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Originally Posted by Lester
From a page I just came across on Snapnames.......
Simple Auctions: If yours is the only order, the domain name will be fulfilled to you for the minimum acquisition fee. If more than one order has been received, a short auction will take place to determine fair market value.
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Yeah, with most of the services you will acquire the name if nobody else bids on it, but then you have to yourself if its worth $60 to get a domain nobody else wants.
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