And So It Begins: Slots.Co Returns To Auction

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I just got the notice today that the domain name Slots.co is returning to auction due to what appears to be a non-paying bidder.

“”Good news!  The auction for the CO domain slots.co has been rescheduled.”

“The original auction was either canceled or completed with no successful winner.”

“As a valid auction participant, you are eligible to participate in this re-auction.  If you have previously activated your CoAuctions account then you simply need to login to see your upcoming auction. ”

“The auction for slots.co will start on 10/27/2010 and is scheduled to run for seven (7) days as did previous auctions.”

Well we know that Slots.co sold for $41K back on around 9/11, so it wasn’t that the original auction was “canceled or completed with no successful winner”

It appears the original “winner” is actually a loser and failed to pay for this domain.

I got 2 other notices today for adult .Co domains that apparently have non-paying winners.

Still 3 non-payers is not bad for the 50 or so auctions I was involved with.

If you were involved in any .Co auctions and got notices of the re-auctioning of the domains let us know

Filed Under: .CO

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  1. em says

    So MHB…do you expect the price to be higher or lower this time round? I reckon it spins for around $65,000 which would surpass Denver.co.

  2. Domo Sapiens says

    Sedo: Where are the “Good News”…?
    Are you kidding me?

    If you can’t dazzle them with brilliance, baffle them with bull Crap.

  4. em says

    Technically there was no “successful” winner because of the default payment. A successful winner would necessitate the payment having gone through.

  5. Einstein says

    MHB, please ban forever spammers like that idiot on post #1 that wants to sell a stupid name for $16,000,001. It’s annoying

  7. David says

    I think the Traffic Miami’s Live and Extended Auction may either make it or break it for .co’s. dont get me wrong I want .co to do awesome becasue I own about 50 of them. I am a little worried that if this auction does not go well then people will start to lose interest in .co
    Dave

  11. Charles says

    I don’t think too much weight should be placed on the results or performance of .co domains in the TRAFFIC auctions at this stage. It’s still too early.

    Most sellers have set what they consider fair reserve prices. To outsiders and those that did not get in during the launch of .co these reserves will be perceived as being too high.

    Sure, in the short term, if limited .cos sell in the upcoming auction, this may impact on the short term perceived value of .co by domainers.

    However ultimately, as has already been suggested, the future value of .co will be determined by end users developing in the .co space, not the short-term speculation on .co by domainers.

    Everyone, even the detractors, have to admit that the initial launch of .co has been a huge success, and that this has created a fantastic platform and potential for the future value and development of the .co space, for domainers and developers alike.

    TRAFFIC can at this stage only be considered an indicator, not a make or break of the extension.

  12. Domo Sapiens says

    “Everyone, even the detractors, have to admit that the initial launch of .co has been a huge success, and that this has created a fantastic platform and potential for the future value and development of the .co space, for domainers and developers alike.”

    Certainly… the Best most succesful “talked about” entertaining launch ever (in proprotion) hats off to everybody involved, this launch IMO will serve as a “model” for the upcoming New TLD’s …

    however I don’t agree that has created a ” thing ” other than more smoke …nothing kills the potential for a new extension than the best domains falling in the hands of domainers. (Flippers, Greater fool players, Speculators).

    When… if anybody has the guts to actually factually $eriou$ly develop and advertise a “blue Chip” .co the bleeding to the .com will be of biblical proportions.
    BTW: Spanish speculators have already shunned the extension.
    Cheers.

  13. Jason says

    “BTW: Spanish speculators have already shunned the extension.”

    Because they got priced out! And because some of them couldn’t believe it was happening in their own back yard. They got steamrolled by the big players. Sorry, it’s the hard truth.

    “It doesn’t matter if domainers lose interest in dot co. It only matters how the end user sees it. So far they seem to like dot co.”

    Totally agree. The TRAFFIC auction or the landrush auctions mean nothing long term.

  14. Domo Sapiens says

    Jason:
    what part of :
    vuelo.co FLIGHT max bid 350 euros (3 bidders)
    creditos.co LOANS max bid 305 euros (3 bidders inc moi)
    as recent as last week at Sedo

    Is hard to comprehend?

  15. Website Guide says

    I hope that .co will really take off in the next few years. It would be nice to see some real competition with .com and be able to get some decent brandable domain names.