Suggestion: Push to SEDO auction

[rmg]

Hi!

I am not sure but I think that the forum doesnt have one section like this (that we have for example at DNF):

- we ask to push our domains into a SEDO auction.

I think that it would be very useful.


Regards to all

 

[mis_chiff]

I'm asking because I don't know - but isin't pushing a
domain to auction without the intent of buying it some
sort of fraud?

 

[Jawed]

I think the intention is to buy when a name is pushed by another member if there are no other bids. The seller is in fact taking a risk by taking the name to auction.

On the other hand, the buyer has a chance to get a good bargain.

Personally I don't like this idea due to the unethical nature of this practice.

 

[Erdy]

Personally I don't like this idea due to the unethical nature of this practice.

There is nothing unethical here. For instance let's say you want to sell TradeDirectory.com on Sedo auction. I would happily place a $60 bid on it which will let you to send it to auction. This doesn't mean I'm not prepared to pay the $60 and buy the domain. On the contrary it is a genuine bid. When you ask me to place a bid you should also be prepared to sell it for the price if there are no other bids.

Once I had a CVCV.com domain that I wanted to send to auction. I asked a namepros member to place a bid on it which he did and I sent it auction. It sold for 2020 USD. The bid was a genuine bid and I would honour the sale even if there were no other bids. What is unethical here?

but isn't pushing a domain to auction without the intent of buying it some
sort of fraud?

How did you come to that conclusion that there is no intention of buying? If you have a list of domains you can send them along and I can tell you on which of them I would happily place a $60 bid on sedo with the full intention of buying them if they end at that price.

 

[Jawed]

There is nothing unethical here. For instance let's say you want to sell TradeDirectory.com on Sedo auction. I would happily place a $60 bid on it which will let you to send it to auction. This doesn't mean I'm not prepared to pay the $60 and buy the domain. On the contrary it is a genuine bid. When you ask me to place a bid you should also be prepared to sell it for the price if there are no other bids.

Once I had a CVCV.com domain that I wanted to send to auction. I asked a namepros member to place a bid on it which he did and I sent it auction. It sold for 2020 USD. The bid was a genuine bid and I would honour the sale even if there were no other bids. What is unethical here?

I agree with you; there is nothing unethical in the scenario you have presented.

I take a different view. Basically I see some element of shill bidding in this practice. Suppose I have a crappy name and I cannot find any buyer. I ask a friend of mine to push this name and thus I deceive other buyers, luring them towards my name by creating a false demand.

 

[mis_chiff]

How did you come to that conclusion that there is no intention of buying? If you have a list of domains you can send them along and I can tell you on which of them I would happily place a $60 bid on sedo with the full intention of buying them if they end at that price.

Like I said, I was asking because I don't know...
and I don't see it being done in the places I frequent.

Trying to understand the logic behind it.
but I don't understand why the seller would have to ask for
bids/pushes at all...
If it's a good name, wouldn't it get a bid anyway?

Or is it because having a bid gives it more exposure and
a chance of another bidder?

---------- Post added at 06:07 PM ---------- Previous post was at 06:04 PM ----------

I agree with you; there is nothing unethical in the scenario you have presented.

I take a different view. Basically I see some element of shill bidding in this practice. Suppose I have a crappy name and I cannot find any buyer. I ask a friend of mine to push this name and thus I deceive other buyers, luring them towards my name by creating a false demand.

Erdinc's explanation is different than the OP's post - so I would
agree with that statement.

I also agree with the shills as Jawed mentioned - that was the
first thought when I read the OP's post.

 

[Erdy]

I don't understand why the seller would have to ask for bids/pushes at all...
If it's a good name, wouldn't it get a bid anyway?

It might get offers but maybe not at the time you need to make a sale. If you need money soon and you have a valuable domain, pushing to auction at Sedo is a good idea.

However I suggest this only for domains that other domainers are also interested in like numeric domains, LLL.com or CVCV.com domains.

I needed to rise money urgently for another domain purchase and that strategy worked out well for me.

Jawed,
Sedo requires account verification for buyers. I doubt any friend of yours would simply bid on your domain to make you happy without intention of purchase. Their sedo account would probably be suspended. I don't know if sedo actually does this but if they don't they should start doing it. What I know is that I'm not going to risk my certified sedo account to make a favour to anybody if I don't plan to buy the domain.

 

[rmg]

There is nothing unethical here. For instance let's say you want to sell TradeDirectory.com on Sedo auction. I would happily place a $60 bid on it which will let you to send it to auction. This doesn't mean I'm not prepared to pay the $60 and buy the domain. On the contrary it is a genuine bid. When you ask me to place a bid you should also be prepared to sell it for the price if there are no other bids.

Once I had a CVCV.com domain that I wanted to send to auction. I asked a namepros member to place a bid on it which he did and I sent it auction. It sold for 2020 USD. The bid was a genuine bid and I would honour the sale even if there were no other bids. What is unethical here?

For me, this is the point...

We are talking about domains that value more than $60 and we want to send it to SEDO auction...