auctions-t1186.html
Andrew
@David - thanks for explaining. You say that Netfleet and PA are two different companies, but doesn't PA own 50% of Netfleet? If so, doesn't the potential for conflict exist? If I was the highest bidder on Netfleet for a name but they didn't win it, and then I see PA win it on Drop then that to me is suss. Just saying.
@Drop - thanks also. Are you able to tell me who are the people involved with Domain Active and what relationship do they have to Drop?
I don't mean to stir up a hornets nest, but I'm just interested. Thousands of dollars are invested every day in this biz, and it is unregulated.
@Drop - thanks also. Are you able to tell me who are the people involved with Domain Active and what relationship do they have to Drop?
I don't mean to stir up a hornets nest, but I'm just interested. Thousands of dollars are invested every day in this biz, and it is unregulated.
No worries at all...
Pa used to own 50% (owned 100%) originally but now doesn't own any of it.
IMO if you aren't the highest bidder on BOTH platforms and you miss a domain then you only have yourself to blame. The power is in your hands to avoid even having to worry about potential conflicts of interest (unlike most aspects of life)...
Pa used to own 50% (owned 100%) originally but now doesn't own any of it.
IMO if you aren't the highest bidder on BOTH platforms and you miss a domain then you only have yourself to blame. The power is in your hands to avoid even having to worry about potential conflicts of interest (unlike most aspects of life)...
Drop.com.au
Top Contributor
Hi Designer,
Domain Active Pty Ltd is no longer owned by Dark Blue Sea. Not since the on market acquisition of DBS by the Photon Group.
Drop.com.au (which is a subsidiary of Dark Blue Sea) has an arrangement with Domain Active to manage domains sales and acquisition. This is a legacy arrangement that carried over from before the Photon Group acquisition.
None of the staff or day-to day managers of Drop.com.au or Dark Blue Sea are shareholders of either Drop.com.au or Domain Active, directly or indirectly.
Andrew
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Been in Bali for last 12 days. Simply stunning place. Had a chance to properly read old posts.
@David - wise to restructure. I was thinking that Pub.Aust still had some connection with Netfleet. Conflicts work both ways; does anyone associated with Netfleet has any sort of interest in Pub.Aust? How do you separate your involvement with both companies? Do you have a "Chinese Wall" structure? I'm just intrigued and not being accusatory.
@Andrew – thanks for explanation. I think there are some issues with people not being able to make last minute bids in the 5 minute window. It’s during this time that you place bids for Domain Active isn’t it? How does that work? Do you get a list of domains? Again, just intrigued and not pointing fingers.
@David - wise to restructure. I was thinking that Pub.Aust still had some connection with Netfleet. Conflicts work both ways; does anyone associated with Netfleet has any sort of interest in Pub.Aust? How do you separate your involvement with both companies? Do you have a "Chinese Wall" structure? I'm just intrigued and not being accusatory.
@Andrew – thanks for explanation. I think there are some issues with people not being able to make last minute bids in the 5 minute window. It’s during this time that you place bids for Domain Active isn’t it? How does that work? Do you get a list of domains? Again, just intrigued and not pointing fingers.
Drop.com.au
Top Contributor
Hi Designer,
No, Domain Active bids cannot be placed during the last 5 minutes.
There's two relevant sections in our auction guide that address this...
1) The Drop.com.au auction platform hides all bids until more than one bidder is involved in that domain auction.
2) The DROP auction ends at 12:54PM AEST. Where any domain receives a bid in the final 5 minutes the auction will be extended a further 5 minutes. A domain auction may be extended only once until the final extended auction close at 12:59PM AEST.
A $0 bid (essentially a hidden bid) is only able to be placed where there is no existing bid. Any bids after 12:54PM AEST have to have "received a bid in the final 5 minutes". These two rules prevent any $0 bid after 12.54.
Cheers
Andrew
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