This is a very good thread. Thank you Cush.
I'm looking for a real auction site too. GoDaddy seems to be a bad idea because of commission rate + they make you wait long for the payment (this is something what I read and heard, is it true?).
And Sedo don't let me start an auction by myself. So you can wait for years till you get a bid or offer, whereas seeing an item in an ongoing auction would attract buyers more.
Ideally I'd like to have a reliable auction site where I can immediately start a one-week or one-month auction with a reserve price, and where I can be paid securely and fast. Please share more info regarding this issue. Thanks.