Domain Auctions

Evaluating the Geo Domain Auction

I was just checking out Moniker’s tentative Geo Domain auction list on Mike’s Blog, and I think there are a few good domain names for sale at reasonable prices. Chances are good that I’ll be bidding on one or more of these domain names, but I wanted to post what I believe are the best values in the auction.
ColoradoRiver.com $25,001 – $50,000
NewRochelle.com $50,001 – $100,000
OysterBay.com $25,001 – $50,000
SanJuan.com $250,001 – $500,000
SantaClara.com $50,001 – $100,000
Secaucus.com $1 – $5,000
Versailles.com $50,001 – $100,000
My best piece of advice for anyone who is thinking about bidding is to do your due diligence and research prior to the auction. Don’t just focus on the domain name, but research the actual geographic area. Try to envision what you would build on the domain name should you win it, and determine if you will be able to turn a profit. As most geodomain owners will tell you, a geodomain needs to be developed to unlock its full value. Have a plan, and be ready to implement it if you are going to bid.
I may be bidding on one of these names, but it really depends on whether or not I think I will be able to manage another project at the moment. Once I return from my honeymoon, I will begin selling ad space in Lowell and Burbank.

.Mobi Meltdown

Jeff at DomainBits has an insightful post on his blog today.

“Here are some other interesting comparisons: mortgage.net sold in 2006 for $149K versus mortgage.mobi for $18K now. Sales.us sold in 2006 for $8K versus sales.mobi for $10.5K – yes, that’s right – .mobi is only doing slightly better than the anemic .us market was doing two years ago. Films.tv sold last year for $8,600 versus films.mobi for 10K now. Boats.org sold two years ago for $50,249 versus boats.mobi for $6K now. Forsale.org sold last year for $12K, forsale.biz sold in 2006 for $3,550, forsale.co.uk sold two years ago for $14,692 versus forsale.mobi for $5K. Show.org recently sold for $13K versus show.mobi for $5K.”

I can’t say that I disagree with him at all. Surely a warning sign to investors in alternative extensions. Personally, I would hate the be the guy who speculated on average or poor names in the $x,xxx to $xx,xxx range, because those are surely suffering in value. Check out the rest of his post when you get a chance.

Moniker Live Auction Recap

I spent this afternoon doing some work while listening to the Moniker Live auction. While I am not surprised at the results ($2.56 million in sales), I am a bit disappointed in them. I was hoping to see somewhere in the ballpark of $4-5 million in sales, assuming Israel.com didn’t sell. I realize there might be more bids in the silent auction that continues for the next several days, but I don’t think the final tally will increase substantially.
Here are a few of my opinions for the auction:

  1. Sellers still have very high expectations for their names and fairly unreasonable reserves. I think domain owners need to understand that in today’s market, buyers aren’t going to spend a ton of money on a domain name simply because it’s a great domain name. Unless a buyer has a plan for the name, chances are good that they won’t pay a premium for it.
  2. Many decent/good one worders that would have sold in the $15-30k range at past auctions didn’t sell today or sold for less today.
  3. From what I heard from a couple people in attendance, the house crowd was smaller during this auction.
  4. Non-.com extensions saw much weaker results than before. I believe names like 20.net, Garden.info, and all the .mobi names would have sold for much more a year ago.
  5. If you have a good name and set a good reserve, bidders will bid it up and set the price – just what happened in the case of PostalCodes.com.

I was expecting a weak auction, and that’s what we saw today.

Anonymity.com is Up for Auction

Anonymity.com is up for auction at Sedo, it was originally registered back in 1996 and the bid is currently at $9,100 and the reserve HAS been met.
Google returns 12.1M results for “Anonymity”, and not that I need to remind everybody, but interest/concern for privacy is on the rise.Anonymous.net sold for $35,000 on March 19th, 2008 — Don’t miss your chance to own Anonymity.com.
You have about 16 hours to bid, until when the auction is over on Saturday, May 24th at 12:58 PM EST. You can bid on the auction here.

Results of TRAFFIC East No/Low Reserve Auction

Moniker’s Low and No Reserve Auction at T.R.A.F.F.I.C. East was held Tuesday evening, and the results of the auction are here:
daycare.org – $16,500.00
refinancing.net – $8,000.00
SpaceForRent.com – $8,000.00
DietChocolate.com – $7,500.00
TreatmentProgram.com – $4,000.00
but.net – $2,900.00
period.net – $2,750.00
15yearloan.com – $2,750.00
licensedrealestatebroker.com & licensedrealestatebrokers.com – $2,200.00
semisweetchocolate.com – $2,000.00
BroadwayShows.info – $1,750.00
INVESTMENTFUNDMANAGERS.COM – $1,500.00
encyclopedias.net – $1,000.00
ForexTradingTools.com – $800.00
any.biz – $800.00
XXX.SC – $300.00
Highlights:
Total sales: $62,750
Top sale: $16,500 for DayCare.org
Percentage of names sold: 53%
The highly anticipated Moniker Live Auction will take place this Friday beginning at 2pm. If you are interested in bidding online, make sure you sign up ASAP and download the auction software.

Dedicated to the Game

Most of my friends know that I am a die-hard Red Sox fan. With the exception of the last few years, living in New York City has been somewhat difficult being a Red Sox fan, especially because I always wear a Sox cap around here. I am passionate about watching the Sox, whether on tv, online or at the game when I can get tickets. For whatever reason, I am dedicated to the Red Sox.
Much more than my dedication to the Sox, I am dedicated to my business. 99% of the time, I am working. I am constantly either locked in on my laptop or my Blackberry, and I am almost always working if I’m not sleeping. Knowing I am a Sox fan, a friend of mine in the industry invited me to his box seats to the Red Sox game yesterday – second row from the field, right above the visitor’s dugout. I kicked back, and I basically took the day off from the computer and Blackberry (I will respond to all of my emails today).
My friend, on the other hand, did not take the day off when we went to the game. He is dedicated to another game – the domain drop auction game. Unfortunately for my friend, a 3:05 afternoon start time meant there were domain auctions to be won. As soon as we got to the field, my friend whipped out his laptop ala Drew Barrymore in Fever Pitch. For most of the game, my friend was battling on his field more than the Red Sox were battling in front of us.
Some people say I am nuts for the Red Sox. I say my friend is “crazy” about the domain drop game – 🙂

BTW, still no reasonable geographic domain submissions

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