Social.org Auction Back on NameJet

In March, Social.org sold for well over $200,000 on NameJet. Unfortunately for the seller and NameJet, the winning bidder failed to pay, and his account was suspended. I didn’t receive confirmation, but it would seem that the underbidders did not opt to move forward at their high bids either.

NameJet has re-scheduled the auction for Social.org, and the current high bid is $7,501. There are almost 350 bidders involved in the auction, many of whom presumably didn’t delete the name from their backorders and were re-entered after the first auction closed. The name will go to auction in a little over 16 days from today.

The lost sale is a bummer for a number of reasons, but one of the biggest issues is that there was considerable publicity for the auction, and the second time around will probably see much less coverage. It’s too bad the owner couldn’t (or didn’t) go after the person who placed the winning bid. Perhaps he could go after him legally if the second auction ends at a lower price than the first auction.

Hopefully there will be a better bidder verification system in place for this auction.

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

6 COMMENTS

  1. “I didn’t receive confirmation, but it would seem that the underbidders did not opt to move forward at their high bids either.”

    I do not find the winning bid not paying all that odd, it happens. At this level of pricing though for the following bidders to not have had “real” interest either it makes you wonder. We are either looking at a system which is A)Down right shady B)The seller had multiple fake bids going or C)It is simply a case where several bidders who lost had no desire to buy the name after the fact for REAL!

    Now maybe it is just me but I generally do not throw around 6 figure offers or bids unless I REALLY want the name.

  2. If the second auction result means my prediction, in your competition, was closest to the final winning price I will sue you in court Elliot for my prize.

    Just saying 😉

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Posts

Escrow.com: 2025 Master of Domains

0
Escrow.com announced the winners of its 2025 Master of Domains awards. The awards are typically given out during NamesCon, but the conference isn't being...

Odyssey.com is Braden Pollock’s Largest Domain Name Sale

0
Andrew Miller from Hilco Digital Assets announced that his company oversaw the sale of Odyssey.com on behalf of Braden Pollock. According to the LinkedIn...

$50k .AI Sale is Now Just Noteworthy

3
Tim Hargis alerted me to a LinkedIn post by Kushal Byatnal announcing that his company, Extend, had acquired the Extend.ai domain name for $50,000....

How I Choose LTO Length

2
I've been a big fan of lease to own deals for quite some time. Before Dan.com existed, I had several LTO deals, but they...

Kickstart Acquires Kickstart.com

1
Rob Schutz, who made an Ask Me Anything appearance with the ICA yesterday, announced the Kickstart.com domain name was acquired by a company called...