Can no longer Trust the No-Reserve Auction

[JamesDavid]

I recently applied one of my 15 year old+ names to an online auction at one of the major auction houses.

I put a mere $4000 reserve on it, I have about $250 into the name after initial purchase and renewals since.....

They emailed me back accepting the name IF i removed the reserve entirely... The broker assured me that they get "alot more action" with the no reserves and it attracts more people...

Now 7 years ago I would have said "sure, no problem" but I had to pass. With the lack of money be exchanged in this industry it is too risky to put QUALITY names out there with no reserve no matter what venue..


Long story short this brokerage had there auction, about 60 names and not one single domain sold for more than a $1000.... if my time and focus were not tied up elsewhere I would have considered buying a few..

So the question is.... Would YOU trust your $5000+ domain at auction without a reserve?

 

[Trader]

Dude your story 7 years old, 3 years ago everything is chanceed.. New age started 3 years ago...

 

[lennco]

So the question is.... Would YOU trust your $5000+ domain at auction without a reserve?

NO!

They are great if you a buyer, but not great if you are a seller.

 

[Kate]

It is understandable that they want low or no reserves. If the reserve is too high you might not even get an opening bid.
On the other hand, the domain must sell at a price that makes you happy.

I probably wouldn't take a chance. Trust your instinct :gl:

 

[johname]

Your instinct should be that only reseller's eyes view these auction lists now days and they want to get your name around the $250 level you got in it.

 

[Makis.TV]

Is this about sedo?
If so then I suggest you avoid their no-reserve auctions, you wont get what you are looking for.