Sedo Bid received. Auction or not.

[Charley]

I recieved a bid for a domain name. I am wondering how long will it be if I sent it to the auction i.e. 5 or 7 days !

I want the auction to end on Saturday or Sunday [ preferably ], so should I sent it now or wait till this Saturday/Sunday?

Suggestions appreciated soon.

 

[ginge133]

I think (but im not 100% sure) that the auction ends 7 days after the bid was received so the auction would last 7 days minus how long it took you to respond,

I think thats how they did it with mine.

 

[Keynes]

I think (but im not 100% sure) that the auction ends 7 days after the bid was received so the auction would last 7 days minus how long it took you to respond,

I believe that is correct.

 

[TheBulldog]

Agree on that....

Naturally, have to ask, what is the name? Would you be better off accepting the offer versus going to auction?

 

[Keynes]

Would you be better off accepting the offer versus going to auction?

That will almost never be the case because the offer price becomes the initial reserve in an auction.

 

[IAmAllanShore]

That will almost never be the case because the offer price becomes the initial reserve in an auction.

So long as the offerer doesn't back out because of the somewhat counter-intuitive system that locks a bidder into a bid for a week where a negotiation became public. Many discussions on the validity of this point, but I just bring it up as a reminder that auctions are a waste if the offer is something you would otherwise being willing to accept sans auction.

-Allan

 

[Charley]

But I am getting a really nice offer.

that auctions are a waste if the offer is something you would otherwise being willing to accept sans auction.

This means I should send it for auction on Sunday so that it ends next Sunday.

I think (but im not 100% sure) that the auction ends 7 days after the bid was received so the auction would last 7 days minus how long it took you to respond,

Thanks for the confirmation.

I believe that is correct.

So long as the offerer doesn't back out

Offerer = Bidder / Seller [myself] ?

 

[IAmAllanShore]

Offerer = Bidder / Seller [myself] ?

Bidder. (The one making the offer that you can accept/reject.)

-Allan

 

[Name Trader]

Many discussions on the validity of this point, but I just bring it up as a reminder that auctions are a waste if the offer is something you would otherwise being willing to accept sans auction.

Agree. I've alienated several buyers who backed out of the deal when I put it to auction and they won.

 

[randomo]

I have taken several domains to auctions at Sedo (after getting offers out of the blue), and I've never gotten more than the original offer price. Meanwhile, there is a substantial risk that the person will lose interest when they have to wait for a week.

If it's a "really nice offer," I say grab it now!

 

[GreenGambler]

I agree. .. Most people want what they want when they want it. They don't want to privatly offer to buy something then have it become a public bidding war.. I know Ide back out, especially if it were just a catchy or generic DN.

 

[Sameh]

I think if you set "asking price" for your domain before you had this bid .. so this asking price will be your reserve price if you send it to auction ..

About this 7days auction thing , as ginge133 said .. once you had this bid so 7days begins whatever you started your auction or not .. and still can send it to auction even in last 30 mins of this 7days period

 

[Charley]

Right !

But sending to an auction will fetch higher value i.e. 1 week.

Meanwhile, there is a substantial risk that the person will lose interest when they have to wait for a week.

 

[IAmAllanShore]

Right !

But sending to an auction will fetch higher value i.e. 1 week.

It might or it might not... If it was zong.mobi with a $3,900 big (Just for example ), then sending it to auction would be foolish, :imho:

If it was ths.com with a bid of $800, then an auction wouldn't be bad for the value (May be bad for business, however.).

-Allan

 

[Ronald Regging]

So long as the offerer doesn't back out because of the somewhat counter-intuitive system that locks a bidder into a bid for a week where a negotiation became public. Many discussions on the validity of this point, but I just bring it up as a reminder that auctions are a waste if the offer is something you would otherwise being willing to accept sans auction.

-Allan

I agree with this Allan. Not a big fan of the way it's conducted personally. I received an offer for a domain before which I felt was adequate, so instead of sending it to auction, I decided to just give the buyer a break and accept their offer. But, as fate would have it, they still never paid

 

[Brujah]

Same. Received a good offer and accepted without sending it to auction. Buyer never paid. I probably won't bother doing that again. I'll just send them all to auction, regardless. Not enough reliable buyers at Sedo.

 

[Web Master]

In most cases, you'll see only 1 bid for your domain in Sedo auction, if your domain is not a super one.

Counter back with a wider profit margin if you know it in your domain.

 

[Charley]

Doesn't Sedo do anything about it ?

Buyer never paid.

But, as fate would have it, they still never paid

 

[Ronald Regging]

Doesn't Sedo do anything about it ?

Sedo takes the same approach that most other auction sites take... they ignore it completely.

 

[IAmAllanShore]

Doesn't Sedo do anything about it ?

Yes, they send 3 goons to the guy's house to break his kneecaps and cut of a finger an hour using bolt cutters until he coughs up the money...

No, of course not.

What would you have them do? They can't force a guy to pay. What they should do is close the account of folks that don't follow through, but I'm not sure if they do or do not.

-Allan