...5.1.1.5. Fixed Price and Minimum Offer ListingsIf the Seller states a fixed selling price, then a binding offer for the conclusion of an agreement for the stated sales price lies in the listing of the Domain and is binding until the Domain listing in the Seller's user account has been changed and the change has been reflected on the Domain Marketplace. The sales price is considered to be the end price for the Buyer including any applicable taxes...
We bid on a FIXED PRICE which according to the SEDO contract IS binding
Maybe I'm missing something here.
Sedo is only a
venue; place to advertise much like the classifieds in the newspaper or craigslist ... with the contract of sale between buyer and seller only.
That's why Sedo, and similar is true for Afternic and also Ebay, legally does
nothing when sales go bad ... about the most they do, and not even always, is suspend / cancel one's account.
Some buyers / sellers take advantage of Sedo's lack of enforcement ability - they'll make contact with others there, but then do their sales privately to save the commission.
On a related topic of Sedo auctions ... last I checked, Sedo is
not a licensed auctioneer in most jurisdictions, if any.
Sedo is sketchy all around - it's fine for promoting one's domains for sale / seeking out domains to buy, but to rely on Sedo for completing the sale is folly.
Ron