So after all the conversation about DWN.com yesterday, it looks like the buyer has moved to privacy this morning.
DomainIQ.com is no longer showing a record for the name, not sure why.
No portfolio information is available for this domain
The domain may have been recently registered, or sufficient WHOIS details may not be available at this time. Please check back later.
They also are showing no history. I was on the site last night and got all the info from there.
Sedo could have played a part in the low listing price. If Diana Pitcher knew little about domain values she might have just went with the recommended price from Sedo. That price 2,999 in my screenshot it will show $ because that’s my currency, Diana would have seen Euros, which is where the buy it now was set.
So as some doubt the sale, others befuddled, we continue to delve deeper.
Or… the “suggested price” in Sedo is showing this price because the domain sold for 2999 EUR? (kinda identical to what Estibot is doing when a domain name is sold, it changes the valuation to the latest selling price). Just a guess of course. It’s perfectly possible the domain got priced 2999 EUR because the automated Sedo appraisal system priced it that and the buyer didn’t know any better.
Raymond Hackney says
That’s a good thought Bram, but I did just check VictoriaCapital.com which sold in the same sales report for 15,000 Euros and they are giving me $799.
Yeah, then you are probably right. The seller didn’t know any better and put the domain for sale based on the suggested price Sedo gave it. Nice find!
Both of you are at least using common sense to scrutinize these influential transactions, which must be done with every fantastic announcement.
NOW, the problem is the appraisal and suggested prices on Sedo, in this case; 3L .com has not been priced under $3,000 in many years, therefore, there’s a conspiracy theory just on that alone.
Secondly, transactions originating from China does not mean the culprits are Chinese, as new gTLD operators, CHiP pushers, and domain market places like to portray. It could be Sedo buying that name from China, or new gTLD operators registering their own names in China.
seller* didn’t know any better.
For the level of service they provide, Sedo is worth no more than 2% commission (less in most cases)
Konstantinos Zournas says
I don’t know how many times do I have to say it.
If you are a seller then avoid Sedo like the plague!
Stay away! You will be screwed one way or another. Sedo made money on this transaction and they couldn’t care less about the price.
Ray, the new title of this sale is simply “Shocking all round”.
I still struggle as you mention from yesterday if it was a “clean” sale and the suggested price thing is just a head shaker on top of it. Mind you I do not even believe a domain thief would be so ignorant as to dump it that cheap so…
I am sure Sedo’s search tool is working overtime to find the next “steal”.
It dawned on me Ray, I have seen a LOT of stuff in terms of domain theft and even as of this week helped in the recovery of Emerge.com where the guy tried to wash the name via a third party.
Now I could be wrong BUT if the name dwn.com was in fact hijacked it could be they used sedo to wash the name and claim legit purchase. If they do they then picking the suggested or lower list price makes sense.
Not saying it was stolen but if it was that would fit a pattern most try to create separation.
btw Emerge.com should be headed back where it belongs shortly.
Raymond Hackney says
That’s what I was thinking if stolen, use Sedo as a washing machine. Now the name goes to privacy but I know who the registrant is as I looked at other names he owned.
Only issue now is movement, name would fall under the 60 day lock seeing as whois was updated should netsol hold to that.
Again we are just talking, we’ll see where dust settles, could still just be an uninformed seller.
One last thing and again possible.
Is it possible the seller did mean to list it on sedo, everything is on the up and up and the ACCIDENTALLY selcted the BIN price or didn’t know it was pre set option?
Just trying to work out every side to this but need to stop rambling lol
Ok MYSTERY SOLVED! I just spoke with Diana Pitcher and it WAS a good sale, name was NOT stolen and she literally just had to idea it was worth approx 20X more 🙁
So that’s that, good sale, uninformed seller, sounded like a very nice lady and she just did not know the names market value.
Raymond Hackney says
I called her twice got voicemail. Glad you got through, I texted her too.
Yes I tried twice and first time busy, second time she answered straight away. She sounded a bit disheartened and also asked me the real value, she truly had no idea.
I am not getting into what sedo’s estimate had to do with this or their obligation but golly gee Bev she relied on that estimate.
SEDO sucks big time. why people keep using them it’s beyond me. 0 value their services, and for EU citizens we also even have to pay their taxes (VAT over THEIR commissions)
” sounded a bit disheartened ”
I bet that is an under statement.
I would have been sick to my stomach for days (maybe weeks).
I am sure she did not realize, she could have called Dave Evanson. And, it would not cost her anything.
If she really wanted to sell it quick, I am sure he could have gotten $10k – $ 20k very quickly.
You are also missing the insult to injury – she had to pay 15% commission to give her domain away.
Raymond Hackney says
So the Sedo suggested price probably got her to list at that price, Sedo screwed themselves too, at $10,000 it sells just as fast and they get a bigger commission.
Very true, my opinion, sedo needs to rework that estimate tool. No malice here really just an incompetent tool.
Great job Raymond and Josh. So this headline was spot on. Cheers
nice work @Josh
but did she never recieved offers from domainers by email?
even if you dont list your lll.com, you recieve so much offers, almost daily,
if you own a lll.com
Sedo valued my 3L .com at $2,000…
I hate appraisal tool/scam
Ouch, this is horrible. Sedo is bad bad bad. Never liked their service. Unlike godaddy that actually can get sales, sedo is dying platform.
I wish this never happened, followed by I wish it never got reported. Now I will get 10X more flipper spam.
Oh well Goodbye to SEDO. never did like them anyway.
Huge loss to the owner… Every week I see lot of sales reported by Sedo. But I see that many are not happy with them. Can someone suggest a better way to sell domains. I am a newbie to domain selling.
I would say have your own lander page with a Form to fill in asking inquirers name address phone etc and offer and then point your domains to that page. IF someone really wants to buy a domain they will visit it and then make. I find using 3rd parties like SEDO make it much harder in that you are dealing “Blind” with a party you do not know who they are etc and could be lawyers wanting to get you to ask a lot and issue UDRP, or they may be a giant company and if you dont know you may undersell. BEST way is deal with it yourself.
sedo valued one of my LLL.com with about 3000.- too.
for a bin listing over $10’000.-, i needed to buy a domain appraisal by sedo.
maybe that’s the reason why sedo rates lll.com under worth.
You made a lot of sense here maybe they want people to order appraisal service!
A Mitchell says
Domain pricing is an art, not a science.
Of course the bots are wrong. That’s why we like them. They reinforce the importance of human involvement and human expertise. They also provide countless opportunities for price arbitrage.
Sedo is not liable here. Their valuation service is merely advisory and is also totally free. It’s the seller’s personal responsibility to set their own prices. Period.
You want hand some holding? Good. Hire somebody. Spend money to make money. Don’t sit at home and wait for the big cheque to just land up in your mailbox.
The industry as a whole suffers from a horrendous lack of information, especially at the higher end of the market. This opacity drives the arbitrage and flipping that some of us excel at.
For all you rock throwers who are living in glass houses, remember that Sedo is the most transparent company in the industry. If you really want better valuation tools, it’s the other aftermarkets that need to be pressured to share their sales data—not Sedo.
I’ve bought and sold on Sedo. 100% satisfaction except that I still don’t believe in their price cap.
“Sedo is not liable here. Their valuation service is merely advisory and is also totally free. It’s the seller’s personal responsibility to set their own prices. Period.”
A judge may view this differently. Sedo, like many real estate brokerages, charges for the services they provide by taking a commission on the final sales price. The price suggestion tool is an integral part of the brokerage services that Diana Pitcher paid for.
While many experienced domain investors realize that Sedos price suggestion tool frequently provide deceptive results, Diana Pitcher a regular consumer, trusted the advice Sedo provided.
I am sure she is not the first person to sell her domain asset significantly below fair market value as a result of following Sedos price advice.
.com - comps says
Domain appraisal should be looked at the same as realty appraisal
Just like real estate appraisals can be manipulated illegally- so can’t digital, more easily. Evause there is no safeguards in place as its new territory.
Just be aware and pay attention to the motives behind the scenes
Wow! If you’re not savvy about it I am sure that can happen. How did she acquire that domain in the first place? Wish I would have seen it. I would have bought it asap!