How Do Domain Auctions Work Print

Once a domain name has expired, OpenSRS may decide to list the domain name in an online auction marketplace. Before that happens however, OpenSRS makes every effort to

allow registrants to reinstate their expired domain names. During the first 40 days after a domain name expires, the original registrant can reinstate the domain name simply by

renewing it. Between day -40 and day -70, the original registrant can still redeem their domain name as long as the domain name is not in the Live Auction, though the cost is higher

than a simple renewal. For more information about renewing expired domain names, see "Expired Domains".

OpenSRS has collaborated with Namejet to offer .COM, .NET, .ORG, .INFO, .BIZ, .TV, and .MOBI domain names for auction on Namejet' site. This section explains the lifecycle of

expired domain names as they enter the Namejet auction process.

(Expiration Date)  Domain Name Expires, registry status set to clientHold, which stops the domain from displaying anything in a web browser.

The OpenSRS Parked Pages Program is implemented on the domain names.

OpenSRS sends a list to Namejet that contains all the domain names that have expired and that may be available for auction.

Some of the expired domain names are listed on the Namejet auction site, and anyone who is interested in any of the names can place a backorder for the domain name. A backorder

is an offer to purchase that is made before the domain name goes into the Namejet Live Auction. Multiple backorders can be made for domain names from the time they are listed on

the Namejet site until the Namejet Live Auction begins. Domain names with backorders are virtually guaranteed to sell at the Namejet Live Auction.

The WHOIS information for expired domains that are listed on the Namejet auction site is appended to include a message that promotes the auction.

Even if a domain name is listed by OpenSRS for auction on Namejet, until day -40, it is still considered to be within the Grace Period and can be renewed by the original registrant.

This is the last day that Namejet accepts backorders for domain names listed on their site. If a domain name does not receive any backorders, Namejet assumes that there is no

interest in the name and the name will not be part of the Namejet Live Auction.

Domain names on the list sent to Namejet for the Live Auction are processed in one of several ways, depending on what has happened up to this point.

• Domain name has backorders - The domain name is renewed and placed in a Namejet Live Auction auction account. It is included in the upcoming Namejet Live Auction,
• which usually begins the next day (day -41) and lasts for three days.
  
  Important: Once a domain name enters the Namejet Live Auction, it cannot be redeemed by the original registrant.
• Domain names without backorders are queued for deletion.

When the domain name is sold in the Namejet Live Auction, it is transferred to an authorized OpenSRS Reseller, the WHOIS information is changed to reflect the winning bidder's

contact information, and the domain name is parked. The domain name's new expiration date is approximately one year from Day 0.