The Millionaires.com domain name was up for auction today on NameJet. The auction had a reserve price between $10,001 – $25,000, and it easily surpassed its reserve price. Millionaires.com sold for $127,222. There were 198 bids placed from 185 bidders.
Towards the end of 2017, I noticed the Tile.com domain name changed hands. The Tile app upgraded to Tile.com, and the domain name continues to forward to the company’s website, TheTileApp.com. The Tile.com domain name had long been owned by Digimedia, and the company has a policy of not reporting sales or commenting about sale prices.
This afternoon, I was looking through some SEC filings, and I may have come across the sale price for the Tile.com domain name. The filing was a SEC Form 10 registration statement from Life360, Inc. Life360 acquired the Tile brand in 2021. The Form 10 filing was made in April of 2022. Notably, a large domain name acquisition was mentioned:
As a domain name buyer, one of the toughest replies to respond to is when someone tells me “we need at least $X to sell the domain name.” It makes it seem like the domain registrant is seeking $X for the domain name, but that is not the case. If I increase my offer to $X, there is a strong likelihood they will reject the offer and try to get a better offer. This is probably a good move from their end, but it’s annoying to me as a buyer.
One of the things I like about using Dan.com to sell domain names is its automated transfer process. When I sell a domain name via Dan, they immediately asked me if I would like to push the domain name to their account at GoDaddy or send them the authorization code for an outbound transfer to their preferred registrar. It helps expedite transfers and deal closings since we don’t have to wait for a transfer agent to start the transfer manually.
Occasionally when I select the transfer option, instead of initiating the transfer to its preferred registrar, Dan will send the authorization code to the buyer who has already paid. In doing this, the buyer needs to start the transfer process on his or her own rather than having Dan start the transfer. This can cause a bit of lag time if the buyer is slow to initiate the transfer.
In December of 2021, Swetha Yenugula reported the sale of TipTop.xyz. The domain name was sold for $15,000 in a deal brokered by Lumis and closed via Escrow.com.
@xyz sales this weekhttps://t.co/uA2u1Cojyv sold for $15000 @Escrow_com / @lumis_com https://t.co/GBVaBNeSc6 sold for $14888 @afternic https://t.co/5ZKm33RpAk sold for $2995 @afternic https://t.co/obRGPwurAj sold for $1995 @afternic
— Swetha.xyz (@DomainNameGear) December 30, 2021
After a long and sometimes contentious negotiation to sell a domain name via Dan.com, it can be a bit of relief to receive the “Counter offer accepted” email. This email indicates that the buyer accepted the counter offer price, and the domain name is now pending sale. It’s not yet time to open the champagne and light a cigar though.
Getting a buyer to follow through with the deal and pay for a domain name is an important next step that can be stressful. It can take some time for a buyer to submit payment, particularly for a large amount of money or if the buyer is from a large company that has some internal red tape for payment submission. it can also take some time for Dan.com to process a payment, particularly if a wire transfer payment is originated from a foreign bank.
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