- Impact
- 3,206
All live auctions start at 1 NP$ and sellers are not allowed to bid on their own names. This occasionally results in names selling for less than the seller would liked to have their names sold for, and may cause sellers not to list premium names in the live auction.
My proprosed rule is called the "buyout clause",
A seller may opt not to sell the name to the winning bidder by paying them a fee equal to 30% of the final bid price.
Example: Seller Jim lists coolname.com in live auction. Buyer Ben wins it for 200 NP$ high bid. This is lower than Jim would want to sell for so he pays Ben 60 NP$ for the right to keep the name. Ben is happy, Jim is happy.
Vote now! :D
My proprosed rule is called the "buyout clause",
A seller may opt not to sell the name to the winning bidder by paying them a fee equal to 30% of the final bid price.
Example: Seller Jim lists coolname.com in live auction. Buyer Ben wins it for 200 NP$ high bid. This is lower than Jim would want to sell for so he pays Ben 60 NP$ for the right to keep the name. Ben is happy, Jim is happy.
Vote now! :D
