Sedo Bid

[sedo]

Hi Everyone,

because there are some screwed up people out there, nothing Sedo can do about that.

It's nice to hear that some people really do recognise this.

It was more the point of why a seller (which I have been on your system and it did well for me) would ever press accept bid on your system instead of going straight to auction?

One reason is that a seller may end up with a sale for much lower than he wanted. For example, say if you bid $60 on one of my domains, and I make a counter offer of $300, because that's nearer my domain's worth in my opinion. Maybe I'll get you to put in a higher offer. However, if you don't make another bid and I put the domain into auction, there is a chance that nobody else will bid, then I have to sell my domain to you for $60, leaving you with a bargain. For that reason, many sellers do avoid the auction.

Regards,

Shaun

[email protected]

 

[suzi]

For that reason, many sellers do avoid the auction.

Sorry, but I think this misses the point.

In the situation you describe, they wouldn't be a seller, because they're not prepared to accept $60.

But, once they have an offer that is acceptable to them, it brings us back to GreyWing's question:

...why a seller ... would ever press accept bid on your system instead of going straight to auction?

Suzi

 

[sedo]

Hi Suzi,

When the seller puts the domain into auction, according to our terms and conditions they are bound to accept that original $60 bid if they don't get any higher bids.

Regards,

Shaun

[email protected]