Auctions for Domain Backorders are closed. Only the customers that backordered a domain prior to its acquisition by Pool.com are able to participate in the auction and bid for the domain. All auctions begin with an initial bid of US $60 (our standard acquisition fee), made automatically on behalf of the first customer who backordered the domain.
The period set for an auction lasts between 60 and 72 hours, dependent upon the TLD (domain extension) involved and the bidding activity. When a bid is placed that changes the auction's price during the last 5 minutes, the closing time will be increased by 5 minutes from the time the auction price was updated. The Auction Close Time will continue to be extended by 5-minute increments using this algorithm from the time of the last bid until the auction has extended an extra 15 minutes. At this point, if a bid is placed resulting in a new auction price within 2 minutes of the closing time the auction will extend by 2 minutes from the time the bid was placed. This extension process will continue indefinitely until the auction price remains unchanged for 2 minutes.