neddy
Top Contributor
There is some interesting debate going on with regards whether Rick Schwartz should be able to bid at his "own" Traffic auction next week.
At issue is whether there is a conflict of interest - does RS have an advantage over other bidders because he gets a 15% effective commission? i.e his $10,000 bid would in real terms (compared to another bidder) be only worth $8500. The seller is still going to get the same price whoever wins - it's just other bidders that could feel disadvantaged.
There are two sides to the discussion, and they have been perfectly encapsulated in this post by Domain Shane (and the subsequent comments):
http://domainshane.com/should-rick-schwartz-be-able-to-bid-on-domains-at-his-own-auction/#comments
What's your opinion?
At issue is whether there is a conflict of interest - does RS have an advantage over other bidders because he gets a 15% effective commission? i.e his $10,000 bid would in real terms (compared to another bidder) be only worth $8500. The seller is still going to get the same price whoever wins - it's just other bidders that could feel disadvantaged.
There are two sides to the discussion, and they have been perfectly encapsulated in this post by Domain Shane (and the subsequent comments):
http://domainshane.com/should-rick-schwartz-be-able-to-bid-on-domains-at-his-own-auction/#comments
What's your opinion?