Craig,
Thanks so much for starting this thread, you did all the Great Domains sellers and bidders a service. I just saw your post here, this is my original post on NamePros:
http://www.namepros.com/domain-name...ober-great-domains-down-last.html#post3630926
Sedo apparently believes that their loyal domain sellers are not important to them and not important to their business revenues anyway.
Facebook and Twitter get DDOS too, and they APOLOGIZE. I don't see Sedo saying sorry anytime, they are just trying to escape the situation.
J73,
I need to move my domains out of Sedo soon too. "Too much is too much"...I totally agree. I have had too much anger, frustration and disappointment with them. They don't care about their sellers, what more can I say? We should all just move to another domain marketplace that deserves our commissions.
---------- Post added at 11:25 PM ---------- Previous post was at 11:05 PM ----------
I shall re-post part of my earlier thread for your convenience:
From 11:56 AM EST to 12:09 PM EST, where I was, my colleagues were unable to load the Great Domains pages. Bidders in the Great Domains auctions were frantic, and when they could not bid, I received this flurry of emails during and shortly after the disrupted auction, from people trying to bid on one of my domains in the auction.
I have seen other domain sellers in the auction get hit hard as well...prices were below what they could have been, and bidders have already confirmed that they were unable to process their bids.
Then WHY does Sedo just decide to revive the .DE auctions and toss the Great Domains auctions out the window? Because .DE has a lot more money to be made, it does not matter to them if our Great Domains domain sold at $3,000 instead of $5,000, it is just a measly $200 difference to them, compared to the much higher differential in loss for Great Domains.
I have lost faith in Sedo. Such a major screw up, and yet they don't address the issue, don't offer a reauction, and come up with statistics that show that October Great Domains had more bids than previous auctions and that sale prices were better?
This is totally IRRELEVANT:
1) Who cares if the winning bids were, wow, higher than past average sales? There could be a crappy domain on Great Domains which was already "overvalued" at the current highest bid. Who cares? Some bidder may decide that, hey, I impulsively like this crappy domain, I will bid up this overvalued domain just because I like it/I am flush with cash/etc etc. But, in the last 5 min, it was impossible to bid! It doesn't matter if a crappy domain was at $10k, it could have gone for $20k because of this...it doesn't matter what Sedo thinks the domain value is!
2) There was a percentage of people who wanted to bid but could not bid in the last 5 minutes, but it was not reflected as different from September, since the bidders in September were not as actively bidding. This possibility cannot be ruled out, especially since bidders are ready to vouch for it.
3) It was the LAST 5 MINUTES. Does that mean anything to a domain bidder? Well...Sedo is just trying to tell everyone that the last 5 minutes is totally not crucial to the pricing of the domain sale. Do they not know that there is always last minute bidding in the LAST 5 MINUTES? They should know this better than anyone else. People trying to outbid each other at the last few minutes can jack up the price of a domain from $10k to $50k and keep getting it extended. Well, if bids could not go through, there would be no competition possible.
...I am just extremely frustrated, my domain sold much lower than what I actually paid for it, and I have these emails from bidders who emailed offering much higher amounts. Looks like a legal storm brewing.
I am looking to sell my domains elsewhere, where the management actually takes ownership of the situation. Please feel free to suggest, I am sick and tired of nonsensical remarks by Sedo and the complete lack of commitment to their loyal sellers.
