NamePros.Com - View Single Post - Moniker auction terms Outrageous

Just a reminder folks - if any of you have ever auctioned anything through Christie's or Sotheby's, then you would fall off your chair if you think our agreement is that bad. The agreement is pretty standard and covers and protects your interests as well as ours. think of this as a real-estate sale and then this agreement will not look so bad. Exclusivity is common and accepted if we are going to draw thousands of live and online bidders at each of these events. Non Circumvent agreements are also standard so that no buyer goes directly to a seller when we introduced those parties through our efforts - again standard protection...and if you get a sale as a result of our efforts either this year or next, what is the real issue here if we were responsible in any way for that transaction. Auto renewal is also standard on just about anything you sign these days, but we do allow you to strike that clause if you do not want us to keep marketing and selling your domains.

now with more ways to market and sell your domains than any other organization - live, silent, extended, online, snapnames, marketplace, private, and direct corporate domain sales efforts, i would say your best bet is to work with the process. Obviously names have to be good, desirable and reserves set properly to get best results so please work with your Sr. Account Execs here and you should be good to go.

Also - regarding auction processing, it does take time when you deal with multiple buyers and sellers of names, epp codes, and many different registrars. From now on, we are gong to basically require that seller names be transferred to Moniker if they are selected for auction - this will speed up processing by weeks once funds are received in escrow. Snapnames did this at their last auction and it worked well.

regarding commissions, Christies and sotheby's charge 35%. Our commissions will be moving up to 20% very soon as we will be offering more channels to sell domains through our network. This is the same percentage we already charge for our private sales.

submission process will soon be more automated with status of your submission, acceptance verifications and what auction accepted to.

and finally - we have NEVER taken advantage of our customers or this auction process that we brought to the entire industry. although its not been perfect, it has proven that domains are assets, have a market, and it legitimized our industry one more level that was not here prior. Ever sale we make and now that any other auction makes as a result of our creation of the live domain auciton, helps all of you regardless if you participate in our auctions or not. Your assets are growing in value as a result of our efforts....so becare what you are knocking.

we are improving the process and will continue to do so through customer feedback and results.

Thank you for your support.

03-31-2008, 10:49 AM	· #90
mcahn NamePros Member Name: Monte Cahn Location: Lauderdale By The Sea, FL Trader Rating: (0) Join Date: Nov 2003 Posts: 139 NP$: 225.00 (Donate)	Just a reminder folks - if any of you have ever auctioned anything through Christie's or Sotheby's, then you would fall off your chair if you think our agreement is that bad. The agreement is pretty standard and covers and protects your interests as well as ours. think of this as a real-estate sale and then this agreement will not look so bad. Exclusivity is common and accepted if we are going to draw thousands of live and online bidders at each of these events. Non Circumvent agreements are also standard so that no buyer goes directly to a seller when we introduced those parties through our efforts - again standard protection...and if you get a sale as a result of our efforts either this year or next, what is the real issue here if we were responsible in any way for that transaction. Auto renewal is also standard on just about anything you sign these days, but we do allow you to strike that clause if you do not want us to keep marketing and selling your domains. now with more ways to market and sell your domains than any other organization - live, silent, extended, online, snapnames, marketplace, private, and direct corporate domain sales efforts, i would say your best bet is to work with the process. Obviously names have to be good, desirable and reserves set properly to get best results so please work with your Sr. Account Execs here and you should be good to go. Also - regarding auction processing, it does take time when you deal with multiple buyers and sellers of names, epp codes, and many different registrars. From now on, we are gong to basically require that seller names be transferred to Moniker if they are selected for auction - this will speed up processing by weeks once funds are received in escrow. Snapnames did this at their last auction and it worked well. regarding commissions, Christies and sotheby's charge 35%. Our commissions will be moving up to 20% very soon as we will be offering more channels to sell domains through our network. This is the same percentage we already charge for our private sales. submission process will soon be more automated with status of your submission, acceptance verifications and what auction accepted to. and finally - we have NEVER taken advantage of our customers or this auction process that we brought to the entire industry. although its not been perfect, it has proven that domains are assets, have a market, and it legitimized our industry one more level that was not here prior. Ever sale we make and now that any other auction makes as a result of our creation of the live domain auciton, helps all of you regardless if you participate in our auctions or not. Your assets are growing in value as a result of our efforts....so becare what you are knocking. we are improving the process and will continue to do so through customer feedback and results. Thank you for your support. Please register or log-in into NamePros to hide ads __________________ Monte Cahn Founder/President - Moniker.com & SnapNames.com Monte@Moniker.com O - 954-984-8445