The GreatDomains auction for the month of October concluded this afternoon. In total, 25 domain names were sold in the auction for a total of nearly $100,000 USD in sales. The three largest sales in the auction were three letter .com domain names. OLI.com sold for $50,000 and represented the largest sale of the auction.
I don’t usually learn about upcoming domain name auctions from the New York Times, but I did this morning. According to an article written by Niraj Chokshi, Democracy.com is coming up for auction, and the domain name has a minimum bid of $300,000. The auction is being managed by Heritage Auctions, which has been running domain name auctions for several years.
Many years ago when I traveled less frequently than I do now, I had a routine when I got to the airport. I would visit Hudson News or whatever other newsstand was in close proximity, and I would buy a Maxim magazine and a Stuff magazine to read on the airplane. It’s been a long time since I have done that, but I can see that Maxim is still published (at least online), but Stuff is published by a different company with a different theme.
There were two high value, one word .com domain names that closed at auction this afternoon at NameJet. This is not surprising. What is surprising is that both domain names were previously registered to major corporations, and instead of taking a gain from the sale of a valuable domain name, the registrars and auction platforms were the beneficiaries rather than each of these companies.
In July, I noticed a domain name I had sold for five figures on Afternic was coming up for auction at GoDaddy Auctions. The domain name had been sold less than a year before, so it was surprising to see it had already reached expiry status. I posted a tweet mentioning that I think GoDaddy should add one year of registration after a domain name was sold via Afternic:
I sold a domain name via Afternic for 5 figures this past September, and it was in a GoDaddy Auctions expiry auction today. Registrants are responsible for renewals, but it seems like a courtesy to give an extra year.
— Elliot Silver (@DInvesting) July 16, 2019