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Sedo’s .CO Auction for Startups Closing

The .CO Registry is running a special auction targeting start up companies as part of  Global Entrepreneur Week. According to the auction announcement, “the domain names selected for the auction are all short, unique and memorable, with high branding potential for those seeking to launch or grow their business, brand, product or service online.”

The auctions begin closing at noon (eastern) today, and the reserve prices range from $500-999 to $10,000-$24,999. Out of the 164 domain names in the auction, 67 of them have bids, although most seem to be below reserve at the moment.

My 5 favorite domain names (based on the target startup audience):

Sedo Reminder Email is a Bit Confusing

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About a week ago, I placed a $1,750 bid on a domain name via Sedo, and the owner sent a counter offer. The name had been listed for a BIN price of my offer, and was changed just prior to my bid, so I wasn’t interested in paying more, and I didn’t bother to check the counter offer.

Yesterday, I received an email from Sedo that was confusing to me. The email read:

Dear Elliot Silver,

We write to remind you of the offer of 23000 $US that was recently submitted for domain [redacted].

Please login to your Sedo account to negotiate or complete the sale.
Please don’t delay; offers are only binding for seven days.”

When I first read the email, I thought it was a phishing attempt because it didn’t read very well. I know Sedo is based in Germany, but when targeting the US market, the company should consider having one of its US-based staff pen the email. It might seem silly, but $US is not commonly written, so that also threw me off.

In addition to the grammar issues, the email was a bit confusing to me, possibly because I didn’t know about the $23,000 counter offer. In my opinion, it would have been more clear if the email mentioned it was a counter offer.

My suggestion would be to send this: “We write to remind you of the counter offer of $xx,xxx that was recently submitted for [domain name].”

I appreciate the fact that Sedo has added the amount to the email, but I think the wording needs to be changed.

Sedo Releases Q3 2012 Market Report

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Sedo  released its Q3 2012 domain market study this morning, and as usual, it’s filled with interesting insight from the company. Because Sedo probably sells the highest volume of aftermarket domain names, the information shared is fairly indicative  of the health of the domain market.

I want to share some highlights from the market study (also called the market report), and you can download the pdf on Sedo’s website  to read the report in its entirety.

Q3 2012 Market Study highlights:

WebHosting.co.uk Sells for Half a Million USD

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Sedo domain broker Dave Evanson just announced a big sale on his Twitter and Facebook accounts. According to Evanson, WebHosting.co.uk sold for $500,000 USD. It does not appear that the domain name has been transferred to a new owner yet.

Although the domain name is not currently resolving, it appears to have been an active site. Screenshots.com provides a view of the site from as recently as July.

According to the year to date domain sales chart maintained by DNJournal, this sale is the largest ccTLD sale of 2012 by a wide margin. The second highest sale was for just under $200,000.

It’s interesting that a buyer spent half a million dollars on a .co.uk domain name considering the Nominet proposal to introduce .uk domain names to the marketplace. Edwin Hayward discussed the perils of this proposal in a guest post on my blog yesterday.

October Great Domains Auction Results

The Great Domains auction for October ended yesterday afternoon, and the sales results are listed below. Many of the buyers have not paid yet, so these are reported sales rather than final sales. Once buyers pay, Sedo will report the sales below in its weekly sales report.

Although well over 100 auctions received bids, 41 actually hit the reserve price and sold. The auction netted over $150k in domain sales.

October Great Domains auction results:

pathology.com 31500 $US
prescriptionsunglasses.com 20000 $US
possum.com 18250 $US
chinafashion.com 13100 $US
arithmetic.com 9900 $US
kousen.nl 9000 EUR
satay.com 6211 $US
hypotheekadviseurs.nl 5500 EUR
premi.it 5200 EUR
irlanda.com 4999 EUR

Great Domains Auction Ending Soon

Sedo’s October Great Domains auction is ending very soon, and a large percentage of domain names currently have bids. Out of the 244 auction lots, a total of 126 already have bids, although many have not yet met the reserve price.

The auctions begin closing within the hour (noon Eastern), so if you’re interested in seeing what’s for sale, or if you want to place any bids, you should head over to the auction ASAP.

Listed below are the domain names with the highest current bids:

  • Pathology.com – $25,500 bid ($10,000 – $24,999 reserve)
  • Pug.com – $25,000 bid ($25,000 – $49,999 reserve)
  • PrescriptionSunglasses.com – $1,000 – $4,999 reserve)
  • Possum.com – $14,944 bid ($1,000 – $4,999 reserve)
  • Valuable.com – $12,000 bid ($50,000 – $99,999 reserve)

There seems to be a huge mix of domain names in the auction, including ccTLDs from several countries.

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