Why announcing recent sales on Sedo is a bad idea

[Theo]

I think it's a bad idea that Sedo automatically - or is it selectively - announces recent domain sales and the amount they went for.

A few days ago, someone sold Yoonoo.com for $4,000+ and today someone registered the .net - probably speculating that the new owner of the .com would cough up a considerable amount for the .net

I predict a new sport...

Registering other TLD's for domains that sold for $xxxx on Sedo and were posted on the Sedo home page!

 

[JuniperPark]

And that's bad because....??

Did you register Wallstreetjobs.net because you thought Wallstreetjobs.com had no value?

 

[Theo]

It's bad because it's an evident "extortion".

Yoonoo.com has no value to others except for the new owner. He paid $4k+ for it. So now some guy in Korea reads about the Sedo sale and attempts - foolishly - to extort money from a published sale.

The funny thing is that he pointed it to Sedo right away :-D

 

[Anthony Ng]

Excusez-moi, but is that strategy (registering available gTLDs or even ccTLDs counterparts of domains sold esp. in high profile) around for years? Moreover, if the buyer is serious about his purchase, he should have registered other .ext's immediately afterwards. Just some quick thoughts.

 

[mkx]

Life isn't fair is it

 

[Philippe]

Kinda lame indeed, but I don't think we can blame Sedo for it, them advertising high sales means possible selling prices for you as well... and, obviously, better commissions for them... that's logic business sense.

 

[freestyler]

Well its good business model.

 

[stuff]

I tryed it also in my early years in domain business and belive me, this way You won`t make any money.

 

[dvdrip]

I think they should ask both buyer and seller if they want the sale to be published.

 

[paymaster7]

i don't see anything wrong with it. makes sense to me...

 

[mkx]

i don't see anything wrong with it. makes sense to me...