Bidding on Sedo

Discussion in 'Domain Names' started by Gomar, Sep 29, 2008.

0
  1. #1
    I was bidding on this domain and it when it ended.

    It said

    Winning Bid!
    Bid automatically placed by Sedo.

    What the heck does this mean? Does this mean Sedo the company place a bid on the auction?
     
    Gomar, Sep 29, 2008 IP
  2. CannabisSEO

    CannabisSEO Well-Known Member

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    #2
    I think what they were saying is that it was a proxy bid placed by Sedo on your behalf. For example if the starting bid was $25 and you bid $50 max, and someone came along and bid $40, Sedo would place a bid of $45 on your behalf. This is also known as a proxy bid.

    Hope this helps, and feel free to check out the domains listed for sale at the site in my sig if you are looking to buy more. Thanks ;)
     
    CannabisSEO, Sep 29, 2008 IP
    Bohra and chandan123 like this.
  3. chandan123

    chandan123 Prominent Member

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    #3
    do we need to deposit any funds before bidding in sedo ?
     
    chandan123, Sep 29, 2008 IP
  4. Bohra

    Bohra Prominent Member

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    #4
    Basically some bidders but auto bids because of which this happens..

    Nops no need to deposit funds
     
    Bohra, Sep 29, 2008 IP