.tv Auction Reserves - WHY?

[GoneWalkabout]

Onec again we see a large number of .TV names (22) for sale at SEDO in their great domains sale:

https://www.sedo.co.uk/search/searc...guage=e&keyword=&cc=tv&category_type=all&cat=

Once again we see that almost all have high reserves on them.

In fact, only one name in this particular auction does not has a reserve price.

I am the only to think that reserves only stifle bidding, not encourage it?

 

[Alex P]

If you want a minimum price for a domain then a reserve is needed, but your right it doesn't really encourage it its more for the seller befit than the buyers.

 

[Vito]

I don't know about that theory of low start/no reserve.

They always say start the auction low and w/no reserve, and it willl get more people involved, and become more emotional and bidders will believe its theirs, which will create a sense of entitlement, and will push them to bidding more.

I think that when you have a budget, like most have, they have a max price, and will barely go over that max price.

Having a Reserve Price sucks as a bidder, but is a nice little security blanket for a seller, which is needed if the Auction is not marketed well, or ends at a bad time. And I do believe Sedo is VERY very picky about high reserves, so hopefully, they have done a good enough job establishing some realistic reserve prices.

Whether the auction starts at $1.00, or $1000.00 I usually know what my max bid is on a domain, so If I encounter a reserve above my max bid, well then I'm out. So far that hasn't happened though.

One more point to be made on reserves...

You and I should know this better than most everyone else here.

Within the past coupla months, we have both had an awful lot names selling at Sedo. We were anticipating very very high sales so we both started a bunch of ours at the minimums without reserves. Well, for me, that didn't work so well on a few of mine. Others, Yes fine, but as Products are hot one day, then Geo's are Hot another, then Brandables the next day, etc. we have to really protect ourselves and not just go ape-shit, letting each and every domain go with no reserve pricing.

When I created that parallel auction to the big one, If I had to do it over again, I would have thrown reserves on at least half of them. Ya cant get them back if they sell for too low.
I really miss my Dildos - Damn You Claude! :lol: Just Kidding - I made money, I just wanted more.
my 2 cents.

 

[Len]

I have one in there..... Sedo actually contacted me out of the blue about putting it in and they also suggested the reserve.

I was gob-smacked that they contacted me!!

 

[domainacrobat]

Not everyone is interested in selling at "fair market value" some people actually have a price ppoint set in their minds. It is the perogative of each individual to sell their names in accordance with their own value system, need for cash and own personal goals. Not everyone cares about the growth and well being of the tld or any tld for that matter. Most peopl care about the bottom line, profit or loss. If you bought a name in the after market for $XXX $XXXX or even $XXXXX it may behoove you to set a reserve in order to keep from loosing money. Me on the other hand I don't really care, I sell no reserve and have never sold a .tv for more than $1250, I prefer to keep turnover high and let the market decide.

 

[DU]

I think a lot of people want to sell their .TV at the perceived "future" market value. The hind-sight / fore-sight argument. I want to sell this domain now for what it will be worth tomorrow including my own speculative belief that the rate of appreciation will be 200 x rate of inflation. I certainly don't want to see sales 1 year from now that are much better - or god forbid, the same domain at 20 x value.

There is also the hope that an end-user will stumble along to the auction (or be tipped off if it's a good enough name) and buy at end user negotiated prices only without the.. er.. negotiation piece.

It comes down to a simple evaluation of economics. I can either sell this now maybe taking a loss (and lets face it, a lot of these domains WERE reg fee and nearly all < 1K) or I can test the water and take no loss by putting a high reserve. Imho a 0 bid auction tells you nothing except the reserve was higher than anyone who looked that week was going to bid.

I believe if there was a charge levied for listing we'd see a lot less auctions, a lot higher quality and a lot MORE competition. In the long run the good domains will sell with reserve. The bad ones won't with a reserve. Its really the middle meaty market that gets messed around.

All my opinion. This is not in anyway saying that your .TV won't be worth 200 x what it is now in 1-2 years, 4-5 years, never. it's just stating the obvious: the buyers market you are selling in dictates the price of the domain.

If you want to sell. Remove the reserves.

I'm not into the whole "we're in it for the tld argument".. so I don't think anyone gets hurt not making sales. It could arguably look bad for your own names though if they don't get any bids ... interms of future negotiations... but an interested party isn't going to care.

Each to his own. Bit of overanalysis perhaps? The number of people interested in a $1K+ .TV domain is small - especially without the sell job. It is the sell job that sells the VALUE. There is value there it just needs to be polished and showed off to be understood sometimes

I do love the .TV domain, btw and think it's still undersold/appreciated.

 

[garptrader]

While I agree low reserves encourage more initial bidding activity, most domain auction participants are domainers who place rather strict limits on what they are willing to pay for any particular domain. Thus IMO a no-reserve auction is risky for a seller unless you have an auction which has been widely promoted and which will attract some of the heavy hitters in the industry.

 

[equity78]

I think the quality of name matters. Secondly people always make assumptions in this industry with no real personal knowledge of the seller.

This is a domainer event as all SEDO auctions are, why would anyone start an LL.tv at $60 so another domainer can get lucky and get a bargain? Especially this auction with the World Cup going on at the same time, people might get pre occupied not bid, wager domain money on a football match etc... I see no value in the SEDO auctions I have never submitted one and when SEDO has asked like Len got asked for this one I have respectfully declined.

Who is following this auction ? The same people who are here on Namepros,Allthings.tv and Everything.tv. End users are not following this auction.

Again for those who have names in there I hope they all make sales, I certainly understand why they have reserves. If the name is average then maybe the no reserve makes sense. But as I have seen what is average to one person means premium to another person. Look at your sale Jimbo, a lot of the people who congratulated you also threw in, " I would not have paid $100 for this name etc..." So if you submitted to auction last month before finding an end user you would have sold for $60 - SEDO $50 for a whopping $10. I sold a name for $2500 last month that most who commented on everything.tv said they would have never regged. When I caught the name I already knew who I was going to sell the name to, the only question was for how much. You need to know why you are regging, what you want done with the name, and who the potential buyers are. You should send to auction with the price you want in mind, not maybe I will get lucky. Again IMO

 

[snoop]

Onec again we see a large number of .TV names (22) for sale at SEDO in their great domains sale:

https://www.sedo.co.uk/search/searc...guage=e&keyword=&cc=tv&category_type=all&cat=

Once again we see that almost all have high reserves on them.

In fact, only one name in this particular auction does not has a reserve price.

I am the only to think that reserves only stifle bidding, not encourage it?

If the name is high quality it needs reserve in my view, unless you want to risk it selling for less than you are happy with, which is extremely likely on Sedo at the moment. I think auctions usually achieve "market value" but Sedo has some issues with lack of promotion right now in my view.

 

[Makis.TV]

I don't have any problem with reserves high or low, I do have problems in stupid bidding until someone reaches reserve price.
All auction with a reserve should start bidding at that price and higher.

 

[snoop]

I don't have any problem with reserves high or low, I do have problems in stupid bidding until someone reaches reserve price.
All auction with a reserve should start bidding at that price and higher.

Agree, there is no reason to allow bidding under the stated reserve range. It just looks bad, especially the lone $9999 etc bids that are seen on Sedo below reserve.

 

[mwzd]

I wouldn't bid on any of these domains with this warning: "Renewal rates for .tv domains vary. Check with an approved .tv registrar to confirm rates."

Why should it be "buyer beware", couldn't they have mentioned renewals for each domain? How tough is that?

I like a couple of names, but this notice makes me wary except for names registered post april 2010.

 

[donnied79]

I wouldn't bid on any of these domains with this warning: "Renewal rates for .tv domains vary. Check with an approved .tv registrar to confirm rates."

Why should it be "buyer beware", couldn't they have mentioned renewals for each domain? How tough is that?

I like a couple of names, but this notice makes me wary except for names registered post april 2010.

100% agree.
It's the reason why any seller should include the renewal rate in the domain description.

 

[mwzd]

Actually for premium auctions Sedo doesn't permit you to 'edit the description' before it goes to auction, or if there is a method to do that, its beyond me.

I have one in the Sedo Premium auction as well, couldn't edit description.

Maybe renewal fees should be included by all .tv-ers, just to ensure there is no confusion.

 

[donnied79]

Actually for premium auctions Sedo doesn't permit you to 'edit the description' before it goes to auction, or if there is a method to do that, its beyond me.

I have one in the Sedo Premium auction as well, couldn't edit description.

Maybe renewal fees should be included by all .tv-ers, just to ensure there is no confusion.

You can write to support and they'll insert the description.
I did it for ecommerce(.)tv

 

[Len]

Actually for premium auctions Sedo doesn't permit you to 'edit the description' before it goes to auction, or if there is a method to do that, its beyond me.

I have one in the Sedo Premium auction as well, couldn't edit description.

Maybe renewal fees should be included by all .tv-ers, just to ensure there is no confusion.

You can also temporarily change the description on one of you other domains that is not currently on auction to whatever you want the domain on auction to read. To do this you check the "Apply this decription to all my domains" then save the changes.

This will change the description on the domain on auction ( as well as all your other domains), not ideal but it works. You will just have to remember to change again after the domain is sold.