I think the NamesCon domain auction being held on NameJet has the potential to be big. There are many awesome names up for sale and it seems like most of those already have bids. As of right now, there are several million in bids placed, although only one auction with a reserve price north of $10k has hit its reserve. There are several no reserve auctions above $10k though.
Monte Cahn, a co-founder of Right of the Dot, is one of the organizers of this year’s auction. In a tweet on Monday, he said that he believes the NamesCon auction is going to set a record for the largest domain name auction (beating the $12.3 million high water market set at TRAFFIC 2007).
I think there is a very good chance of that happening based on the caliber of domain names up for auction and the current market conditions. I would not place a bet on it happening, but I would not be surprised if this auction surpasses the TRAFFIC 2007 auction. If the auction does set a record, I think it will be a good indicator of a good year for domain investors who actively sell domain names.
I am curious if you think the NamesCon 2016 auction will set a record. Vote in the poll below and feel free to comment: