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Old 04-21-2009, 11:55 AM   #14 (permalink)
actnow
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Join Date: Mar 2003
Posts: 4,413
DNF$: 6,593
Location: Washington,DC


Quote:
Originally Posted by Doc Com View Post

NOT ONCE am I aware of the winner not paying.




Have a subsection of send to auction can work very well if the person making the offer clearly understands that he is essentially offering to buy the name at $60. And, at the same time, the seller is willing to accept the offer of $60 and elects to send it to auction.

Everyone needs to understand the plus and minuses to this. And the reason I point this out is because of a situation played out here on DNF on this very issue (sort of).

Buyer - by making the offer you commit to purchasing the domain at $60 should no one else bid.

Seller - by accepting the offer of $60 and sending the domain to auction you are committing to accepting $60 for the domain name should no one else bid.

I totally agree.
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