Sending Sedo Names to Auction

[markfromslo]

What is the opinion of people here on sending Sedo names to auction when a bidder bids lower than your price? I don't mean, what is the effectiveness, but what of the ethics of it. I've done it a few times, but I have to admit, sometimes I feel a little sorry for the guy on the other end. I know it's silly; it's just business. I've got one right now whose initial bid is $250, I then said $1500, and then he bid $1000. I could try to further negociate up to $500 more dollars, but if the last offer is mine, not his, I cannot send it to auction. But if I send to to auction now, I could possbily get more than $1500 because it's a good name. But, I can't help but feel a little bad about doing it since many people don't even know that can even happen, and he has made a pretty good faith offer. (Does Sedo even warn on the bidding page that an under bid can cause the name to be sent to auction?)

 

[StrictlyNames]

nothing wrong with sending it to auction in my opinion.

 

[markfromslo]

Well, I sent PeerLoan.com to auction at $1,000 and the buyer just sent me a message there that said they will immeidiatley pay the $1500 if I stop the auction now. Must be a valuable name. But even if I wanted to, which I'm not sure I want to do, can I even stop the auction once it's started, if they want to pay my last adking price? (If you click on the link in my sig I think you can see why it might be so valuable).