According to correspondence from Kevin Fink it looks like the closing sale price for SAI.com at $95,000 is not a legit bid, so therefore no sale has taken place.
One commenter in the 10/14/ daily sales recap post, thought the domain went super low. Everyone interested will another chance it looks like.
We’ve seen way fewer erroneous sales, but in this instance it did appear that there was a glitch on our end that allowed the (unverified) buyer’s offer to proceed through the system. I reversed the sale immediately after such suspicions arose. Will work with the seller on relisting at some stage. Thanks for the coverage, Raymond…
Hopefully they relist as a Flippa exclusive, it certainly is a great domain name.
I don’t understand how anyone can say that 95 grand is super low for sai.com. Not low but super low. Crazy!
I know, it is crazy but i guess LLL.com’s can go for a couple hundred thousand to a half a million or more.
I wonder what Paula Deen paid for PDN.com
How many times has a unverified bidder pushed up bids for a verified winning bidder, total breach of trust here, to many domainers are getting ripped off by deadbeats who do not have enough money to pay, but are able to play within the platforms, tdnam, dropcatch, and now flippa… money out the window
bogus bidders have plagued the domain industry way too long.
I am dealing with one now on freemarket.com, just a small sale this time.
This is my fifth bogus buyer. I have blogged about it on other sites but it always falls on deaf ears.
I guess people don’t care to get paid.
What do you think of verified bidder forms, ala namejet and sedo? I’ve heard weird feedback from legit buyers that they won’t bid if they have to fill out a form and wait, etc etc. But I want to come up with as fail-proof a plan as possible to stop shillers and deadbeats. It’s hurting everyone and it makes it a draining experience for those at the other end…
We have some changes in place at Flippa. Also open to suggestions…
I had e-mailed godaddy, sedo,buydomains, afternic and flippa with a suggestion but all i got was the typical form letter, thank you for your suggestion, we will take it under consideration.
My suggestion was, after a certain dollar amount the buyer get a e-mail saying for this transaction to proceed a 10% deposit is required. The bogus buyer would back out if he has to put money down.
The serious buyer would have no problem, he has done his research on the domain and wants it.
The end user will have no problem, he needs it for his business.
If the buyer backs out after a deposit is made, he loses the deposit.
This is how things are done in the real world of buying and selling real estate, deposits are required.
If people want to keep calling domain names and websites internet property, then it should be treated as such.
I wouldn’t give Godaddy or any other company a deposit to bid on a name.
Thanks for your money if you don’t win the auction we will refund your money in 7-14 days. Nobody gets to hold my money but me. (and my wife) 🙂
My suggestion would work well in a [buy now situation].
But you are right, in this so called industry if it was in the bidding process, it would take forever to get your deposit back, like people experienced during sunrise with the new G’s.