A number of domains recently sold on NameJet.com have gone back on the auction block. Apparently their buyers refused to pay up.
Toxic.com, which sold earlier this month for £37,389, is now back up for sale after the winning bidder backed out. The new auction is currently at £22,750 with 280 bidders and 2 days lefts to go.
It is despicable that NameJet is letting its customers do this. Regardless of the sale price, auctions are legally binding. Auction sites these days seem eager to cater to the buyer, yet are unwilling to protect the seller. People should think twice before placing a bid, and the site should do more to support seller’s rights.
Source: The Domains