advice Domain sold at both Afternic and Sedo.

[medomain]

What do I do in this case? A domain is sold on auction at Sedo and BIN at Afternic. The afternic sale is two times more than sedo. Any suggestion what to do now?

 

[Michael Ehrhardt]

If you take the cash on Afternic , I hope Sedo will ban you ️

You have a contract with Sedo

@Sedo

 

[karmaco]

If you take the cash on Afternic , I hope Sedo will ban you ️

You have a contract with Sedo

@Sedo

So the binding legal agreement at Afternic is less meaningful? The guy made a serious mistake but no venue deserves it more than the other.

 

[karmaco]

The correct answer from my opinion is if the Afternic buyer purchased before the completion of the auction that happened first. The Op made a serious mistake but if a receipt of money at Afternic happened first I would honor that and pay the penalty at Sedo.

Based on the timing it seems likely someone bidding in that auction saw the buy it now and really wanted that domain.

Not buying this Sedo auction takes presidence over a buy it now that happens before it ends. An auction could end with a non paying bidder. Nothing is set in stone until money is received.
The OP put both platforms in a bad spot.

 

[Michael Ehrhardt]

Wr

So the binding legal agreement at Afternic is less meaningful? The guy made a serious mistake but no venue deserves it more than the other.

wrong
When the auction started the domain should be deleted

 

[poweredbyme]

Wr

wrong
When the auction started the domain should be deleted

It doesn't change anything for the buyer at Afternic. He has the same legal rights with the buyer at Sedo. Both of them made payment for the same domain

This is a complicated situation. Both of buyers are entitled to own that domain

This is like a puzzle.

IMHO the fair solution should be like this: the buyer at Afternic should be the owner of the domain as he paid more. But the seller shouldn't take advantage of the higher price as the rights of the buyer at Sedo should be compensated. Seller should receive the money from afternic and should pay the difference to the buyer at sedo.

What do you think guys?

 

[Michael Ehrhardt]

It doesn't change anything for the buyer at Afternic. He has the same legal rights with the buyer at Sedo. Both of them made payment for the same domain

This is a complicated situation. Both of buyers are entitled to own that domain

This is like a puzzle.

IMHO the fair solution should be like this: the buyer at Afternic should be the owner of the domain as he paid more. But the seller shouldn't take advantage of the higher price as the rights of the buyer at Sedo should be compensated. Seller should receive the money from the afternic and should pay the difference to the buyer at sedo.

What do you think guys?

Logic
The auction started before the BIN at Afternic
First come....

 

[poweredbyme]

Logic
The auction started before the BIN at Afternic
First come....

Only the seller knew who was the first. Buyer at Afternic was not aware of it, perhaps he/she still doesn't know anything.
Another detail is that the actual payment date matters, not the auction start-end times. Seller is the sole owner until buyer made payment. You may argue there is an auction contract that allows the auction winner to pay at a later date. However in the mean time, seller is still the sole owner. IMHO, if someone else makes payment before the first buyer, seller may choose that second buyer, while the ownership was not transferred to the first buyer for the (supposedly) delayed payment of the first buyer. Logically, this situation maybe considered as the expansion of the auction at a different market place as someone else in a different place paid more for the same domain while the ownership transfer was not completed.