The Domain Name Indian.Me In Auction At Sedo Meets Reserve At Just $4,817,200

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The Domain name Indian.Me just hit its reserve price at auction at Sedo at $4,817,200.

The domain name which is in auction at Sedo.com, shockingly only has one bid which was placed just a little bit after the auction went live on Sedo.

There is still over 6 days and 14 hours to bid on this domain but you will have to bid at least $4,822,200 to have a chance to become the high bidder.

I know as a bidder on Sedo if you want to bid $10K ore more you need to be verified and then there is another verification level you have to go through if you want to bid over $100,000

Not sure what you have to do to be verified to bid over $4 Million but maybe Sedo should take a second look or may be we are going to see the highest domain sale of 2015 in another 6+ days.

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  2. Arx Ett says

    Michael, take a look at the auction’s “Offer Description”. It’s clear to me that it’s just a marketing stunt to get some free advertisement – which worked out pretty well for them.

  4. Andrea Paladini says

    4.8 mln $ for Indian.me? LOL … that’s a joke … probably some “borderline” ad stunt …
    “may be we are going to see the highest domain sale of 2015 in another 6+ days”
    Unless Sedo checks and stops it before, IMHO we are gonna have a NO PAY in 6 days … lol 😀

  6. praveen says

    It seems like Marketing stunt but we have 6 days to go so we cann’t judge anything right now. Time/Sedo has to answer…… wait and see … LOL

  7. london555 says

    If it’s a stunt-as I think it is-SEDO must really be more careful. But if it’s not we own the one word “Insurance” in another extension-so what’s that worth? LOL ( this will be interesting to watch)

  8. Ramahn says

    The dot ME registry messed up. They sold this name for $85 back in ’08. They should have held on to it and asked for $4M + 🙂

  9. John 2000 says

    My money is on publicity stunt to gain customers for their service at indian.me. If a credible sale takes place at or above that reserve, I’ll come back here to admit I was wrong.

  11. pax says

    Sedo requires a faxed photo-ID + bankstatement or utility bill + 1000 EUR deposit by wire, then you can make bids over 100k 🙂

  14. John 2000 says

    This may even be much worse than what happened with MayTheBeWithYou at eBay in 1999 (.com of course). Although the dead in the water $10,000,000 closing bid killed that auction, at least the $6,700,000 bid on MayTheForceBeWithYou was real, and I’m not aware of any requirement of bidder pre-verification eBay had back then. In this 2014 case, however, it would seem that something may be very amiss. It would be nice if this is not just swept quietly under the rug and the “community” comprising the many of us who participate directly in this industry receive some kind of explanation. I won’t wait for it, however.

  15. DNPric.es says

    Have checked it. This is what the owner has received from Sedo today:

    Dear Sedo Member,

    We regret to inform you that we have been forced to cancel the current highest offer made on the domain indian.me.

    Following a routine customer check, the buyer’s Sedo account has been suspended due to a breach of our terms and conditions. In this case, the offending party was the highest and only bidder on the domain and as a consequence we have been forced to cancel the auction.

    Please note that we make such security checks to protect our clients from fraudulent activity in order to ensure a safe and secure domain marketplace.

    Thank you for your understanding.

    Best Regards,

    Your Sedo Team
    Customer Support – UK/International

    Then when asked about the defaulting party, Sedo came up with very worrying answer:

    Hi,

    Thank you for contacting us.

    We can’t pass on their information, sorry.

    Also, their account was closed as suspicious, Even if we could, you probably don’t want to be involved.

    If you have any further questions or comments, please visit our Customer Support Centre.

    Best regards,
    Ian ******
    Customer Care Specialist

  16. DNPric.es says

    Also have checked the stats. And the numbers tell that Sedo has cancelled about 15k of auctions, or 8% of all auctions held by their brokerage.

    It is a hell a lot of cancelled opportunities or suspicious bids. Don’t you find? Considering Sedo is about 10 years old, it is 1.5k cancelled auctions per annum, or 3 cancelled auction every day!