Two more big sales on some killer non-.com domain names on NameJet.com today.
The Category killer HealthCare.net sold for an even $50K right at the reserve price.
There were 4 bidders for the domain over $10K including the bidder with the ID of Beach1 which won the auction for Copy.com yesterday.
HealthCare.net winning bidder was “guamia”
GiftCards.Org another really nice domain, sold for $45,700, in an auction that had 3 bidders over $44k including Beach1, however the auction winner was “pertevniyal”.
A few other auctions NameJet.com auctions:
televisiononline.com sold for $5K
babysoap.com and celebritysunglasses.com sold for $3,600 each.
Namejet should open a market place LOL
cloudsoap is open…this is to wash the cloud off with soap.
BTW, dot com is KING.
I can’t believe the prices that NameJet gets! If you have the ability to sell on NameJet for a 10% commission then I can’t see you loosing money by just buying from Godaddy and reflipping on Namejet.
I don’t understand how a market can handle such a large discrepancy in prices. Domain X is worth .80 on ebay, 1$ on Godaddy, $1.15 on Snap Names and $1.50 on NameJet? Is anyone else as confused as I am by it?
GiftCards.Org another really nice domain, sold for $45,700, in an auction that had 3 bidders over $44k including Beach1, however the auction winner was “pertevniyal”.
Pertevniyal, winner of OrangeJuice.com as well… Remember?
Ben
Nope but I’ll take your word for it
The Dept of Justice, FBI, and the Domain Police need to investigate who are the “buyers” of these domain names esp at Afterinc.
Are they related to the “company” or being “hired” to someone from far places to make the sale as sold but NO MONEY CHANGE HAND.????
I believe they are real buyers, seems most times people with money at their disposal care little about value.
Yes, I do not see how they get such high prices sometimes either.
“I believe they are real buyers, seems most times people with money at their disposal care little about value”
Obviously, their value of the name is different than yours, hence they are the buyers.
but both already exist as .com working .com sites (that may sue them, I suppose)
“but both already exist as .com working .com sites (that may sue them, I suppose)”
The are both ridiculously generic terms, with obvious generic uses.
You can’t own a popular term like that for the obvious commercial usage.
Brad
“The are both ridiculously generic terms, with obvious generic uses.
You can’t own a popular term like that for the obvious commercial usage.”
like… Face+Book or the very common and generic fruit called “Apple” 🙂
“I don’t understand how a market can handle such a large discrepancy in prices. Domain X is worth .80 on ebay, 1$ on Godaddy, $1.15 on Snap Names and $1.50 on NameJet?”
The more junk a person has to sort through to find a gem (and/or the more transactions that are shady) the fewer bidders there will be. Some of these auctions go up 50% or 300% based on the competition of the last 2 bidders.
Miss one or two of those key bidders and the price is drastically different.
This is no different than when I sold baseball cards in high school. I would organize them by player and sell them flat rate and move a bunch of them. Whereas some other people selling cards would have them in a bargain box where you would have to dig through them. The person digging around & hunting gets a discount for having to put in the extra effort…just like a domain buyer on eBay sorting through a lot of awful deals to find 1 good one gets a lower price than the people buying at NameJet.
The litmus test of authenticity of bidders is generally if someone is paying an irrational price from a domaining perspective I would expect to see a developed site or a defensive registration redirecting through to the original site at some point…whereas if the nameservers never really change (and especially if the whois never changes) then it is more likely to be shill bidding stuff.
I remember on AfterNic about 3 years ago I almost won a name at a reasonable price & then at the last minute some king kong bidder came in and drove up the price not x% but 10-fold. Then they never paid for that domain name.
Rather than offering the domain name for the highest price before the shill bidder came in or rerunning the auction (like any LEGITIMATE auction would do), AfterNic let me know I could buy the name still, but for about 5x of what that 10-fold bidder shill bid it up to.
Of course such stuff is everywhere. The few names I have won on SnapNames had bids from that dirtbag halverez. I have bought domain names for $10’s of thousands on Sedo only to have them “not actually available” after Sedo sat on my money for a month. I have used the “buy it now” price on GoDaddy listings only to see a shady seller pass on selling it.
Most of these domain auction places think the domain sellers are more important than the buyers, so they all have some level of shadiness to them as a reflection of that bias. Shill bidding, no penalty for not actually selling the name, selling domains the owner allegedly doesn’t own, etc.
I think the only way to go into the auctions is to assume that everyone else is irrational and/or dishonest and conspiring against you. Thus set your own price of what you are willing to spend and don’t go above it, because you often are not competing against honest market demand…but corruption that is trying to bleed you.
I don’t think everyone is corrupt…but in many cases you have no way of knowing halverez vs a real user, at least not until after the fact.
It is generally better to approach someone directly than to deal with the randomness of the auction. Recently with 2 similar names at auction one went for 7x the price of the other … I don’t think there is much rational explanation for that. Though the same winner won both, so they likely would have paid much more for the one that went cheaper.