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Domain Market Resting

With the most recent TRAFFIC auction not performing up to my expectations considering the quality of the domain names at auction, I think the premium domain sales market is taking a temporary breather. Sellers still have high expectations for their domain names and buyers are reluctant to pay those prices, causing a stalemate. While there are still areas of growth persevering in niche markets, the overall market is resting.
Previously, domain owners could expect their premium domain names would sell for anywhere from wholesale to end-user prices at an industry conference live auction, but that hasn’t been the case for the past two main industry events. In many cases, buyers aren’t willing to pay the premium asking prices right now, and the sellers are reluctant to lower their reserve prices, causing a stalemate in the market. While this might be a cause for concern for those who are heavily invested in domain names, it could develop into a good buying opportunity, so liquidity is important.
While $10 million in domain sales

TRAFFIC Live Auction Nets $4.3 million

I don’t think the results were particularly strong for tonight’s TRAFFIC West auction in Las Vegas, but it resulted in $4.3 million in domain sales. There were some great names up for auction, but in the end, most of them didn’t end up selling.
The silent auction continues for the next few days, and the names that didn’t sell will be available to purchase. The full auction sales list can be found at TheDomains.com.

Whizzbang's TRAFFIC Presentations

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If you are like me, you wish you could have been at the TRAFFIC conference in Vegas, but due to other circumstances (final stages of development for me), you couldn’t make it to Vegas. Michael Gilmour was kind enough to make his TRAFFIC presentations available for those of us who couldn’t attend the conference. If you have a chance today, I recommend downloading his presentations from his blog. Michael is a numbers guy and really knows the business well.

TRAFFIC Auction Bummer

I found a few names in tomorrow’s live TRAFFIC auction that I like, but apparently I won’t be able to bid on them online since I have a Mac Book with a Leopard OS. According to the Snapnames website’s online bidding requirements:

Live Auction Software Requirements
Microsoft Windows operating system
Audio output
Internet Explorer 6.0 (or newer) or Firefox 2.0 (or newer)

Kind of a bummer, but no big deal I suppose.   Guess I should have thought about this earlier!

Results of Moniker No/Low Reserve Auction

Thanks to Mike at TheDomains.com for providing the results of yesterday’s auction at TRAFFIC. The Moniker No/Low Reserve Auction is the precursor to Wednesday’s highly anticipated live auction, and it netted $190,000.
The results of the auction can be seen at TheDomains.com.

TRAFFIC Australia Website Launched

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The website for the TRAFFIC conference in Australia was officially launched a couple of days ago, so if you are thinking about attending, now might be a good time to make your travel plans.   The conference runs from November 18-20, and it’s the first TRAFFIC conference not being held in the US. The Australian conference is being sponsored by Australia-based Fabulous.com, also a generous sponsor of this blog.
I haven’t decided if I can attend because my wedding and honeymoon are   just before the conference, but I will make up my mind in the next few weeks. I think this would be a great opportunity to travel to Australia to meet some Aussie domain investors like like Ed and Chris.
One thing is for sure though – I am sure the Tim Tams taste much better over there than they do over here!

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