Christmas Comes Early at Sedo With $233,000 Sale - Much Bigger Deal About to Close?

I wonder if Afternic, Sedo, and the other domain auction venues listed along with Snapnames are just as sleazy. You remember Snapnames, right? They admitted to auction fraud in thousands of auctions for at least a four year period 2005 - 2009. Then they blamed one employee, Nelson Brady, for all of it. Yeah, right. IMHO you'd have to be brain dead to believe one dude was responsible for all the fraud. Well, Snapnames' auction "results" are listed as credible, right along with the rest of the auction players. I wonder if they all play be the same rules, or if some are really honest and don't screw you and I by pumping-up sales prices with shill bids.

I'm not sure if I can believe the auction results listed at dnjournal.com, especially if dnjournal has a cozy relationship with Snapnames.

Good afternoon,
I'd be interested in hearing a detailed response to the specific Snapnames concern / inquiry ... and knowing if perhaps there are plans for the year ahead to place an additional layer of "reported sales" verifiability with regard to some of the mentioned venues reporting, IMHO. :gl:

Kind regards, and Merry Christmas! :santa:
-Jeff

My experience with DNJournal is that Ron goes the extra mile to verify and authenicate sales.

The details of the Snapnames 'scandal' will play out at some point in the future...just have to wait and see. Until then its speculation and heresay.

You can be sure that bidders on Snap auctions are comparing notes...Snapnames would be foolish, make that downright stupid to pull any hijinx at this juncture.

Nice sales
Labyrinth.com attracted $9,500
HTML5.com bringing $5,500

At this point, unfortunately, it is difficult to know who or what to trust. To me, the domain industry more closely resembles the coin collectors industry where industry insiders manipulate buy/sell figures to suit their objectives, as opposed to the real estate industry where almost all transactions are documented and trustworthy (because there are legal requirements). But it is what it is, and we all have to work with what is available.

Billidn said:

My experience with DNJournal is that Ron goes the extra mile to verify and authenicate sales.

The details of the Snapnames 'scandal' will play out at some point in the future...just have to wait and see. Until then its speculation and heresay.

You can be sure that bidders on Snap auctions are comparing notes...Snapnames would be foolish, make that downright stupid to pull any hijinx at this juncture.

Click to expand...

Ron was going the "extra mile" while Snapnames was perpetrating fraud and reporting fraudulent sales to dnjournal. Ron published those results as though they were credible.

Are you serious when you say "... it's speculation and heresay."? You're joking, right? Snapnames admitted to shill-bidding in thousands of domain auctions between 2005 and 2009. You call that "speculation?" Have another hit off of the crack pipe.

You say, "Snapnames would be foolish, make that downright stupid to pull any hijinx at this juncture." Why would you think they'd be "foolish?" You still trust them, right? Even though they admitted to lots of fraud, you still trust them, right? "Foolish" is when an admitted fraudster's auction results are published as "credible." That's foolish. That's dnjournal. I have no vendetta, no axe to grind. The facts are the facts, plain and simple.

Happy holidays everyone,

To me, high priced domaining is still like the wild west frontier of the US in the 1800's.

Freedom and opportunity? Yes, plenty.

Card cheats, hookers, thieves, and crooks? Yes, plenty of those too, unfortunately.

I don't blame the saloon owner for the riff raff that walks in. A saloon is a business after all. However, if the cheat is a saloon employee then that's a different story.

I do thank Ron for his posts here; they help a guy like me who is out on the edge of town to keep up somewhat with that is going on in the saloons.