I found a few names in tomorrow’s live TRAFFIC auction that I like, but apparently I won’t be able to bid on them online since I have a Mac Book with a Leopard OS. According to the Snapnames website’s online bidding requirements:
“Live Auction Software Requirements
Microsoft Windows operating system
Audio output
Internet Explorer 6.0 (or newer) or Firefox 2.0 (or newer)“
Kind of a bummer, but no big deal I suppose. Guess I should have thought about this earlier!
Thanks to Mike at TheDomains.com for providing the results of yesterday’s auction at TRAFFIC. The Moniker No/Low Reserve Auction is the precursor to Wednesday’s highly anticipated live auction, and it netted $190,000.
The results of the auction can be seen at TheDomains.com.
Moniker publicly released the TRAFFIC West live auction domain list this morning. They received over 120,000 submissions for next week’s auction, and after reviewing the names, I think this auction will set a record for highest grossing domain auction – even though it is missing the great multi-million dollar domain name that is still reasonably priced. There are some strong domain names listed, with many at reserves I would consider reasonable.
The full live auction list can be seen
At today’s Snapnames Live Auction at Domainfest, Lonnie Borck was the winning bidder for Bookmarks.com, purchasing it for $310,000. This is a fantastic domain name, and it is a great purchase to incorporate with his netRocket.com website, a bookmark scheduling service.
Bookmarks.com is the category killer domain name for netRocket’s vertical, and it was a smart purchase. Not only will this help drive targeted traffic to netRocket, it is also a nice defensive purchase, as it prevents another upstart company from owning the category.
The best direct marketing tactic for a live domain auction I’ve seen didn’t come from an auction house. Nope – it wasn’t from one of the major companies actually hosting the auction. Today I received an email from someone who has a domain name listed for sale in the upcoming DomainFest Snapnames Live Auction.
“To Whom It May Concern:
Wu.net will attend the Domainfest auction (in person and also online) from Jan. 22, with reserved price of only US$ 10,000.
If you are interested, please visit their website as soon as possible, and make all the necessary preparations:
https://www.snapnames.com/liveAuctions.do
Thank you and good luck!
Meken”
I’ve seen many complaints from people who have names in various live auctions, and many of them are related to the auction house not doing a good enough job of bringing potential buyers to the auction. This seller isn’t going to simply rely on the auction house to bring a buyer for his name. He is going through his past emails, finding people who have inquired about this name in the past, and encouraging them to sign up and bid. I had sent him an email in October of 2006 when I was in the market for a 2 letter .net domain name.
I applaud Meken for not relying on Snapnames to bring potential bidders to the auction for WU.net (although with their fantastic auction inventory, I don’t think it will be a problem). I also happen to think he has a reasonable reserve price of just $10,000 for this nice domain name. I would bet that WU.net will have a new owner in a couple of weeks.
After a week’s postponement, today marks the day of the first live domain auction of 2008. DomainTools will be holding their live auction, with the hammer scheduled to come down beginning at 2pm EST. There will not be a video feed for this live auction, as there will be no bidders in attendance.
I am not a bidder in the auction, nor did I submit any names, but I will be a spectator this afternoon. DomainTools is known for their innovative technology, and they’ve made a few improvements from their last auction, including a count-down timer for each lot. This will allow bidders to see how much time remains in each auction, although they are advising bidders not to wait until the last minute in case of computer errors.
It will be interesting to see how this auction plays out. I don’t see any premium one word generic names in this auction (at any reserve level), and those have typically been used to generate publicity in other auctions. Invention.com sold for $500,000 at the last DomainTools live auction. There are many low to mid quality names at reserves between $1,000 – $5,000, which may generate some interest, but I think its going to be difficult for this auction to break 6 figures.
