There is a story a brewing on Namepros where a member posted about trying to buy a domain name on Flippa.
They were told the transaction was cancelled due to old pricing. Apparently the seller has been a speaker at NamesCon and runs a domaining site according to the member.
It would also be another thing if he had let the domain expire or no longer owned it — but he does.
Honest mistake or not, responses like this really paint our industry in a negative light. In this case, I hit BIN – that’s pretty cut and dry. But also, if you’re going to negotiate with someone (as a buyer or a seller), keep your word. If we want the industry to be respected in the mainstream, it’s our responsibility to make that happen.
Now many members are calling for the name of the seller and the member stated he wanted to give them time to make things right. (I agree with that). If not he will name the person as some members are concerned about another scandal situation.
You have to honor your sales. I had one a couple months ago, I changed prices on Afternic and clicked one name that should not have been included, had the name priced at DAN and other places higher.
It sold for $399 and I honored it, it wasn’t fast transfer so I could have said oh this was an error, but I would never do that. You need to honor the prices you set.
The name was not given and that would help to know what might have happened. If an LLL.com was priced at $6,000, someone made an error. A brandable name that many would consider the price fair, might see the seller pulling a shady move.
Of course not all agree with honoring prices, and many don’t care about their reputation.