How have Sedo Auctions been working for you?

[markfromslo]

I'm curious to hear the experiences of people who have let their domain names go to Auction at Sedo's new auction feature. Anyone get their names into a bidding war? Is it just a waste of time? Do people generally wait until the last hour to bid?

I've got three names there right now and so I'm curious of what to expect.

Thanks for your input!

Advice: One thing I did learn is that you need to make sure that you get your description just the way you want it before sending the name to auction. Once there, you cannot edit it. I don't know if the same applies to the parked page elements or not.

 

[AdoptableDomains]

I've had several offers sent to auction. Unfortunately, only one of them had a second bid. From my experience, I wouldn't count on getting a second bid. The way I'm looking at it is that the offer I got I might have accepted anyway. Sending to auction is just a way to see if I can get a little more than my bare minimum.

So far, I don't see all that much traffic looking at the auctions from an end user prospective. The most promising thing at this point is that a bidder will have to think twice if they really want a domain about the possibility of making a good deal or chancing that it go to auction and and they get outbid. I think it may have resulted in a little better first and second offers.

 

[ripley]

I've had one domain go to Sedo auction so far, and it did get bid up a bit (4 total bids that upped the price from $100 euro to $130 euro).

But ........ so far, no payment. It's been nearly 3 weeks at this point since the auction closed. I think, if I'm remembering correctly, other people have had this same issue with Sedo auctions. So I'm wondering if there might be some increased buyer remorse associated with emotional/opportunistic upbidding -- i.e. someone saw it on the homepage, thought hey that's a good domain... then when they won it, had second thoughts. Just a guess.

ripley.

 

[markfromslo]

...The most promising thing at this point is that a bidder will have to think twice if they really want a domain about the possibility of making a good deal or chancing that it go to auction and and they get outbid. I think it may have resulted in a little better first and second offers.

That works for people like us who understand what's going on with auctions. But I would wager that 99.9% of the bidders have no idea that a low id can result in an auction being started.

Sedo should put a warning on the bidding page that says "Warning: placing a bid below the sellers asking price may result in this name going to a public auction if the seller choices to do so."

I think that would be a really good idea, and would help raise bid prices.

I've had one domain go to Sedo auction so far, and it did get bid up a bit (4 total bids that upped the price from $100 euro to $130 euro).

But ........ so far, no payment. It's been nearly 3 weeks at this point since the auction closed. I think, if I'm remembering correctly, other people have had this same issue with Sedo auctions. So I'm wondering if there might be some increased buyer remorse associated with emotional/opportunistic upbidding -- i.e. someone saw it on the homepage, thought hey that's a good domain... then when they won it, had second thoughts. Just a guess.

ripley.

That really sucked. I sure hope that Sedo does IP bans, not just email or username bans.

 

[Mr Tickle]

Premium Domains

Have any of you sold (single word) maiden names .com or know of recent sales???

What would www.jessica.com for instance, go for? And how would this compare to: jessica.biz ?

Cheers

Mr Tickle