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Originally Posted by Donny
Just like I said, $500 to $1,000. The highest bid was $1,025. Looks like I was right on the money, Mister "I have 20,000 domains and know the market better than you and think this is a mid 5 figure to low 6 figure domain".
Reality hittin' you yet?
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Not hittin' even close. You are way way way off. You are in the other county.
The best example of how far off you are...is your METHOD of valuation. Valuation by comparable sale requires 2 parties, in an arm's length transaction, to conclude a transaction (a sale).
To refresh you: the seller (me) never accepted the high bid, which never reached the pre-set reserve.
Your method of valuation is totally wacky.
For an extreme example: if I make an offer of $100 for your house, it doesn't mean your house is only worth only a hundred bucks. It only means that someone OFFERED such an amount --which doesn't mean much.
Now, the good news. The auction did whip up alot of interest. I am negotiating now with a few companies.
