Advice on .com submitted to Moniker Auction

[MacyT.]

I submitted a bunch of names for the Jan. event weeks ago. This was when their site stated that they'd be responding within a couple of days...which of course they never did.

Since then, there have been several happenings (in this niche) that makes one of my domains even more attractive at the moment. Yesterday, a broker I know contacted me about one of those names to give me a heads up that he has a client who's going to put an offer on it...who wouldn't go above low 5 figures "under any circumstances", he says.

Last year, this name ended up in the extended auction and of course didn't sell. But I was fine with it b/c I knew the timing for the related trend was too early in the US, at least.

Now, I think it would be a reasonable risk to keep it in the auction IF it were in the main one - the broker would bid on their behalf, hopefully generating some healthy competition. BUT if it ends up in the extended auction at that low reserve, then I seriously doubt there would be enough competition to drive the price beyond what they are already offering (and I suspect they would, instead, get it for much closer to the lower reserve).

I don't want to pay commission to Moniker for selling to buyers I already had....but more importantly, I don't want it to end up being sold for less.

So what would you do in this situation? Would you pull it? I know there is a fee...I don't care about that. I care about the potential opportunity to sell it for a lot more versus the risk that Moniker screws me over by placing it in the extended auction and it sells for even less.

I don't know who the potential bidder is - so I cannot prove that to them. I mean, hey, maybe Moniker will pass on it altogether and then there is no issue. But if not...

 

[DN BROKER]

Auctions are a gamble, you either strike it rich or loose!

Take it from my experience, dont auction it - if you have a buyer!