auction times

[gimpydog]

If you were to start the auction now it would end on Nov/27/06 08:14 PM CET.

Is that 8:14 pm or 08:14 ?

What sort of clocks do sedo have?

I thought I'd ask here 'cus there's no way they will reply to an email before the offer expires.

 

[Nigel]

I think it means 8.14 PM 'Central European Time' which I think is 1 hour ahead of us at the moment. i.e. 7.14 PM UK Time. I had a look at the auctions about to end at they are showing the time as approx 5.45pm whereas it is 4.45 pm here

 

[gimpydog]

Nigel, that's what I thought.

If it was 08:14 the UK would be asleep & the US in bed, so I doubt I'd want to put it into auction.

Sedo ought to let you pick a time within 12hrs of the 7 day offer expiring that suits the timezone of potential buyers. I've sold three at auction & 2 went to last minute snipers.

 

[Nigel]

Hi GD

You're right about the end time of the auctions. If you are a canny buyer you would get up early and bid so that any auction would end before anyone awakes. Sedo should allow you to bring forward the end time of the auction to suit.

Personally I think the auctions have turned out to be a bit of a flop and I think they may have actually resulted in lower realised prices. It appears that some buyers are now bidding much lower, in the hope it will go to auction and the possibility of ending up with a bargain. The buyer is also leaving some extra cash in his pocket to use at the auction if need be. Unfortunately it appears there isn't the great demand many were expecting so some buyers may be walking away with a massive bargain and not having to use up that extra cash.

It would be interesting to hear from Sedo on this. I wonder if they're regretting these auctions. I would prefer to go back to the old system but I doubt if they're going to do a massive U-turn now. I suppose fewer domains will be sold because the buyer and seller are going to be much more cagey, and you won't go to auction unless the bid is really decent or you have first negotiated a reasonable reserve with the Sedo auction team. Would be interested to hear any other views on this.

 

[static]

As a potential seller the sticking point would be the reserve price. I wouldn't allow myself to be 'exposed' by Sedo's valuation methodology. If the price isn't 'right' I'm not placing and I'm not selling, full stop.

I've had Sedo very obviously trying to put the squeeze on before during brokered negotiations with talk of absolute deadlines et.c.,and I've called their bluff and the 'absolute' has then suddenly become 'relative'. My asset, my terms. No intermediary is going to short change me. Sedo has nothing more than first mover advantage and accrued good will, and that crucial second aspect is being eroded day by day.

 

[gimpydog]

Your right about the offers. I have a name atm where the guy has offered 600, but adding a comment saying his max would be high three figures!

I guess he's keeping a bit back for a possible auction.