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Recall Media Group’s new Bido.com domain auction service has launched today. The first auction will begin in about one hour, so get ready if you’d like to participate. The first domain to be auctioned off is DiscountImages.com. This should be a solid $x,xxx domain and the reserve price is only $1!

Bido offers a novel service in many aspects. First of all, there will only be one domain auction per day. With many domain owners having complained about too many domains in live and online auctions in the past, I think this is a great idea because this way the domain will get maximum attention. Secondly, all auctions start at $1. Yes, that’s correct. I’ve read some negative comments regarding this week’s domain auction inventory on domain forums, saying most of the domains offered for sale were of low quality. Quality always is relative. If you attend a live domain auction there will be many domains sold at $xxx,xxx+ reserve prices, but at Bido all domains start at $1 only. DiscountImages.com or GoldAuction.com starting at $1, what’s wrong with that? These are valuable domains without inflated reserves. Another novum is that Bido has some domain experts who publicly post their opinion or evaluations of the domains on Bido’s website, so that potential buyers can read them and get insight from domain industry pros.

Overall, Bido.com looks really promising to me and I wish Sahar and everyone else involved best of luck!

Don’t forget, the DiscountImages.com auction begins soon!