Thought Convergence

One thing I find frustrating after live domain auctions is the time it can take to get updates from the auction house on payments and/or domain transfers.

It’s not unusual to see transactions reported in DNJournal 2, 3, and 4 months after the auction closed. I know it’s not always the fault of the auction house, but it can be annoying. especially on large sales when cashflow is important.

This does not appear to be the case with Aftermarket.com, the company that just concluded its Domain Rountable conference auction, grossing roughly $200,000.

In the DRT live auction, my company sold HorseStable.com and HorseCorrals.com. Although I didn’t get as much as I hoped, the pair of domain names did sell. I was hoping for $4,000+ but I realize these are not necessarily names for domain investors, so likely my bad for not finding end user buyers.

Within a day after the conclusion of the auction, I had an email from Aftermarket.com.  The email had all the information I needed to push my domain name to the Aftermarket.com escrow account at Moniker, and it also informed me that a transfer had been initiated at Network Solutions for the other domain name. In under 12 hours, Aftermarket.com took possession of the two domain names.

The Aftermarket.com auction was captained by Omar Kubba, brother of Ammar Kubba, whose company operates Aftermarket.com. If it wasn’t for Omar’s unsolicited email a few weeks ago, I probably wouldn’t have even submitted these two names for the auction. From the opinion of an outsider, Omar has managed the auction quite well, and I want to him praise for his efforts.

Assuming the buyer makes a timely payment, the auction should be squared away very quickly.

I don’t generally auction my names because of the significant exclusivity periods and long waiting time between auction and payment, but Aftermarket.com’s auction (from an operation point of view) has been one of the best run in quite some time.