Yesterday, NamesCon announced the dates for the 2020 NamesCon Global conference in Austin, Texas. The annual conference will take place January 26-29. This is the first year NamesCon Global will not be held in Las Vegas, where it has been held since its inception.
I did not buy my conference pass yet, but I plan to do so before the price increases at the end of July. I checked yesterday, and I am able to fly non-stop from Boston to Austin, and airfare seems pretty reasonable right now. I probably won’t book it until I figure out the hotel situation though.
I know we are about seven months out, but do you plan to attend NamesCon Global in Austin? Vote in the poll below.
Having a reserve price on a domain name auction can reduce the risk of underselling a domain name for domain registrants. From what I can see, more and more domain names with reserve prices are coming up for sale on NameJet and other auction platforms. I am curious if domain investors reach out to domain registrants post-auction if they were bidding on a domain name and the reserve price was not met and did not sell.
For today’s poll, I want to know if readers reach out to a domain registrant to try and work out a post-auction deal if the reserve is not met in an auction. If yes, do readers have the auction platform or their account representative reach out on their behalf to try and get a deal done or do it on their own? Vote in the poll below and share additional thoughts in the comment section:
I believe that Domain Incite was the first domain name industry website to break the news that Amazon will almost certainly be getting the rights to operate the .Amazon domain name extension. Domain Name Wire and OnlineDomain.com also wrote articles about the .Amazon extension and what it might mean for Amazon and the new domain name extensions as a whole.
I think you already know how important Dana-Farber Cancer Institute and the Pan-Mass Challenge are to me. I ride in the PMC to raise funds for Dana-Farber, and one of the most fun ways to do that is to create a special bike jersey to wear on the second day of the ride and during my final training rides (not to mention after the ride as well).
Not only is the .XYZ Registry the lead sponsor for the Pan-Mass Challenge jersey that John Berryhill and I will wear on the second day of the PMC, XYZ’s Amy Brown was also kind enough to design it. Amy created two special jersey designs that I think are great. In fact, John and I couldn’t decide which jersey we should wear. I created the poll below for readers to help us choose the jersey design we will wear.
Yesterday afternoon, JE.com failed to hit its reserve price on NameJet. The high bid was $500,000, although the posted reserve price range was $500,001 – $600,000. Essentially, this meant anyone could place a $500,000 bid without any obligation to buy the domain name since the seller is not permitted to reduce the price to a high bid that did not hit the reserve.
Theo Develegas made this observation and suggestion on Twitter:
When the top bid is $1 below the reserve, that's safe bidding. Don't disclose the reserve!
Not posting the reserve price range would likely eliminate bids at just under the reserve because it would be too risky for people to bid if they don’t actually want to buy a domain name. We would likely see more genuine bidding if people were obligated to purchase a domain name should their bid hit the reserve. This would give a better idea of the market value of a domain name.
As a bidder, I like to see the reserve price range so I don’t waste my time watching an auction that has a reserve range above what I would consider paying.
Notably, not all domain name auction platforms share the reserve price range. Sedo and NameJet both display the reserve price range. GoDaddy Auctions does not. I can’t recall whether or not other domain auction venues that offer private auctions display the reserve prices, so feel free to share that info if you know.
Do you think auction venues should publish the reserve range?
The valuable two letter JE.com domain name is coming up for auction at NameJet. The high bid stands at $400,000, although the reserve price range is between $500,001 – $600,000. It is currently in Pre-Release status, and then it will go to a three day public auction.
According to NameBio, there have been eight publicly reported LL.com domain names in the last three years. The lowest price achieved for one of these sales was $510,000 for FO.com. The highest price achieved was $3.77 million for HG.com. Undoubtedly, there have been quite a few other LL.com domain name sales in that time, but these often change hands privately (the sale of WW.com is just one example).
With a reasonable reserve range on JE.com, I would like to know if readers think the domain name will hit the reserve and sell at NameJet. Vote in the poll below: