There are two families with a pc and Internet in this building.
We put recently a domain on Sedo.
It came on to auction.
We explained to somebody how we do to make money from domain trading.
We showed how to earn from the parking and the affiliate program.
They then made an offer on our domain, from our pc.
Sedo cancelled the auction because of their policy that people nearby should not bid on our domains.
Result:
We are not happy because of the missed sale.
Our neighbor is not happy because of missed purchase.
Our neighbor has big questions about Us and about Sedo.
And Sedo missed the commission.
Conclusion:
Sedo owns Sedo.
It is their policies.
Customers agree to the policies.
We should not have allow people to bid on our domain to get it.
We will not do it again.
Eventually, who cares about who buys and pays for a domain?
If it is sold and Sedo cashes the commission, who cares?
And if the high bidder does not pay, who is to blame?
Not the seller!
There are many non-paying bidders.
Don't say it is not, because we had that ourself.
If challenged, we can post it down here.
It was up to us to get a case in court.
Sedo would be probably better off by removing the questioned policy.
In the mean time, we have removed all Sedo banners and links from all our 400+ websites.
Also, Sedo did not ever accept any of our domains for a top listing.
So we kept paying for featured listings.
But Sedo should consequently not accept domains that absolutely not respond to their quality claims as to be short etc.
There are many domains top listed that are long and describe things that we never heard of.
We understand that Sedo is a business that needs to sell.
We understand policies, and necessity to abide or quit.
We understand that some service need to be paid for.
We don't understand how Sedo dares to say how much a domain is worth, based upon irrelevant information.
Everybody has individual ideas about domain value.
We are seriously upset about the appraising industry claiming that prices that people are ready to pay, are not realistic.
Domain value depends upon a (in-house) theory about the relationship between domain elements.
Number of characters in SLD, and if they mean something in some language + type of TLD.
Value depends only upon the vision of the appraiser, seller and buyer.
There are no standards.
Web value depends of "find-ability" in search engines + Sales from that web (products or/and advertising.
Appraisers must learn begin any text in relation to value estimation with the explanation of their information sources + their formulae + the statement that it is their company opinion and subject to anytime change parameter variations as time, place, locality, etc.
And not in some small print lost somewhere in some paragraph that nobody would read.
Right now, all appraisers make the mistake to mix domain elements with web content elements and search engine elements.
That is misleading customers and can be considered fraud.
If somebody starts a class action against one or another company that offers appraisals, it will hit the media with force.
And there is no way to excuse the make belief that domains do have a official market value, because it is not.
IMHO Sedo, as a big market player, should reconsider some policies and drop some questionable activities.
The first company who admits that valuation is rather art than science, is the most honest one and should attract customers.