Bitcoins.com Auction Postponed

Elliot Silver
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I just received word that the Bitcoins.com auction  at Heritage Auctions scheduled for tomorrow has been canceled reportedly due to the legal proceeding involving Mt. Gox. Coindesk has the full story sharing this news.

I would think this news must be upsetting to Heritage Auctions. The company has spent quite a bit of time (and presumably money) promoting the auction, and I believe the Bitcoins.com domain name is/was the marquee domain name up for sale.  I reached out to Aron Meystedt, Director of the  Intellectual Property Department at Heritage Auctions, and he said that he could not comment on the situation.

All does not appear to be lost for HA though. According to Meystedt, “Once the legal issues are resolved we will attempt to sell this domain name privately.” When I learn about the Bitcoins.com auction in the future, I will keep you posted.

The rest of the auction is going ahead, as planned tomorrow at 1pm Central time. Digital.com has met its reserve at $200,000. You can see the full list of domain names coming up at auction on HA.com.

Three Domain Auctions Ending Soon

Elliot Silver
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There are three domain name auction events currently accepting bids that are ending soon. Sedo is running its monthly Great Domains auction, Snapnames is running its Summer auction, and Heritage Auctions is running its big live auction with some high profile domain names up for sale.

I thought I would share a list of 5 domain names from each auction that is ending on July 24th. I do not have any domain names listed in any of these auctions, and I didn’t do a Whois search to see if I know any of the names mentioned below.

What domain names do you like from these upcoming auctions?

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Change to GoDaddy Auctions Time Extension

Elliot Silver
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I want to pass along a change that is being made at GoDaddy Auctions that might have an impact on your bidding strategy. Here’s the message I received from my account manager at GoDaddy this afternoon:

“As it stands now, any bid that is placed in the last 5 minutes of an auction auto-extends the auction by 5 minutes. This will change to auto-extend to only 1 minute, and a maximum time of 5 minutes 59 seconds (5:59). For example, if you place a bid on an auction that has 4:30 left, it will auto-extend this auction to 5:30.”

“Also as it stands now, any increase of a winners proxy bid amount counts as a new bid and extends the time, this will be fixed to only extend when current price changes.”

Although this change may not seem major, it will have an impact on those who participate in domain name auctions at GoDaddy.

At What Price Will Bitcoins.com Sell? (Poll)

Elliot Silver
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Yesterday afternoon, I reported that Heritage Auctions will be selling the Bitcoins.com domain name on behalf of Mark Karples, founder of Mt. Gox bitcoin exchange. The auction will take place on July 24th, and it can be found on HA.com. The official reserve price will be revealed by HA on July 17th, but Aron Meystedt of Heritage Auctions informed me that “the reserve is between $500K and $1MM.”

I am curious about the price at which you think this domain name will sell. There have been some solid Bitcoin and cryptocurrency-related domain name sales in the last year, and some might say that Bitcoins.com is the best domain name for a company involved in the Bitcoin space.

I posted this poll below to get your take on the sale price for the Bitcoins.com domain name:


HilcoDomains.com Auction Platform Set to Launch

Elliot Silver
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Hilco DomainsHilco Streambank is launching an auction platform on HilcoDomains.com  that will be used exclusively for the domain name assets the company represents. The company will focus on holding high value premium domain auctions, and it plans to hold them on a regular basis. I am told the company does not expect to have non-premium domain names on auction unless they are directly related to the premium domain names.

Although Hilco Streambank’s domain auction group is primarily known for auctioning domain names that are involved in bankruptcy proceedings, the company is expanding its reach. Going forward, auctions on HilcoDomains.com may not involve distressed domain name assets. As such, the bidding rules for each auction may be different depending on the needs and requirements of the individual sellers.

The first domain names that will be up for auction on HilcoDomains.com include LOA.com, Essentials.com and Essential.com. These auctions will open for bids at the end of the month. Here’s how to

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Bitcoins.com Up for Auction at Heritage Auctions

Elliot Silver
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Heritage Auctions is gearing up for its third domain name auction, and the company announced the inventory for it this afternoon. In my opinion, the company will be selling its highest value domain name to date: Bitcoins.com.  The auction will be held online on July 24, 2014.

According to the press release  (which I included below the list of domain names for sale), “The URL Bitcoins.com will hit the auction block on July 24, 2014, as Part of Heritage Auctions’ Domain Names & Intellectual Property Auction, sold by Mark Karpeles, the controversial founder of the failed Bitcoin exchange Mt. Gox, and is expected to bring more than $750,000.”

In May of this year, the Wall St. Journal reported that the sale of Bitcoins.com was possible. At that time, I speculated that the auction of Bitcoins.com and related trademarks could fetch 7 figures, and I wouldn’t be surprised if the domain name alone sells for 7 figures at auction. I have been told that the Heritage Auctions domain auction is for Bitcoins.com without any trademarks.

Some of the other exceptional domain names at auction include OklahomaCity.com, SEM.com, Cute.com, and Rides.com. Reserve prices for the auctions will be revealed one week prior to the auction.  Bidders may place bids online prior to the July 24th auction.

Heritage Auctions July 24th inventory:

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