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- Oct 25, 2005
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Hi guys, not sure where to post this but this seems like the best place.
I am currently involved in a Sedo auction. The domain was chosen as a "Top Domain" and last month I payed them for an appraisal. They came back and said they thought it was worth $3,000 and gave me the option to auction it without a prior bid and would even set the minimum reserve at $2,000 but "strongly encouraged" me to auction it with no reserve as it would "generate more interest and get into a bidding war".
My gut instinct told me not to do that but since they seemed so sure I went ahead and did that.
Now with less than 2 hours left to go in the auction the domain is not even listed on the front page as usual with the other soon to be finished auctions while other domains with more time left are there and even a few domains that have much less lower bids than mine has currently.
For me the only reason to even USE Sedo to begin with is that the auction eventually hits that front page and gives you a lot of exposure but now they are even robbing me of that after I took thier advice to auction it without a reserve and the price is 1/10 of thier appraisal and without anyone seeing it in the last 2 hours it's possible it wont go much higher so what can I do? Am I just screwed? Is this normal for sedo to selectively manually remove a domain from that front page? i have never had it happen to me ever there. I know they say all auctions are legally binding but with either this being a "screw up" or on purpose am I really still obligated?
I am currently involved in a Sedo auction. The domain was chosen as a "Top Domain" and last month I payed them for an appraisal. They came back and said they thought it was worth $3,000 and gave me the option to auction it without a prior bid and would even set the minimum reserve at $2,000 but "strongly encouraged" me to auction it with no reserve as it would "generate more interest and get into a bidding war".
My gut instinct told me not to do that but since they seemed so sure I went ahead and did that.
Now with less than 2 hours left to go in the auction the domain is not even listed on the front page as usual with the other soon to be finished auctions while other domains with more time left are there and even a few domains that have much less lower bids than mine has currently.
For me the only reason to even USE Sedo to begin with is that the auction eventually hits that front page and gives you a lot of exposure but now they are even robbing me of that after I took thier advice to auction it without a reserve and the price is 1/10 of thier appraisal and without anyone seeing it in the last 2 hours it's possible it wont go much higher so what can I do? Am I just screwed? Is this normal for sedo to selectively manually remove a domain from that front page? i have never had it happen to me ever there. I know they say all auctions are legally binding but with either this being a "screw up" or on purpose am I really still obligated?