http://www.fka200.com/2008/03/23/the-much-awaited-llllcom-auction-roaring-success-or-a-damp-squib/ Tue, 27 Jul 2010 08:00:52 -0600 http://wordpress.org/?v=2.9.2 hourly 1 http://www.fka200.com/2008/03/23/the-much-awaited-llllcom-auction-roaring-success-or-a-damp-squib/comment-page-1/#comment-1164 penny auctions Fri, 04 Jun 2010 09:40:30 +0000 http://www.fka200.com/2008/03/23/the-much-awaited-llllcom-auction-roaring-success-or-a-damp-squib/#comment-1164 This auction was a no-reserve action but instead had a unique clause called the “buyout clause” which basically allows the seller to pay the winning bidder a princely sum of $5.00 (Yes, the decimal point does exist) and be free of the obligation to sell. In my opinion, this clause was appropriate in the circumstances as most domains sold well below what they should have fetched. Yes, this is very interesting actually. Very rare to see a seller actually paying the winning bidder. This auction was a no-reserve action but instead had a unique clause called the “buyout clause” which basically allows the seller to pay the winning bidder a princely sum of $5.00 (Yes, the decimal point does exist) and be free of the obligation to sell. In my opinion, this clause was appropriate in the circumstances as most domains sold well below what they should have fetched. Yes, this is very interesting actually. Very rare to see a seller actually paying the winning bidder.

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