Nice 10x on a .CO Auction Win

If you pick the right domain names and win the auction for the right amount, there is still plenty of money to be made from expired/deleted domain names. Adam Maysonet illustrated this by sharing the results of a recent sale he made on Afternic:

Adam bought Spend.CO for just shy of $1,000. Using the Whois History tool at DomainTools, it would appear that Adam won the domain name in a Sav.com drop catch auction. He then listed the domain name for sale for $12,995 on Afternic, and someone bought it.

Assuming a 20% commission that would take about $2,500 from the gross sale price, that’s more than a 10x return on his investment. Not too shabby for a short-term hold.

Notably, Spend.com also recently sold in a drop catch auction. Spend.com sold for $802,500 a little over a month ago.

Expiry and drop catch auctions can be super competitive. Many top tier domain names sell in auction for what seem like retail pricing despite being acquired by domain investors.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn

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