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what a scandal
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Join the queue... it seems Dog.co.uk 'sale' was another non-paying bidder as well.
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edited on request
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Hi Lee
We have a security and compliance team who monitors the auctions, and in this case there was no evidence that the buyer was not genuine.
One of our Sedo brokers will work with you to achieve the best price for your domain.
regards
Joanna
We have a security and compliance team who monitors the auctions, and in this case there was no evidence that the buyer was not genuine.
One of our Sedo brokers will work with you to achieve the best price for your domain.
regards
Joanna
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A further thought ; you ought to be able to request the 'buyers' details from Sedo to follow up direct.
This can work in two ways , either Sedo have cocked up (ie. Sealedbids.co.uk with me, when the seller still wanted to buy) or to know not to deal with the fake bidder in the future.
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I think it's popped up before this though and I don't blame sedo for the false bidders, every auction has it's dreamers and people who bid and then can't raise the funds or have second thoughts.
So I don't blame them for that, however maybe there could come a time when asking for a deposit would guarantee or compensate the seller on any bid.
For example if you were bidding 10k on a name and were genuine, would leaving a £100 deposit really put you off?
of course the money would be returned if you were outbid etc.
So I don't blame them for that, however maybe there could come a time when asking for a deposit would guarantee or compensate the seller on any bid.
For example if you were bidding 10k on a name and were genuine, would leaving a £100 deposit really put you off?
of course the money would be returned if you were outbid etc.
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surely all bidders are registered at sedo, then the seller should be able to select if any, one of the other bidders (second highest of course 
) to broker a deal with, anon bidder36 for example - sedo can then contact them and enter the domain price neg process like normal?
this would benefit both parties - and surely cant be that hard to set up, i cant think of anything legal that would scupper this?
) to broker a deal with, anon bidder36 for example - sedo can then contact them and enter the domain price neg process like normal?this would benefit both parties - and surely cant be that hard to set up, i cant think of anything legal that would scupper this?
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Works the other way , what if one of these idiot bidders is against you in an auction?
I would not want to be paying more just because someone else thinks its amusing.
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It was one of the points I raised a few weeks / months ago the last time it came up. That facility where sellers take it to an auction must pee a lot of buyers off and a lot of buyers will probably find it amusing to wreck the auction.
I bet that accounts for a lot of it.
I bet that accounts for a lot of it.
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Where else would you find that scenario whereby a seller takes it to auction upon first bid? No where that i can think of, it's nothing but a 'last ditched' mechanism to squeeze a final bit of profit out of any other chance buyer.
I'd already asked Sedo for answers to questions this throws up here.
Shaun of Sedo said at the time he'd get back with the answer here.
It's no surprise that Sedo never did, and i doubt they ever will. I doubt the figures are anything like as difficult as they were made out to be, they seem to have no problem throwing up any other figures. Besides which, how can they evaluate the effectiveness of the scheme if they don't already analyse it?
I'd already asked Sedo for answers to questions this throws up here.
Shaun of Sedo said at the time he'd get back with the answer here.
It's no surprise that Sedo never did, and i doubt they ever will. I doubt the figures are anything like as difficult as they were made out to be, they seem to have no problem throwing up any other figures. Besides which, how can they evaluate the effectiveness of the scheme if they don't already analyse it?
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valid points
these are all valid points and if sedo is to evolve it needs to move with the times.......
Personally the easiest route is to pre authorisie a credit card for 10% of a pre set bid i.e. maybe at the reserve or when over £3000?.......non refundable deposit in the event of being successful no different to buying pre ordered domain names under landrush
I know the sedo higher level pre vetting only kicks in at over £10k bids and i am potentially against at a lower threshold as it is likely to put buyers off.....
So I recommend that when a member sets up an account with sedo they input a valid credit card or charge card. Then when a bid exceeds a pre-determined limit the card is pre authorised for 10%........in the event of the bidder winning he pays the full aomunt within 5 days or has his card charged with the 10% non refundable deposit
Think...when you goto a property auction you have to pay 10% on the day if you win and then complete within 28 days or similar
Lee
these are all valid points and if sedo is to evolve it needs to move with the times.......
Personally the easiest route is to pre authorisie a credit card for 10% of a pre set bid i.e. maybe at the reserve or when over £3000?.......non refundable deposit in the event of being successful no different to buying pre ordered domain names under landrush
I know the sedo higher level pre vetting only kicks in at over £10k bids and i am potentially against at a lower threshold as it is likely to put buyers off.....
So I recommend that when a member sets up an account with sedo they input a valid credit card or charge card. Then when a bid exceeds a pre-determined limit the card is pre authorised for 10%........in the event of the bidder winning he pays the full aomunt within 5 days or has his card charged with the 10% non refundable deposit
Think...when you goto a property auction you have to pay 10% on the day if you win and then complete within 28 days or similar
Lee
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The easiest solution is to charge the seller $100 up front to start an auction from an offer (charge at the time the auction is initiated). That way, only the better names will get to become auctions, the list of running auctions will look a lot more "premium", more serious/larger buyers will be more willing to monitor the weeded-out auction list, higher prices will be achieved etc.
Stops people getting a $100 offer and tossing it over to the auction. For a $5,000 offer, they might be willing to take a $100 punt - but then if somebody's just offered $5,000 the name is much more likely to be decent (no guarantee, sometimes it will be one of those weird situations where you look at the sale and scratch your head that anyone should want the name at all)
That solves the "spurious time-wasting auctioning" problem.
A separate solution needs to be put in place to improve the buy side of the auction process, but that's a parallel discussion.
Stops people getting a $100 offer and tossing it over to the auction. For a $5,000 offer, they might be willing to take a $100 punt - but then if somebody's just offered $5,000 the name is much more likely to be decent (no guarantee, sometimes it will be one of those weird situations where you look at the sale and scratch your head that anyone should want the name at all)
That solves the "spurious time-wasting auctioning" problem.
A separate solution needs to be put in place to improve the buy side of the auction process, but that's a parallel discussion.
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