Cancelling Sedo auction and accepting the offer

[David G]

I have an account there but never used Sedo for sales and have a basic question.

Let us assume someone made a $60 offer so it was sent to Sedo auction. Let us also assume someone else is willing to bid say $100 but he does not want to make the offer because he can't get the name right away and does not want to wait for auction expiration. Instead he wants the seller to accept the proposed $100 bid and immediately cancel the auction and sell to him. Can that be done according to the Sedo rules? Thanks.

 

[Melly]

No. Once an auction has been started usually the only way they will cancel it is if there is something shady going on.

 

[David G]

Thanks but not necessarily talking about cancelling the auction (should have made that clearer) and dealing direct but accepting the offer using Sedo. As an exaggeration let us say I was willing to take only $80 but someone offered far more than expected, say $800. Does that mean I can not accept that high offer right away but must wait?

 

[Gerry]

I was willing to take only $80 but someone offered far more than expected, say $800. Does that mean I can not accept that high offer right away but must wait?

Wait for what? Wait for the auction to end so you can back out of the $80 deal that you are committed to?

 

[Bassel]

You might get your certification blacklisted.

But i can tell that canceling a running auction is easier than canceling an ended auction while its in transfer.

 

[David G]

Wait for what? Wait for the auction to end so you can back out of the $80 deal that you are committed to?

You are misunderstanding. I was talking about being mentally willing to take just $80 if that was the best offer at auction end, but instead an offer comes for $800 and wanting to accept that immediately rather than wait for auction end.

You might get your certification blacklisted.

But i can tell that canceling a running auction is easier than canceling an ended auction while its in transfer.

misunderstanding too.

 

[katherine]

If you started an auction, the offer received becomes the reserve price.
You must sell the domain to the highest bidder (often it will be the one person that made the offer). In clear, you cannot back out of the auction since you have accepted the bid as a reserve price.
What you can do is ask the other party to enter the auction as a second bidder.

 

[Melly]

If a person sees a name through sedo why not just place a bid there?

From what I am gathering is that you posted a name that you didn't think much of with no reserve and wasn't expecting much. Then someone offered a price you want and want to cancel the auction so you can accept.

You can get your account canned if you don't hand over the domain when the auction is over with so your best bet is to have the person bid on the name and if he wins great if not then you did everything correctly.

 

[David G]

Somehow you are all misunderstanding the question.

No one said they wanted to back out of an auction or do anything against rules. To the contrary it was asked how to immediately accept an offer the seller likes instead of needing to wait until the auction ending date.

 

[angel69]

i think there's no way out unless you wanna get your trader standing affected permamently or if you're lucky Sedo's infamous Security & Compliance Team will review it, if you didn't have any screw-ups before (like not paying a name you won or selling a name & not delivering it) Sedo might let you get away w/one but only one slip, any slip later you're out for good, no 2nd chances

SDSINC is correct, the guy offering you lots more can bid on the auction but unless the name is worth a lot and a few others get to bid up the price by a lot ( how many days are left in that auction ? ) it's not likely you'll end up w/a winning bid near $800, ie your new guy's bid will be $800 (his max bid i guess) but all his entry is gonna do is raise the price to $70 as reserve was already met at $60 so you'd need others bidding high amts as their max bids, ie above $800 so the current price can get to $800, otherwise ea new bidder, whether it's a $200 or $500 bid, will simply cause the price to go up to that new bidder's max bid so it depends on whether there's demand for this domain and how many ppl will enter setting high amts as their proxy bid. Still, due to the high max bid your guy will enter, any other bidders will immediately be brought up to their max bid, if i bid $200 as my max that's the new price, if my gf bids $500 as her max that's now the new price & so on, i assume it isn't a hot name cuz you allowed it to go to auction for $60 so as SDSINC & PinkMisfit said, that was your reserve, no-reserve/no min bid auctions are risky no matter how good the name, just ask a guy i know who got $105 for an NNNN.com just wks ago after a long auction on another site

PinkMisfit is correct, once someone offered you $60 for the thing & it got sent to auction you gotta eat the ending bid. No way they'll let you get out of it (Bassel is right too, he took the words rite out of my mouth, lol...cancelling a running auction is much less egregious than cancelling one w/a winner, that's how i as a seller see it but Sedo won't distinguish) i don't think they'll cancel the auction under any circumstances, at best they'll let it end & if you don't deliver the name at winning bid you'll be in hot water. DocCom is also rite, you gotta wait till auction ends and you can't even entertain another offer even w/in Sedo for $800 or even $8. If you do, I highly doubt Sedo will look at their 10% commission on, say $800, & conclude it's better for them too, it goes against their pockets but they're real formal there. Hope this helps, good luck

 

[angel69]

trader, for what it's worth, i saw a comment earlier that applies here, if you go thru w/the auction & deliver the name @ ending bid that's not to say you can't contact the buyer directly later & try to buy the name from him, if he knows it's good he'll refuse or ask for a lot, but if you're sure the guy you know has a legit high offer you may just want to try + make the most you can out of this ...?!

 

[James]

Somehow you are all misunderstanding the question.

Let me take a stab at it..

At afternic you can start a auction and message back and forth with the

bidder.

You can also make BIN after the auction starts.

So I think your example is at afternic :

xxxx.com $80 bid received .. you start a auction set a BIN of lets say $1200.

Bidder says they'd be willing to pay $800 for the domain.

You set your BIN at $800, buyer places $800 Bid and auction is over.

Right ??

But to answer your question about sedo.com ..NO

The auction has to run its course

G/L

jim

 

[angel69]

hey, james, good advice ...learning more by examining this than trader is, and it's his issue lol

had not realized afternic had such liberal policy w/bin once auctions begin, like you said at sedo you can't, at godaddy once an item goes to auction the bin option gets automatically cancelled if it was a combination listing, i believe it should be that way (gd), some of us suckers would bid only to have someone outside the auction get the name, nah, not fair, forgot how it is at snapnames...?

and trader, if i missed the boat completely or even partially on what your doubts were, tell us, we couldn't have been that far off, and...this is how we all learn in forums !

 

[David G]

Thanks everyone.

 

[angel69]

hope the posts here by everybody helped, let us know if the auction ends w/a low winning bid & if that guy offering much more actually got to bid in the auction, we're all curious, so if you want to share it here, that's great...i've learned a lot from others' bad experiences so i was hoping others here could learn from mine too

also, lol, yet another alternative would be to contact the buyer if the name is sold for a low price and ask him if he would not object if you could not deliver the domain, you might be surprised, do it right after the auction ends & you know who he is from the Sedo invoice, then you can tell Sedo both seller & buyer agree not to complete the transaction, it's a long shot but worth the try, worst case Sedo says no so you try to buy the name from him after like i said before, and if Sedo says yes, you're off the hook

i took an interest cuz i've been there, the long post i wrote was so that Sedo members who come here could benefit from my bad experiences & i know how aggravating it is to have to sell a name for 60 or 70 when someone else approaches you after the auction has begun & offers 10 X more, best of luck again