Domain seller may lose big at Flippa looking for a fast sale

A domain seller at Flippa may lose big on the auction of the domain name Italian.net.  Advertised as a “Premium Domain – Fast Sale – 326,000,000 Results”, the owner looks to have acquired the name via Sedo in June 2008 for $15,682.00.  However, the way the auction is going (which closes in an hour), the high bid is only $5,000 – and it’s already over its reserve price.

As with most auction houses, Flippa’s guidelines on bids and offers are clearcut.  According to Flippa: “accepted bids that meet or exceed the auction’s reserve price are legally binding for the buyer and seller, and enter the running to win the auction.”

If the name sells at $5,000, the auction is resulting in a quick sale for the seller, and a bargain price for the buyer.  The seller appears credible, so one lucky winner may get a domain name that is roughly valued at $69,000 by Valuate.com, the free domain appraisal service by Cybertonic.

Here’s a look at the listing description:

You’re bidding on a premium domain that was registered in 1996 and hasn’t been dropped since. Nothing has been done with the domain and it is currently offline. When it was online just displaying a parked page, it managed to get a page rank of PR4. There are many possible things to rank the domain for, or you can just hold on to it for real estate value. Some possible idea :

Learn.Italian.net
Cook.Italian.net
Travel.Italian.net

The search “italian” on Google yields 360,000,000 results. I need to sell the domain quickly so it’s priced extremely under value.

The auction closes at midday, unless of course additional bids come in, which could cause the auction to be extended for hours or even days.  In the last four hours of an auction on Flippa, the end time of that auction is extended by four hours if a higher bid is received.

Final sale price: $6,400