Flippa's Showcase Auction

[RU]

Hi,

I've got a message from "Flippa" saying

We're looking to run a $1 Reserve Showcase Auction next month. Interested in being a part?

Submit your domains to see if they qualify.We're seeking domain names valued at > $1,000, with no limit on how many you submit. If accepted, you must agree to our terms that you are willing to sell to the highest bidder, no matter the bid. $1 start price, which means it could end at $1 - so if this concerns you, please do not submit.

There are no upfront costs, and the flat commission if sold is 15%.This will be a heavily marketed event; the date, time and method is TBD.

What do you think about this offer? To submit or not submit?

 

[goffee]

You have the answer in their content.. "you must agree to our terms that you are willing to sell to the highest bidder, no matter the bid. $1 start price, which means it could end at $1 - so if this concerns you, please do not submit."

My thought is not to submit..But if you want to get rid of some of average domains then you can have a try..

 

[platey]

Good point - it will attract domain name investors looking for domain names at bargain prices that they car flip for a quick profit possibly know flippa but if it is a showcase event it should attract quite a few bidders the only problem being if the bidders don't turn up just like any auction even the most valuable item at auction will only sell for big money if the right bidders are in the room

 

[FlippaDomains]

Hi everyone.

We are not proceeding with this $1 Reserve "Showcase" Auction. We did not receive the inventory needed to conduct a worthwhile auction for our sellers. This was understandable, given the considerable risk in launching with a $1 reserve.

We will have an announcement in our blog and newsletter this coming Monday that will highlight a revised Showcase auction we will be running. In short: it will be a No Reserve auction, which means you can submit your domains at the minimum price you will wish to retain (after 15% commission), and the first bid guarantees a sale. You do not need to submit with a $1 Reserve, though those submissions are welcome. For example, if you have an LLL .com and are looking for $30,000, you can submit that domain with a $30,000 reserve - and if it gets a bid, it is guaranteed to sell. All submissions are subject to approval.

Flippa will offer a pre-bidding process to gather buyer intent as well as to vet all interested buyers. More information to follow...

 

[FlippaDomains]

Hi everyone,

More updates. Please see

http://flippa.com/blog/domains-showcase
+
https://flippa.typeform.com/to/HC5wQt?