NameSilo

Round 2 for Tema.com buyer did not pay $128,938

Labeled as domains in Domain Industry News, started by equity78, May 18, 2020

Replies:
5
Views:
373

  1. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

    Posts:
    14,730
    Likes Received:
    16,815
    May 13 I wrote about Tema.com closing at $128,938 on DropCatch. The name is back on DropCatch so no one paid the first time. There just have to be better systems when you let people bid that high. Want to bid $50,000 send us a deposit, something these just get ridiculous, make the industry look bad and that whole binding agreement a complete joke. Former Swedish company … [Read more...]
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Vikram Jha

    Vikram Jha Established Member

    Posts:
    13
    Likes Received:
    15
    I had a sense that it is going to re auction but was little hesitant to ask their support team about it.
     
  3. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

    Posts:
    14,730
    Likes Received:
    16,815
    I just think you have to have payment mechanisms in place. A person should not have to bid tens of thousands of dollars against people who could not buy an Iced tea and just bid names up for fun. It's ridiculous. It's why you have to laugh at anyone in this business who posts on their site, "binding agreement" Complete joke and makes the business look like a joke. People are not at Sotheby's bidding $20 million on a painting and then being like whoopsie, I have no money.
     
  4. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

    Posts:
    14,730
    Likes Received:
    16,815
    Maybe @Rebies you belong here, you could let us know why your company allows this and does not have deposits from customers who wish to bid $20,000, $50,000, $100,000.
     
  5. DomainVP

    DomainVP Domain Expert VIP

    Posts:
    3,460
    Likes Received:
    12,601
    Had a feeling that wouldn't get completed.

    Business as usual for DropCatch.
     
  6. CraigD

    CraigD Established Member

    Posts:
    167
    Likes Received:
    174
    equity78, I couldn't agree more.

    I noticed that when fashion .com sold late last year, they pre-registered all bidders for a private auction, but ultimately the domain was sold privately before the auction went ahead.

    I have a couple of domains that I will likely auction in a similar manner this year.

    Does anyone here know of other platforms that provide a similar 'safer' service?
     
    Last edited: May 19, 2020

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...