I received an email from NameJet announcing a special auction that is filled with exceptional, privately owned domain names. The NameJet website also has banners on-site announcing the auction. These domain names are owned by Thought Convergence, a company co-founded by Ammar Kubba and Kevin Vo.
Some of the domain names that are included in the auction are:
- Beer.com (along with a small portfolio of related domain names)
- AKA.com
- Aftermarket.com
- Threat.com
- Trainer.com
- Illustrate.com
- Caddy.com
Notably, the reserve prices on many of the names I checked are lower than I would have expected. In fact, I will be surprised if some of the higher value domain names do not sell. For instance, Threat.com and Caddy.com each have a reserve price range of $25,001 – $50,000.
When I saw the auctions, I reached out to Ammar Kubba to see if he could comment about the auctions. I’ve known Ammar for a long time, and I was surprised to see his company selling its domain name assets. Ammar got back to me and shared the following comment:
“As you know, Thought Convergence, Inc. has primarily been a holding company for the past several years, ever since we sold off our operating businesses in 2014. These domains represent the final remaining assets in what has been a fantastic 20-year ride. Thought Convergence’s shareholders have agreed that the best way to objectively value, monetize, and distribute these assets is to send them to public auction, which is exactly what we’re doing.
My company, afterTHOUGHT, Inc., still owns thousands of domain names, and we continue to invest and acquire on a regular basis. Without a doubt, I’m incredibly bullish on domain names and other emerging digital asset classes (cryptocurrencies, NFT’s, etc.).
The vast majority of these domains are selling at low or no reserve, so there are going to be some incredible opportunities for savvy investors.”
The staggered backorder deadlines for these auctions begin in a few days at which point they will be entered into a live auction.
Smart (and nice) guy Ammar. Had a nice chat w/him at a conference some years back.
Don’t tell him I revealed this . . . but they’re actually going to “invest” all their proceeds in .xyz domains.
(Sure they are.)