Question about auctions?

[amroawad]

Hi,

I have a question. I'm new in this industry but when I look at auctions here they also mention that they have listed their domainname at sedo.

But what happens if:
the reserve price at sedo is reached for instance 2k
&
someone here have offered 5k

In my opinion according the tos of sedo the seller has to sell it for 2k wright?

Please tell me more on this because then I have to take care when I list it on more then one auction.

 

[mis_chiff]

When it's listed elsewhere for sale/auction
it should be listed in the Domains for sale - External Auctions.
http://www.namepros.com/domains-for-sale-external-auctions/
you don't get bids in the thread - they go to Sedo to bid. Your just
informing where it's at.

I don't believe you can list it here for sale auction style and Sedo,
multi forum auctions are not permitted
http://www.namepros.com/domains-for-sale-auctions-announcements.html

Hope that helps

 

[amroawad]

but say they listed it here at make me an offer and they got offers here of 5k
and on sedo the reserve is met at 2k they have to sell for 2k wright?

 

[mis_chiff]

but say they listed it here at make me an offer and they got offers here of 5k
and on sedo the reserve is met at 2k they have to sell for 2k wright?

With "make me an offer" - your not obligated to accept
the amount being offered.
However, if you have it elsewhere
and the reserve is met - then yes, you'd have to honor it, as that is
what you agreed to before you listed it.

 

[amroawad]

Okey so that part I now understand. But about sedo.
I have noticed that when you list a domainname there the auction starts after the first bid wright?
And for instance I set my reserve price to 1k and I start the bidding at $1. I have read somewhere that you reserve price automatically is your starting bid. Is this true?
Can someone explain this to me more clear? How can you secure your minimum sale price?

 

[mis_chiff]

Okey so that part I now understand. But about sedo.
I have noticed that when you list a domainname there the auction starts after the first bid wright?
And for instance I set my reserve price to 1k and I start the bidding at $1. I have read somewhere that you reserve price automatically is your starting bid. Is this true?
Can someone explain this to me more clear? How can you secure your minimum sale price?

I'm not sure on the reserves being used as starting bids,
my starting bid is usually the minimum I'd sell it for.
Saves time.

 

[Len]

Okey so that part I now understand. But about sedo.
I have noticed that when you list a domainname there the auction starts after the first bid wright?
And for instance I set my reserve price to 1k and I start the bidding at $1. I have read somewhere that you reserve price automatically is your starting bid. Is this true?
Can someone explain this to me more clear? How can you secure your minimum sale price?

With sedo the reserve price is the price the domain will sell at if it is reached. Auctions with reserve prices can only be arranged through a sedo broker. These auctions can be started with any bid as low as $60 - up to the reserve, whatever that may be. If it does not achieve the reserve price it will not be sold to the highest bidder.