I read a Letter to the Editor in Ecommerce Bytes concerning eBay’s apparent refusal to raise a seller’s limits on an auction for a domain name. The letter was written by Scott Newman, who is the broker of record for the Forms.com domain name, according to a press release in February.
Here’s what Scott had to say about eBay in the letter:
“I sell fairly expensive items on eBay, both for myself and as a consignment dealer. eBay declined my request to raise my limit from 2 million to 7 million. I need the 7 million limit to sell the premium domain name, ‘Forms.com’.”
It’s interesting that Mr. Newman wasn’t able to have the limit lifted by eBay. If you have a look at domain name auctions on eBay right now, there are more than 50 auctions listed at $5 million or more. From my perspective, I didn’t see a single name in that list that is worth seven figures, let alone the $21 million that some of these people are asking.
I am not sure how these sellers are able to have limits above Mr. Newman’s, especially considering the difference in domain name quality.
If anyone is familiar with selling domain names on eBay, perhaps they can advise Mr. Newman on how he can get his limit lifted in order to list the Forms.com domain name for sale. I don’t know if it’s worth close to $7 million (which would rank it higher than the sales of Wine.com, Software.com, Shop.com, Investing.com, and many other fantastic domain names), but at least a listing on eBay could give it additional exposure.