Auction Theory and Reserve Prices

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In auctions, setting reserve prices can alter behavior and skew perceptions of an item's true value. To encourage fair market value determination, it is best to set a low reserve price and allow the market to dictate the worth of an item based on market demand. Revealing reserve prices upfront can lead buyers to feel they overpaid if an item sells for more than the reserve. Auctions are meant for price discovery and emotional engagement, where bidders compete against each other to win, fostering a sense of satisfaction and thrill. The dynamic of bidding against known and unknown competitors further enhances the auction experience.

What do successful domain name investors think when they value domain names? In this show: - Scott Pruitt and Monte Cahn from ROTD.com join to give a preview of the NamesCon 2024 Auction; - The Sherpas go over some of the premium .com domains available as well as other extensions like .ai, .org, etc, including DMV.com, Cali.com, Doe.com, OI.com, and Saints.com; - They discuss some recent upgrades to the online auction platform; - Monte gives an update on his Las Vegas restaurant CrashNBurn.com; - Scott and Monte provide a status report on the .hiphop tld; - DomainSherpa is now integrating with Muse.ai for episode transcripts and an AI-driven video player to easily look for topics, words, phrases, etc., and jump to the points in the video where they occur. Let us know your feedback! - Plus, all DomainSherpa podcasts are now up on our YouTube channel at DS.tv and much more! JT is joined by Drew, Scott Pruitt, and Monte Cahn - so be sure to tune in!!