Mystery Domain Auction Shuts Down

I spoke about Mystery Domain Auction last week and warned you all about taking part in the auction.

I logged in today as I was curious about how the bidding was going and noticed that the owner has shut down the site. In it’s place is this message :

Following legal advice obtained as a result of concerns raised by fellow domaining bloggers and some NamePros members about the legality of an all-pay auction in the US where this site is hosted in addition to consideration of the problems I may face at the end of the auction in case more than one person bids with the same amount which is very likely I have decided that the best option is to cancel this auction effective immediately.

All bids have now been refunded.

All affiliates that made sales have been paid out of my own pocket.

I wasn’t aware that the site was breaking any rules but I’m glad it has been closed down as a lot of people would have lost a lot of money. Again, beware of websites which offers deals which sounds too good to be true, 99.9% of the time they are!