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mobilephones.co.uk not sold

Friday, March 12th, 2010

Looks like some funnies have happened and the sale is not happening.

Angie Barrows has made it public that she was the winning bidder and that the sale is now in dispute, here is her statement:

Dear all

I am the mystery buyer of MobilePhones.co.uk which has caused such a stir in a recent Sedo auction – Angie Barrow of ANY-Web Ltd.
My portfolio of over 15000 .co.uk village domain names for my www.ANY-Village.co.uk project has been the subject of previous threads on Acorn, and many here know me.

I originally wanted to lift the veil on my identity with a fanfare – joyously announcing how delighted I was with my purchase of MobilePhones.co.uk and what a bargain I had got. In a few days – just before everybody would have found out anyway (I am dreadful at keeping secrets).

Now circumstances have arisen which are forcing me to reveal myself a bit earlier.

I am an unlikely buyer of big ticket domain names.
MobilePhones.co.uk is my first such purchase – what a gem, and what an amazing name to have in my portfolio.
It took a lot of courage and thinking through the long-term investment potential of this name for me to take this step.
Both a no-brainer and yet a big deal for me. Definitely out of my comfort zone.
You should have heard the yelps of delight in my house when I got the name! I was delirious.

So I want to share with you the news that I have just been informed by Sedo that the seller is disputing the auction and claims the name had not been authorised to be sold. I don’t know the precise circumstances yet but will find out.

Naturally I am distraught and will dispute this. I am not the only one thinking that I got the name at a bargain price – even the seller thinks so too!

There will be lots of ramifications about this transaction and I am sure that Sedo will be doing their best to sort out all the legal issues.

Sedo are a great marketplace for our domains and are doing so much to help all of us domainers sell our names. So please no Sedo-bashing.
But this is about the integrity of our marketplace and the confidence with which we make purchases and sales.

I was wondering what your views are regarding aborted auctions on Sedo and other auction sites and on non-performance of domain transfers.
Are there any legal precedents out there?

I will keep you posted about developments with MobilePhones.co.uk

Yours from a stunned and gutted
Angie

The ongoing story is ongoing at acorn domains – here

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2 Responses to “mobilephones.co.uk not sold”

  1. Gerard said on March 13th, 2010 at 4:57 pm

    Angie’s reputations among domains in the UK is great, however I can’t imagine she is really “distraught”. well unless she has some how paid already, which I don’t think is the case.

  2. Richard said on March 15th, 2010 at 12:56 am

    Gutted certainly. I think we’re all pretty stunned by the turn of events:
    - it would be normal to pay the money and proceed with what should be legally binding contract
    - interesting details will come out of it, such as who covers the interest on 91k in limbo / who earns the CPC revenue from the holding page
    - and serious fundamental issues about the credibility of auction houses and the domain auction process:
    http://www.cressive.com/mobilephones-co-uk-to-decide-future-of-domain-auctions/
    It’s been quiet for a couple of days, so lets hope there is frantic activity behind the scenes by Sedo on resolving this to the industry’s satisfaction.
    Should be an interesting week…

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