DomainLore Auction Letting.co.uk

orion · Aug 19, 2013

Premium housing/real estate .co.uk domain up for auction on DomainLore, no reserve!

http://domainlore.co.uk/letting.co.uk

This is a huge opportunity for any start-up company in this niche or anyone looking to invest in premium domains.

orion · Aug 23, 2013

Three days to go and bidding is only at £1,050, this is a huge bargain!

http://domainlore.co.uk/letting.co.uk

orion · Aug 26, 2013

Final day of the auction, the bidding is at £1,250 with no reserve so get your bids in now!

peter_w · Aug 26, 2013

Oh dear.

http://blog.domainlore.co.uk/letting-co-uk-owner-caught-shill-bidding.html

PoshTiger · Aug 26, 2013

I've no idea why people try this.... especially on DL.

DaveP · Aug 26, 2013

My gosh Jack what were you thinking. Is money more important than one's reputation?

deluxedomains · Aug 26, 2013

why be so greedy? I am sure it would have reached at least 2.5k if other auctions are any think to go buy.

Sam · Aug 26, 2013

peter_w said:
Oh dear.

http://blog.domainlore.co.uk/letting-co-uk-owner-caught-shill-bidding.html

Another one caught lol

DomainM · Aug 26, 2013

Crazy, it's a nice domain but who would touch this now after the related scam. He has not only damaged his professional reputation but potentially damaged the future resale value of this domain investment.

He should have simply asked DL to add a reserve and stomach the 10% additional fee. Very sad for all involved.

Murray · Aug 26, 2013

It's understandable you were worried after not placing a reserve.

However, that was your mistake, you placed it up for auction without one, you should have lived with the result.

Artificially raising the price by shill bidding you might as well call attempted robbery, no better than stealing.

Retired_Member42 · Aug 26, 2013

My £300 bid still stands if you want

Retired_Member42 · Aug 26, 2013

DomainM said:
Crazy, it's a nice domain but who would touch this now after the related scam. He has not only damaged his professional reputation but potentially damaged the future resale value of this domain investment.

Seriously? How does any of this effect how much letting.co.uk is worth? I don't get it? I mean sure people will be cautious about dealing with him given his level of integrity but as far as the domain goes, it's worth what it was before the auction surely?

Murray · Aug 26, 2013

Redemption said:
My £300 bid still stands if you want

I will give you £310

I now await to see what your relative bids lol

Retired_Member42 · Aug 26, 2013

Suspected shill bidding above. Can someone check if Murray is really the letting.co.uk owner please. Thank you kindly.

DomainM · Aug 26, 2013

Redemption said:
Seriously? How does any of this effect how much letting.co.uk is worth? I don't get it? I mean sure people will be cautious about dealing with him given his level of integrity but as far as the domain goes, it's worth what it was before the auction surely?

If the domain goes for auction again the owner will find it difficult to generate interest. Who will he promote the domain to? Not the same bidders who now feel scammed. This was the best opportunity to sell the domain before the possible .uk release.

It is a common fact that auctioneers do not recommend withdrawing inventory as second time around auctions rarely generate the same level of interest.

Retired_Member42 · Aug 26, 2013

DomainM said:
If the domain goes for auction again the owner will find it difficult to generate interest. Who will he promote the domain to? Not the same bidders who now feel scammed. This was the best opportunity to sell the domain before the possible .uk release.

It is a common fact that auctioneers do not recommend withdrawing inventory as second time around auctions rarely generate the same level of interest.

I still don't see how this effects the value of the domain though? If someone wanted letting.co.uk and was willing to pay £2,500 for it. It's still surely worth the same amount to that person now? Sure it's not going to go down well on DL again as people will be wondering if the bids are legit - assuming it's even allowed a re-list. But the DL auction price is not the value of the domain.

murph · Aug 26, 2013

Kudos to DL for catching this sort of thing

Edwin · Aug 26, 2013

Redemption said:
I still don't see how this effects the value of the domain though? If someone wanted letting.co.uk and was willing to pay £2,500 for it. It's still surely worth the same amount to that person now? Sure it's not going to go down well on DL again as people will be wondering if the bids are legit - assuming it's even allowed a re-list. But the DL auction price is not the value of the domain.

Why would anyone trust the seller enough to send them a single penny, given what we now know? The "value" of something is irrelevant if the owner of that something can't be trusted to actually sell it to you at a particular price.

Retired_Member42 · Aug 26, 2013

I almost wish there were more of them. Denys slap down is the most entertaining thing I've read all day.

MikeJDS · Aug 26, 2013

Redemption said:
I still don't see how this effects the value of the domain though? If someone wanted letting.co.uk and was willing to pay £2,500 for it. It's still surely worth the same amount to that person now? Sure it's not going to go down well on DL again as people will be wondering if the bids are legit - assuming it's even allowed a re-list. But the DL auction price is not the value of the domain.

WTF would anyone hand him £2.5k ?
Are you serious.. You would trust the guy with your money?

Thats even with putting morals aside.
Does anyone have any left?