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Originally Posted by James  edit..pulled a offer to auction w/o notifying me of reasons..expained by Tom Fell pending resolution
jim |
Not resolved..
I received a bid of £1000 on a domain and took it to auction which closed the next day with no explanation..after many emails the response from sedo.com was
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" a sedo broker bid UK account managers by working on behalf of the buyer mistakenly bid £1000, when the buyer had specified his maximum was £750. Therefore he had to cancel the auction. It would appear this was genuine human error, however he should have contacted you immediately to explain the situation and I apologize for this.
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So instead of sedo making this right they just cancelled the auction..perhaps the buyer didn't want the transction public..
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If either party requests a block of price and domain name record, an additional 2.5% fee will be assessed to the party requesting the block
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Either way the bid of £750 should of been binding being it was authorized by the buyer..instead sedo's response was
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So what we can do for you, is to list the domain in a new auction for a reserve of £750 (around $1500). We will also add the domain to all featured listings pages. The buyer who was willing to bid £750 will of cours be informed and invited to bid again. This will maximize your chances of achieving a sale.
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Why wasn't the buyers bid of £750 binding ?? only sedo knows..draw you own conclusions
jim
BTW heres the original link
http://www.dnforum.com/f178/isold-info-1-000-gbp-1-965-usd-6-days-16-hours-7-min-thread-310367.html
and sedos page
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isold.info | Bidding History
This auction has been cancelled and the domain name is no longer listed for sale with Sedo.
Auction cancelled: Jul/14/08 04:54 PM CEST
Bidding History
Bidder Date Amount Info
Bidder 1 Jul/08/08 12:43 AM CEST 1,000 GBP 1.767 USD
1.256 EUR
Auction cancelled
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If we're going to be your beta testers we should be compensated for it
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