Sedo auctions are now LIVE.

[-db-]

A quick visit to Sedo this morning shows the homepage has been rearranged, and the auction listings are now LIVE.

www.Sedo.com

A few of the top names....

Nerd.com - Has 11 bids so far, currently at $12,500

Pottery.com - Has 17 bids so far, currently at $8,100

Tractors.com - Has 14 bids so far, currently at $7,600

 

[estibot.com]

A very smart move by Sedo indeed. Benefits both Sedo and the seller. Now I gotta just wait for that 1st offer....

 

[Damion]

There are some glitches though:

http://img104.imageshack.us/img104/8996/sedogk0.jpg

The page content is tangled up.

Plus i am wondering if you can put up a domain for auction with a reserve price?

Since as i understand as of now it is set up so that when your domain has have received a bid that meets the sellers expectation thus your asking price you can enter the domain into auction.

I don't think it will be possible to enter a reserve price then.

I mean would that not be unfair to the buyer?
The buyer thinks he get's the domain since he is offering the asking price and then the domain is being forwarded to auction :o

That can be quite frustrating for the buyer.

Plus if one wants his domain to be entered into auction as quickly as possible you need to make your asking price as low as possible.
And if you can't enter a reserve then the whole set up is flawed.

I have a feeling the implementation is not well thought out even though lot's of feedback have been given.

Maybe i am wrong here but that's my perception as of now.

 

[VURG]

Thanks for the info.

 

[estibot.com]

Plus if one wants his domain to be entered into auction as quickly as possible you need to make your asking price as low as possible.

Does that mean you have to set a price? If your domain is "make offer", will it not be eligible for an auction?

 

[Datalife]

I think thats a good move by Sedo, now things may just heat up, very encouraging and sure to bring more visitors.

I just might get some good serious offers...

 

[Don]

:o

Definitely a nice move by sedo.

This might get interesting.

 

[Damion]

That is correct Josh.

Sellers will have the option to push their domains to auction once their price expectations have been met through our traditional offer/counter-offer system. Auctions run for a maximum of one week, closing seven days after the original offer was accepted as the reserve. For premium domains, sellers have the opportunity to work with a Sedo broker to determine a reserve and list the domain for auction.

As you can see in bold when the price expectation has been met so you need to set a minimum asking price for your domain.
If you set a "high" asking price your domain will less likely end up in auction.

So you need to lower your asking price.
It would be non logical to at that point enter a reserve that is higher then the innitial asking price.

That is frustrating an dishonest towards the buyer.

I mean picture yourself bidding on a domain?

You see a nice domain listed for $500 and you decide to pay the minimum asking price and then all of a sudden the domain is placed into auction...

If a reserve is to be allowed...

You will be confronted with this as a buyer and you would think what happend here? I was willing to pay the asking price and now i have to pay more because a reserve price has been set that is higher then the asking price i was willing to pay.

As a seller you will be cutting yourself short because you need to lower your pricing to get your domain into auction and since above is a rude and dishonest thing to do to your customer it's more likely we won't get the option to set a reserve thus cutting our self short if the domain does not result in more interest from other buyers bidding against each other.

The whole price expectation implementation is flawed for both sides on the domain deal.

-The buyer is being confronted with a unpleasant surprise and feeling cheated.
-The seller is cutting himself short because he/she needs to lower his price expectations to even get into the auction with the risk of low interest or non interest from other potential buyers and then in the end selling the domain for a price not matching the real expectations of the seller.

That's how i understand it and frankly i am quite dissapointed with this.

 

[Easydoms]

I think all that use this service need to make sure that they read and fully understand all the terms and conditions of the auction service.

I agree that this service may start to heat things up for all, and it may also start to make people think twice about asking stupid prices for domains.

As always make sure you all fully understand how the auction service works.

HAPPY BIDDING!!!!!!!!

 

[Halobitt]

reise-shop.com has 2days 18 hours to go.
Is this the first ever Sedo auction?
It would be cool to say that you had the first.

 

[Heman maximus]

Great move by Sedo...

 

[Volholic]

I am trying to understand this
So you cannot just list a DN for sale
I looked under auction names and it has a few names listed that do not have any bids yet----How does this happen if you have to get an offer before it goes to auction
Just trying to understand this

 

[gazzip]

Nice to see the auction is up and running but hopefully it is not just a service aimed at those that have premium domains.

I mean would that not be unfair to the buyer?

The buyer thinks he get's the domain since he is offering the asking price and then the domain is being forwarded to auction :o

That can be quite frustrating for the buyer.
.

I noticed this too and to be prefectly honest if I was the buyer and came to an agreement on a price with the seller ... and then they put it up for auction I would bail out of the deal for sure....no hesitation !

Yes it may be a "binding agreement" but it appears sedo does not hold anyone to it from what I have heard.

Seems like a very strange set up - Thats if I understand it correctly ??

I also received a low offer less than 5 days ago - I do not see anywhere in my negotiation panel when I could enter it up for auction (if I wanted too)

there is also an new link in there that says -

Bidding history for this domain

When clicked this shows negotiation history + amount of views / Click through rate & Parking revenue.

I really hope this information is only visible to the seller and NOT the person making an offer !!

I don't see anywhere that explains it so I don't know ?

All in all - A sedo auction is a great move but its too early to tell whether it is going to be very practical or beneficial.

early days
.

 

[Damion]

With current implementation i can already tell that i don't like it and it's not benificial to us sellers.
Granted if you have a premium domain like Tractors.com then it's a good way for selling your domain since you have a reserve in place that is to your liking.

But with current implementation it's not benificial for me as a seller since the minimum asking price is also going to be the reserve price being set for the domain.

The product development team for Sedo's marketplace has failed to create a mutual benificial environment for both seller and buyer in my opinion.

I am now forced to set very low reserves otherwise i can't even get my domain into auction :td:

Very dissapointing *Shaking my head*

 

[gazzip]

Very dissapointing *Shaking my head*

Me too from what I am aware of.

It does seem wide open to abuse and could just end up as an extra free showcase area for the premium domains.

ie: if the owner of Blue.com (or Tractors.com) does'nt set a minimum limit on his domain - then everytime he gets a $60 dollar offer his name goes off to auction and is listed on the front page of sedo for 7 days - Even though his reserve will be a fair amount over the $500,000 he paid for it.

It would obviously get loads of low x,xxx bids so it will stay in the Auction area on the hompage for the duration of the auction, hence.....Just free extra exposure for the primo names !

All the lower quality names that "need" the extra exposure/promotion will not get a look in JMO

I truly hope I am completely wrong about this "assumption" on my part, I don't have enough information about how their system works to know otherwise, time will tell :hehe:


.

 

[estibot.com]

Good points Damion. Time will tell whether indeed this was a good move or not.
I think I'll keep my domains "make offer" for now.

Gazzip, the way I understand it, premium domain owners can list their domains on auction whenever they want regardless of bids, and set a reserve agreed upon with SEDO.

 

[equity78]

Well I believe they did this with only premium names in mind I think you can have Sedo decide if your name is a premium and start an auction without an offer.

Damion you bring up some good points but the buyer was always at a disadvantage on SEDO I offered the asking price on a domain it was fixed price $500 I bid $500 he countered at $10,000 I said to SEDO his price was $500 SEDO told me he does not have to accept your $500 he can counter.

 

[NP41215]

I don't understand why Sedo did not implement a subset of the features of eBay.

Well, I am disappointed. I plan on using eBay auction instead beginning sometime in December.

 

[gazzip]

I offered the asking price on a domain it was fixed price $500 I bid $500 he countered at $10,000 I said to SEDO his price was $500 SEDO told me he does not have to accept your $500 he can counter.

I did'nt think that was allowed - I thought that was the whole point of having a fixed price ??

Guess not eh !



.

 

[yumi]

I offered the asking price on a domain it was fixed price $500 I bid $500 he countered at $10,000 I said to SEDO his price was $500 SEDO told me he does not have to accept your $500 he can counter.

I did'nt think that was allowed - I thought that was the whole point of having a fixed price ??

Guess not eh !



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At Sedo,"Asking Price" isn't "Buy It Now"!