Travis and I had questions on exactly what happens when a domain that is a public auction (private listing) gets a bid, two bids, no bids? I thought I knew but I wasn’t quite sure. So we did what most people should do. Write a post about it and complain. Just kidding, we just asked. Here is the procedure for public auctions. Most of you probably knew but thought it would help a few people.
If there are no backorders on a domain, there is no auction at all.
If there is only one backorder and no reserve, there is no auction, and the domain is awarded to that single bidder.
If there is only one backorder and it meets the reserve amount before the auction starts, there is no auction, and the domain is awarded to that single bidder.
If there is a reserve, even with only one backorder (under reserve), an auction will open with the hopes that they will increase their bid to meet the reserve and be sold.
If there is no reserve, and multiple backorders at $69, and no bidders increase their bid amount, the person who entered their backorder first, will automatically win.
There you go. Everything you needed to know about how a Public Auction works.