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

Originally Posted by mcahn

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.

This is comparable to saying "If you think our used cars are bad you should go two car lots down the street, Now those are some REAL CLUNKERS" Is this what your trying to sell to the Domaining Community Monte, or any Person or Business that would like to Use your Very Well Known Live Auction Service?

Originally Posted by mcahn

The agreement is pretty standard and covers and protects your interests as well as ours.

No where in that Contract do I read anything that comes accross as protecting My Interests or the Interest of any Seller for that matter, it only Reads to Me as Protecting the Interest of the Attorney that wrote up the Contract, but then again that's just Me, and evidently there are quite a few others that feel the same way about your contract. I've never used your services prior, but You have a Please sign this contract if you wish to Proceed any further clause on your front door and it certainly doesn't come accross as very welcoming.

Originally Posted by mcahn

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.

Usually when someone charges or expects a service percentage, the seller would actually get a service. Everyone is aware of your Auction Service, but what about Actual Customer Service Monte? No Consistency in your Customer Service if you read other posts other than Dag's Positive Experience with one of your Rep's.

Originally Posted by mcahn

and finally - we have NEVER taken advantage of our customers or this auction process that we brought to the entire industry.

this is your take, your contract however clearly doesn't come accross this way Monte.

Originally Posted by mcahn

it has proven that domains are assets, have a market, and it legitimized our industry one more level that was not here prior.

Even more reason for the Attorney's that write up Contracts such as these, to reach in and legally acquire a piece of it.

And Even more Reason for the Domaining Community and Abroad to Scrutinize any Contracts written up that come accross as outlandish and unrealistic.

If your comparing Domains to Real Estate, and yet there are plenty of Real Estate Agents that are equally Scruntinizing your terms of service do you think we all should be greatful of your Auction Service and just deal with the terms that go along with it?