SnapNames and NameJet are essentially sister companies as well as competing domain name auction platforms. SnapNames is wholly owned by publicly traded Web.com, and NameJet is co-owned by Web.com and publicly traded Rightside. Both companies provide an auction venue for domain names.
I received a press release this afternoon announcing that the two companies are working together to sell LTD.com. The domain name is going to be auctioned on NameJet, and the reserve price is between $25,001 and $50,000. The domain name went on the platform today, and the final day for bidding on LTD.com will be Wednesday, December 2. At the time of publication, there are 34 bidders.
If you visit SnapNames and NameJet, you can see there is an advertising banner on both websites announcing the auction.
Because the domain name is currently registered under Whois privacy, I am not sure who owns this domain name.
The full press release is below:
SnapNames and NameJet Join Forces for Domain Name Auction
LTD.com, which is in the exceedingly valuable 3-character format, went live for auction on NameJet’s award-winning domain name auction platform at 3:00pm ET on Tuesday, October 27. The reserve for the domain name is in the mid 5 figures, and is anticipated to be met quickly.
Jonathan Tenenbaum, General Manager of NameJet, explains the decision to run a co-branded domain name auction with SnapNames: “We feel that combining the efforts of both of our teams and opening this domain name up to the public together would help us reach a huge audience of buyers.”
This is the first time that these two companies have worked together on an auction of a premium domain name, and will likely not be the last. “This is the beginning of a partnership we hope grows even more in the future,” explains Michael White, Vice President of Operations for SnapNames. The two companies are already in talks to continue running co-promoted auctions throughout the rest of 2015 and into 2016.
LTD.com seemed like the perfect name for the companies to market together, as its value is estimated to be over $350,000 and falls into the 3-character category of names that are so coveted by domain buyers. The name itself conveys value and exclusivity, and the winner of this name will gain entry into the exclusive club of 3-character domain name owners.
The auction will run until Wednesday, December 2 at approximately 3pm ET. Interested buyers who currently do not have an account with NameJet will be required to create one in order to place a bid. You can find the domain auction here, or through promotional links on the SnapNames.com and NameJet.com home pages.
About NameJet
NameJet, LLC, a joint venture between eNom, Inc., a subsidiary of Rightside (NASDAQ: NAME) and Network Solutions, LLC, a subsidiary Web.com (NASDAQ: WWWW), is the world’s leading domain name auction platform. Launched in 2007, NameJet has since processed more than 200,000 domain auctions on its award-winning and easy-to-use website. With an exclusive inventory of expired and deleted domains from several of the largest registrars, plus top-quality premium name listings and drop-catching services, NameJet is the industry’s most trusted auction and aftermarket services provider.
About Snapnames
SnapNames is the web’s domain name marketplace of choice throughout the world. We pioneered the first commercially available and patented technology for backordering registered domain names with our patented ‘drop catching’ technology. Together with our partners and award-winning platform, we offer a selection of over 30 million domain names annually at price points to meet any budget. Our goal – to help our global customers get the domain name they want, when they need it! SnapNames is a Web.com company (NASDAQ: WWWW).
With this type of partnership between top industry players, we should expect a big bang auction.
Sold for $ 184,000.00 USD. A good catch, don’t you find? Will .ltd be any better for this price?