Sedo's Premium Auctions and their "Promotion"

[dotnom]

As you may already know there are 2 different auction types at sedo
1. The one that you send to auction when you receive the first bid from a buyer
2. The one with the approval of Sedo's team and after a deal regarding the quality and the reserve price they put on schedule for auction

The 2nd auction type is the one you see at sedo's homepage at the column "featured auctions" at the very top with the bold characters

Now i wanted to sell QWA.com so i contact Sedo's team, they approved the quality of the name, suggested a 4999 Euro reserve price (i suggested a bit higher) but i agreed with the 5K because i make some other investments and this would help

The auction was scheduled on 22nd (yesterday)
When the auction started i saw at the homepage the names :
america.com
won.com
cognac.com
but nowhere the QWA.com

You must search for it at the page of the "more" link located at the bottom of featured auctions table

What type of promotion is this from Sedo for an auction they want to call it premium ?

Question No1 : Why do they schedule a premium auction to collide with other premium auctions, they should put it one week later for example to give all the names the proper exposure

Question No2 : They put WON.com for a Reserve price range: 200,000 - 499,999 EUR
Usually the biggest price is the reserved price so in USD we have a price range of : 315,278.36 - 788,159.18 that i don't find very realistic for this name, however Sedo agreed with the price and put at featured spot an auction with VERY HIGH expectations. I'm not sure if this will break the reserve limit

Question No 3 : The auction of QWA.com and rest of the featured names i mentioned above end the same time so it will not get even the countdown promotion the simple auctions get

Niiiiiice work Sedo

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Just received Sedo's reply for this issue :
Your domain has been accepted into May Premium Auction. These auctions are marketed by Sedo in a variety of ways.Domains that are of exceptional value may be placed into the Featured Auctions section of our homepage prior to the end of the auction. The domains you mention, america.com, won.com, and cognac.com., are such domains. These domains would be of higher value than qwa.com as they contain real words.The decision to place domains in the Featured Auctions section of our website, aside from the auction ending time, is at the sole discretion of our professional brokers. The decisions made are final. Unfortunately, the domain qwa.com was not selected. Your domain will appear in the Featured Auctions section of our homepage as the auction gets closer to the ending time


That's a warning for all users concerning the premium auction of Sedo
Also really bother me the evaluation of WON.com
I thought the brokers in Sedo are well informed about the domain names
This price is extremely high
I found (in Sedo) better LLL.com for less than 200,000-500,000 Euro

 

[dotnom]

Removed the cognac.com and put diamantes.com from their homepage list
Reserve price range: 200,000 - 499,999 EUR for this too

 

[-REECE-]

No offense intended but QWA isn't in the same league as Won.com or diamantes.com (diamonds.com sold for $7M awhile back).

Sedo is a business afterall and it's perfectly understandable that they will do their best to first promote the domains they will make the most money off.

Removed the cognac.com and put diamantes.com from their homepage list
Reserve price range: 200,000 - 499,999 EUR for this too

 

[dotnom]

No offense intended but QWA isn't in the same league as Won.com or diamantes.com (diamonds.com sold for $7M awhile back).

Sedo is a business afterall and it's perfectly understandable that they will do their best to first promote the domains they will make the most money off.

No offense taken Reece
I didn't ask to remove WON for QWA.com
I just said what's the purpose of scheduling ?
They could push back QWA to clear WON and then put it on
That way they could offer a decent exposure for the domain
I waited about 7-10 days to start the auction but didn't get what i hoped from Sedo
The featured auctions table didn't have any bold entry before 2 days for example
It's totally understandable to try earn more from other names that doesn't mean other featured auctions should be buried


As for the reserve of WON or Diamantes.com (which looks to me like a type of diamonds, at least at google the first entry is about Diamante Poems)
i think i could wait to see how these auctions will close

It's the first time that i hope the domain to close BELOW the reserve price so that i can take it elsewhere

I prefer your BQB site than Sedo now

 

[-REECE-]

I don't speak Spanish, but I do speak French which is often quite similar and I believe Diamantes.com is Diamonds.com in Spanish.

The one ironic thing about Sedo is the fact they openly advertise having 11.5 million domains listed. That's 11.5 MILLION COMPETITORS FOR EACH AND EVERY NAME...

I definitely agree with you but the harsh reality is that there's so many LLL.coms listed on Sedo that if they started making it desirable to put them in auctions it'd probably end up being just as flooded and undesirable as it is now.

No offense taken Reece
I didn't ask to remove WON for QWA.com
I just said what's the purpose of scheduling ?
They could push back QWA to clear WON and then put it on
That way they could offer a decent exposure for the domain
I waited about 7-10 days to start the auction but didn't get what i hoped from Sedo
The featured auctions table didn't have any bold entry before 2 days for example
It's totally understandable to try earn more from other names that doesn't mean other featured auctions should be buried


As for the reserve of WON or Diamantes.com (which looks to me like a type of diamonds, at least at google the first entry is about Diamante Poems)
i think i could wait to see how these auctions will close

It's the first time that i hope the domain to close BELOW the reserve price so that i can take it elsewhere

I prefer your BQB site than Sedo now

 

[dotnom]

All the LLL.com's in Sedo are not in featured auctions but with the known offer-counteroffer model

If someone wants to put the domain in featured auction then he starts a deal with their brokerage dept.
Usually he asks for a big reserved but they suggest a lower price because they want to make the auction viable for them
If you agree to all these, the domain is scheduled for auction

Now what's the benefit of a featured auction if it's not promoted from sedo at all ?
+ nothing. it's buried at the auctions page together with other normal auctions

- you agree for a reserved price from the start, no ability to negotiate of course
- this reserved price is according to their opinion
- you still pay the same money as other featured auctions you can see at homepage

 

[Michael]

The point isn't to get at the top of that premiums box at Sedo, it is to get on www.GreatDomains.com (which you did). When your auction is close to ending you'll get near the top of the box, but obviously they're going to reserve those few permanent slots that aren't based on time left for the best of the best.

From what you're saying it sounds like you never heard of GreatDomains.com, which Sedo promotes pretty heavily and gets solid attendance from some pretty deep pockets.

 

[dotnom]

The point isn't to get at the top of that premiums box at Sedo, it is to get on www.GreatDomains.com (which you did). When your auction is close to ending you'll get near the top of the box, but obviously they're going to reserve those few permanent slots that aren't based on time left for the best of the best.

From what you're saying it sounds like you never heard of GreatDomains.com, which Sedo promotes pretty heavily and gets solid attendance from some pretty deep pockets.

I think you're right, there is no point for this
Will not put my other LLL.com at Sedo
I knew about GD what i didn't know is that the 3 bold lines at featured table is for the "best of the best"
I saw many times auctions for $100 - $500 there and i assumed (incorrectly) that they are for all featured auctions

Greatdomains have rotating domain listing to their page
The auction ends the same time as all the other featured auctions like america.com for example because qwa.com opened the same minute with them.

 

[Michael]

A lot of people argue that Sedo should stagger the start times so that everything doesn't end at the exact same time making it easier for buyers to give their attention to more than just a few domains at the end. I would have to agree with that to an extent, but I don't believe it is a huge deal because chances are one person is not bidding on 3+ $xx,xxx domains at the same time.