Autism.Rocks Sale: Sedo Responds to Comments

Elliot Silver
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I want to share an official statement from Sedo in response to some of the comments the seller of Autism.Rocks made following the sale of Autism.Rocks for $100,000. The company noted that the delay in response is because most of the Sedo management team  is attending  the ICANN meeting in Buenos Aires right now.

Based on what Sedo shared below, it is difficult to blame the company for the situation.  Had the seller chosen the Domain Transfer Service (escrow) option, the cost would have been 3% of the total sale price ($3,000). It appears the seller  created a marketplace listing instead, and when the buyer agreed to purchase the domain name that way, the much higher sale  commission was applied. You can view the price list to see the options available to Sedo customers.

Here is the company’s statement:

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Some People Will Pay More for Comfort

Elliot Silver
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I don’t know the exact details about the Autism.Rocks sale aside from the seller’s comments, but  I want to discuss why a buyer / seller would choose to use a more expensive service when there are reputable, less expensive options available.

I have had situations where a buyer or seller would only use Sedo to transact, even though it might be cheaper elsewhere. Late last year, I had privately agreed to buy a domain name. The seller’s one  term was that we needed to use Sedo or Afternic to transact, despite the fact that the domain name was not listed on either platform and the deal was struck in private. It was strange, but I agreed to pay the higher escrow cost simply  to get the deal done. Unfortunately, the buyer ended up getting cold feet and didn’t close.

There are several reasons why a buyer or a seller would want to use Sedo or Afternic to transact on deals struck in private, even at a higher cost than a straight up escrow service like Escrow.com. I have dealt with a few of these situations over the years, and I want to share some of the reasons I have encountered or assume would be a reason:

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Autism.Rocks Seller Comments on $100k Sale

Elliot Silver
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Earlier this afternoon, I published an article about the $100,000 sale of Autism.Rocks, which was reported by Sedo. I used the DomainTools Whois history tool to find out who sold the domain name, and I reached out to the seller (Chris Wilson) to see if he could provide some comments on the sale.

Wilson’s comments offer some insight into why he acquired the Autism.Rocks domain name and why he was able to achieve such a large price for the domain name in such a short period of time.

Unfortunately, it seems that Wilson is

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Sedo Reports $100k Sale of Autism.Rocks

Elliot Silver
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Sedo reported its weekly domain name sales that were closed via its marketplace, and the company reported the sale of Autism.Rocks for $100,000. This sale was the largest publicly reported sale of the week at Sedo, regardless of the extension.

The domain name was originally registered in August of 2014 by someone based in Florida. After the sale appears to have been completed, the domain name Whois record is currently showing a registrant based in Dubai.

I am not 100% sure, but it appears that the buyer of

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Sedo Removes Listings No Longer Owned By Seller

Elliot Silver
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One frustration people face in the domain investment space is buying domain names on various marketplaces that are no longer owned by the seller. It is annoying when it happens, especially if payment is submitted immediately on a buy it now listing and the seller does not respond while the marketplace attempts to finalize the deal.

Based on an email I received from Sedo this morning, it looks like they do have protocols in place to remove listings no longer owned by the seller. The domain name that is the subject of the email is one that I must have bid on quite some time ago (I can’t even find a record of it). I have not inquired about the domain name recently, and I didn’t do anything that would have caused this email.

It is good to see that Sedo does remove listings that are no longer valid. I am unsure of how regularly invalid listings are removed, and I am unsure of what prompted this email today. It is frustrating to deal with a situation where a seller doesn’t own a domain name anymore but the listing had not been removed, and I am glad to see that Sedo is doing something about it.

Here’s the email I received with the domain name redacted.

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Boston Domain Investing Meet Up on July 15

Elliot Silver
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I am organizing a Boston domain investor meetup on July 15th at Bill’s Bar in Boston, and it is open to people in the domain investment space who want to get together to talk about domain investing. The meet up will be held from 5-8pm.

Sedo is generously sponsoring an open bar for the event, which will also serve as a fundraiser for Dana-Farber Cancer Institute via my Pan-Mass Challenge fundraiser. Bill’s Bar is generously providing the space for the meet up and will also be providing light appetizers for us at no cost since this is a fundraiser for Dana-Farber.

Bill’s Bar is located right behind Fenway Park at 5 Lansdowne St. It’s my goto place for dinner before Red Sox games, and it’s a perfect spot to host a get together.

I am asking people to make a $25 donation to my Pan-Mass Challenge fundraiser prior to attending. At the last Boston meet up a couple of years ago, there were about 50 people who attended. It would be great if 50+ people came and helped raise over $1,000 for Dana-Farber. People who have already made a donation are invited without having to make another donation.

Please RSVP to me via email so I can get an accurate headcount.

Thank you to Sedo, to Bill’s Bar, and to those who attend. Looking forward to seeing you there.

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