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MKC.com, sold for $11,000 on 5/24 on the NameJet platform. The bidder defaulted on the payment and the domain was again re-auctioned for $11,000 on 6/3. Once more, the bidder has defaulted and this domain has ended up back on NameJet. Currently MKC.com is at $8,100. What does this mean? Well two issues, clearly NameJet’s bidder certification system is clearly not adequate. Secondly, their auction-reruns aren’t done properly.

NameJet re-auctions defaulted domain names by simply starting the auction weeks later, at the losing bidders highest bid. Is this right? Not at all.

Justin