Please explain this mystery to me

[binaryman]

Hi
Here is something I cannot fathom.
I will give this one example to illustrate my question. This is however not an isolated case.
I was looking at the SEDO site and in particular at the "under $300" bargain bin.
There is the domain freelove.us domain for sale at $100 It has received 19 offers. Now what I dont understand is this-How can the domain still not be sold after having had 19 offers? I mean surely one of those 19 offers must have been close to $100? I cannot imagine that the highest offer out of those 19 was still too far below $100 for the owner . This is only one example. There are some .com domains there selling for $75 and they have had up to 57 offers. Come on! what gives here? I would appreciate it very much if someone can explain this to me. Maybe there is a thought behind here which I miss.
Thank you very much and I,m looking forward to having this mystery solved.
Regards
Fred

 

[Razvan]

When you list a domain for sale at SEDO, or even anywhere else, you can put the price and a minimum offer, .. in that case the price was 100$ and the minimum offer probably was more ..

 

[binaryman]

Quote"when you list a domain for sale at SEDO, or even anywhere else, you can put the price and a minimum offer, .. in that case the price was 100$ and the minimum offer probably was more "Unquote

But that makes even less sense- The price that the seller expects is $100. He did not use the "Make Offer" option.
Anyway how does it make sense if the minimum offer was more then the price asked?

 

[Gene]

It's no great mystery. People list their domains cheap just to attract attention to it and hope for a bidding war. Or, they list it cheap just to generate traffic to their site. They are not obligated to sell at the listed price. It's just a starting point. Deceptive? Yes. But it's the way it works.

 

[binaryman]

Thanks Gene- Yeah I get the picture now.

 

[theSun]

Easy. There is sedo transaction fee. If you sold for $100. You only get $40. So the seller might not want to sell it at $40.

 

[legend2]

tekz, thats $60 if the dns is not set to sedo. usually it's more like 5% or so (not sure about the figure)