Several years ago when I started the PodcastAwards.com website I made the mistake of not registering one of the domain derivatives. It was bought later by a Chinese domain squatter. I offered a decent offer at the time to buy it and never heard anything back from the squatter.
Over the past week I have been working through Sedo to try and buy the domain. I’ll be straight up these folks appear to be part of the problem. They had the audacity to tell me a secondary domain of which I own all other derivates was worth $5000.00! I laughed when I saw that. Anyway I put in what I felt was a fair bid. But it should not come as any surprise that the owner wanted $5000.00.
The question I have to ask is this, did Sedo tell the owner that they thought the domain was worth $5000.00? I don’t need the domain that bad and being I own all of the other derivatives it really does not mater.
I’ll be honest I like the GoDaddy domain auction system better and have probably picked up twenty domains through their systems at a fair price. Their system allows me to see what the seller really wants for the domain and their is no human in the middle.
Be careful with the Sedo folks because I can guarantee you I will never try their service again.