Sedo.com reported today that the domain name Autism.Rocks sold for $100,000 in its weekly report.
The domain name Autism Rocks.com sold last year for $9,500 to the same Buyer.
The buyer paid more than 10X more for the new gTLD Autism.Rocks than he paid for the .com domain AutismRocks.com last year.
I just chatted with the Seller of the domain name, Chris Wilson who is a neighbor in Hollywood Florida and who registered the domain for normal registration fees.
Mr, Wilson was offered $100,000 as the opening offer; which Mr. Wilson, who operates a non-profit site at werockforaustism.org accepted straight away.
Mr. Wilson is not a domainer, but a fighter for the Autism cause.
Mr. Wilson, the Seller of the domain name told thedomains.com exclusively, that The Buyer and Seller are not happy with Sedo.com, as they charged 15% to act as escrow agent for a transaction that they neither brokered or facilitated nor were involved in other than escrow agent.
The seller asked Sedo to take a portion of the escrow fee and contribute it to Autism.
Sedo declined according to the Seller.
I chatted with Escrow.com and their basic escrow fee on a $100,000 domain name would be around $900.
So neither the buyer or seller who are both deeply involved in the Autism cause are thrilled about being overcharge $14K for escrow services.
We have called out Sedo in the past for including escrow only translations in their sales report but now that there is a huge charitable cause involved that takes it to a whole different level.
Congrats to Mr. Wilson who might have single handled changed the narrative for the new gTLDs.
As for Sedo it’s not a pretty picture and I have no idea of how you can charge 15% to only act as escrow agent.
The escrow fees should have been contributed without a doubt.
Shame on Sedo
Congrats to the Seller and Buyer.