When I was following the end of the DropCatch auction of Spend.com, I was unable to visit the landing page due to a website error. Observing the auction from the homepage, bidding had surpassed $700,000, and it appeared to be closing at $702,500 with more than 300 bids placed.
Due to the technical errors that were plaguing the platform, the auction was extended by 24 hours. In fact, there’s a message on top of the website stating “We are currently addressing issues with auctions ending today and will be extending those auctions.”
This is not the first instance of these kinds of errors on the platform. I wrote about the “Uknown Error” issue on Tuesday morning when I couldn’t place backorders for domain names that were in pending delete. That issue was fixed shortly after I published my article.
Since the extension of the Spend.com auction, more bids have been placed. The high bid currently stands at $762,500. With just over 23 hours to go, this auction has already surpassed the highest DropCatch auction in history – Lian.com, which sold for $220,950 in 2016.
Spend.com has an interesting history. As I wrote on Sunday, the Spend.com domain name sold for $77,000 in 2007 and $270,000 in 2017. Easy to spell and meaningful one word .com domain names like these have taken off in value over the past few years. I will keep an eye on the auction when it concludes tomorrow.
1.23 Update:
The Spend.com auction at DropCatch.com closed today with a high bid of $802,500. The winning bidder nickname was “Sharma.”
They need to.get spent.com too
Same tone on the radio test
Dropcatch continues to dominate!