As I shared a couple of week ago, Right of the Dot (ROTD) is hosting a live domain name auction with well-known auctioneer Wayne Wheat at the helm. The live portion of the auction will be held on February 25, 2021 at 12:00 PM CST. Bidding will be hosted on the HiBid auction platform.
According to a LinkedIn post by ROTD founder Monte Cahn, the domain names in the auction are now listed on the HiBid platform, and bidding has opened:
There are some exceptional domain names listed for sale in the auction. For instance, a handful of the domain names that stand out to me include:
One thing I noticed is that reserve prices are not listed. You can tell if a domain name has a reserve price, but the reserve ranges are not listed. I asked Monte about this, and he told me he is not sure the reserves will be posted. As a prospective bidder, I hope reserves are added because I don’t want to waste my time waiting for an auction, bidding what I believe to be a reasonable amount, only to learn I was not even close to the reserve (assuming Monte calls after the auction to try and close a deal).
Notably, the auctions will have a 1.5% Buyers Premium on all sales. While a buyers premium is very common for other types of auctions, I don’t recall seeing one on a domain name auction in several years. I think it is a good idea that this was kept at a minimal number so there are no surprises at closing.
If you are interested in bidding on any of these auctions and have not participated in an auction on the HiBid platform, you should take some time to register and understand how the platform works.