I want to relay some NameJet news that I just received. The company is increasing the minimum bid price for pending delete domain names from $39 to $69. This change reverts back to where pricing was before the October price drop, which I previously wrote about. At the time of that announcement, the company side the reduced price was for a limited time, and it seems that time has come to an end.
Here’s the announcement that will be sent to NameJet customers this afternoon:
I received an email from NameJet’s Scott Pruitt announcing that many of the most valuable domain names that did not sell during the Right of the Dot NamesCon auction will be listed for sale again on NameJet. These re-auction names can be found on this page on NameJet’s website.
All of the domain names in this auction have reserve prices. I am not sure if any of the reserve prices were lowered following the auction, but I would not be surprised if that were the case in order to close a deal.
Listed below are the domain names that are
For a while now, I have been periodically auctioning domain names on NameJet. I like the reach of the platform in the domain investment space as well as the ability for people outside the domain business to participate. I want to share some advice about how I let end user prospects know about my NameJet auctions in case you have your own auctions.
The first thing I did was go through my leads to find prospective buyers of domain names that were up for auction. I looked through the leads generated ย via the DomainNameSales.com platform as well as the leads generated through my own landing pages. I went through each lead individually to determine which were viable and which were either junk or people I did not feel were qualified to participate.
With the viable leads in hand, I crafted an email to explain that the domain name they had an interest in buying at one point was going to auction. Because they were likely unfamiliar with NameJet, I included the following details to help them learn about the auction and NameJet:
NameJet started the year off on a strong note today with the sale of TP.com for $929,000. This was a private auction, and the seller did not have a reserve price set, which shows great confidence in the NameJet platform. Off the top of my head, this appears to be the second largest sale on NameJet, behind December’s $1.035 million sale of JG.com.
There were 340 bids from 249 bidders in the auction. There were four bidders who bid in excess of half a million dollars for the domain name.
NameJet has had success selling two letter .com domain names. Some of the platform’s past recent LL.com domain name sales include the following:
The NamesCon live auction was held yesterday afternoon, and I received the auction results from Scott Pruitt, NameJet’s Director of Marketing. Overall the live auction, was pretty successful, grossing $1,495,400 in sales. 92 of the 131 live auction listings were sold, which is a sell through rate of around 70%.
The top live auction sale was Lawn.com, which sold for $240,000. Tuscany.com was the second largest sale of the auction, closing at $157,500. Penis.com was the third largest sale of the day at $110,000. I think three of the best deals of the night were Erotica.com at $80,000, Consignment.com at $34,000, SouthAmerica.com at $30,000.
Scott had some thoughts on the biggest surprise of the night, which was the sale of the non-.com domain names:
“The biggest surprise was the success of the non-.com names offered in the auction. 36 non-.com names were sold for a total of $354,600, with an average sale price of $9,850! Some of those included 88.xyz @ $70,000, web.hosting @ $52,500, stock.photo @ $16,000, and 8.link @ $14,500. If this is any indication of things to come, 2016 may turn out be the year of the non-.com names.”
Although Monte’s prediction that this year’s NamesCon auction would set a record has not yet come to fruition, there are still many of the better domain names in a silent auction that is ongoing. I would imagine that they will move some of these domain names. I would not be shocked if the final tally is in the $3-4 million range.
The live auction results have been published below:
It looks like Monte Cahn believes the upcoming NamesCon domain name auction will be the largest domain auction of all time.
Earlier this morning, Colin Campbell, CEO and founder of the .Club Registry posted the tweet below asking if NamesCon will be the largest auction:
Will NamesCon auction be largest ever with at .com,night .club,and smart .watch set to sell? @thedomains @donutsinc pic.twitter.com/YOOV3l7Zv2
— Colin.club (@ColinDotClub) January 4, 2016
Monte Cahn responded to the question without hesitation and left no doubt about his expectations for the auction: