Flippa will not be proceeding with their $1 reserve auction
An update was given by Kevin Fink in a comment here on TLDinvestors.com.
We are not proceeding with this $1 Reserve “Showcase” Auction. We did not receive the inventory needed to conduct a worthwhile auction for our sellers. This was understandable, given the considerable risk in launching with a $1 reserve.
We will have an announcement in our blog and newsletter this coming Monday that will highlight a revised Showcase auction we will be running.
In short: it will be a No Reserve auction, which means you can submit your domains at the minimum price you will wish to retain (after 15% commission), and the first bid guarantees a sale. You do not need to submit with a $1 Reserve, though those submissions are welcome. For example, if you have an LLL .com and are looking for $30,000, you can submit that domain with a $30,000 reserve – and if it gets a bid, it is guaranteed to sell. All submissions are subject to approval.
Flippa will offer a pre-bidding process to gather buyer intent as well as to vet all interested buyers. More information to follow…