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Sedo’s Great Domains July Auction Results

Elliot Silver
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Sedo’s Great Domains auction for the month of July ended yesterday afternoon, and I published the list of sales below. The largest sale was for rechtsanwälte.de, which sold for 14999 EUR, which is about $16,436.43 USD at today’s exchange rate. I did a Google search, and it looks like the German word “rechtsanwälte” means attorney or lawyer in English, which helps to explain the value of the domain name.

Interestingly, of the 13 domain names that sold in the auction, 6 of them are .DE ccTLD domain names. Also interestingly, only 5 of the 13 domain names that sold were .com domain names. I don’t recall seeing an auction like this with fewer than half of the sales being .com.

Keep in mind that

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Sedo Provides Final Update on Autism.Rocks Discussion

Elliot Silver
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Following the sale of Autism.Rocks, there was an issue between the seller of the domain name and Sedo. Shortly after the conclusion of the sale, Sedo commented on the situation, stating in part, “We are in direct contact with the seller and together we are going to analyze the process on potential mistakes and how to proceed.”  In addition, the company stated, “Again, we are in contact with the seller and hope to sort out the situation.”

I just received an updated statement from Sedo regarding the situation, which I have shared in its entirety:

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Great Meetup in Boston Last Night

Elliot Silver
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I want to thank the people who turned out for the domain investor meetup in Boston last night. I especially appreciate the people who came from out of town for the event – as far away as Missouri, Iowa, and  New York. In addition to having a great time networking, the event raised about $1,200 for Dana-Farber Cancer Institute via my Pan-Mass Challenge fundraising.

Bill’s Bar on Lansdowne Street played host to the event, and they basically gave us the entire restaurant to walk around and chat. Because it was a fundraising event for Dana-Farber Cancer Institute, they also were nice enough to give us  a ton of appetizers to eat during the event at no cost. Bill’s Bar is located right behind Fenway Park, and it is my go to spot for dinner before Red Sox games. I sincerely appreciate their hosting the event.

I want to give a very big thank you to Sedo for sponsoring the event and paying for the open bar for all event attendees. Sedo also had a  large employee turnout, and I was able to meet quite a few people I had not  met previously and re-connect with people I see occasionally. In addition to this, Sedo also made a generous donation to Dana Farber to help me reach my fundraising goal. Thank you, Sedo!

All around, it was a really good time last night, and I appreciate those who came out for networking and fundraising!

Here are some photos of the event, via Sedo’s Twitter feed:

Sedo’s June Great Domains Auction Results

Elliot Silver
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Sedo’s June monthly Great Domains auction concluded yesterday, and the results of the auction are listed below. There were quite a few good three letter .com domain names listed for sale in the auction. As you can see, only one of those domain names met the reserve and sold.

YVY.com was the largest sale of the auction, closing at 14,000 EUR (approximately $15,682 USD). There were solid bids on some of the other LLL .com domain names that didn’t hit reserve, so perhaps we will see some of those deals close post-auction. There is an eclectic mix of domain names and extensions in this list of sales.

Because the Great Domains auction concluded yesterday, these sales most likely have not yet closed (paid/transferred). Sedo will report the closed sales in its weekly sales report once the deals are done.

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Autism.Rocks Sale: Sedo Responds to Comments

Elliot Silver
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I want to share an official statement from Sedo in response to some of the comments the seller of Autism.Rocks made following the sale of Autism.Rocks for $100,000. The company noted that the delay in response is because most of the Sedo management team  is attending  the ICANN meeting in Buenos Aires right now.

Based on what Sedo shared below, it is difficult to blame the company for the situation.  Had the seller chosen the Domain Transfer Service (escrow) option, the cost would have been 3% of the total sale price ($3,000). It appears the seller  created a marketplace listing instead, and when the buyer agreed to purchase the domain name that way, the much higher sale  commission was applied. You can view the price list to see the options available to Sedo customers.

Here is the company’s statement:

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Some People Will Pay More for Comfort

Elliot Silver
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I don’t know the exact details about the Autism.Rocks sale aside from the seller’s comments, but  I want to discuss why a buyer / seller would choose to use a more expensive service when there are reputable, less expensive options available.

I have had situations where a buyer or seller would only use Sedo to transact, even though it might be cheaper elsewhere. Late last year, I had privately agreed to buy a domain name. The seller’s one  term was that we needed to use Sedo or Afternic to transact, despite the fact that the domain name was not listed on either platform and the deal was struck in private. It was strange, but I agreed to pay the higher escrow cost simply  to get the deal done. Unfortunately, the buyer ended up getting cold feet and didn’t close.

There are several reasons why a buyer or a seller would want to use Sedo or Afternic to transact on deals struck in private, even at a higher cost than a straight up escrow service like Escrow.com. I have dealt with a few of these situations over the years, and I want to share some of the reasons I have encountered or assume would be a reason:

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