The domain name 25.com in auction at CAX.com has a $1.5 Million dollar bid and has met reserve.
I wrote to Francois Carrillo who owns and operates CAX.com who confirmed that the bidder has bought on the auction system before.
Therefore it looks like this domain name will sell.
If the sale completes it will rank as the highest reported domain name sale of the year, according to DnJournal.com, which currently is showing PersonalLoans.com as the highest sale at $1 Million.
The auction closes in 6 days and we will keep our eye on it.
I just hope this guy is real………………it wouldn’t be the first time someone bid at CAX and
didn’t pay.
Alan
Or every other auction service
MB, your right, but it seems a little odd to me that anyone would plunk down 1.5 million dollars
for a name without privately negotiating with the names owner. I mean if you seen a house you liked for that price, would you pay it or would you negotiate a lower price? Of course it doesn’t mean you would get the lower price but you would at least try. Before I published that bid, I would want to know everything about the bidder and require a “good faith” deposit of some kind.
@Alan – Some (actually many) investors believe that premium domain name have significant value. If you prefer invest your money in real estate, go ahead and buy some houses, but please do not poison domain market by such negative comments. Thank you.
25.com sold for $124,556 in 2008 on Sedo
@Alan – but please do not poison domain market by such negative comments. Thank you.
My comments are not intended to be negative, just realistic……………………
@Alan – For me is more realistic to expect profit from domain investments and less realistic to expect profit from housing/real-estate investments. Your house has much lower value then you think it has – that is MY realistic view 🙂
@ Alan
You violated the sacred covenant of the .com domainer. Never, under any circumstances, say anything negative about .com domains and their pricing. Even if your comments include things like common sense, rational thinking, logic, reason ,etc.. LOL
Okay Guys, gotta ya…………I look forward to seeing the name listed with DNJ as the biggest sale of the year.
I second that
@Alan – The biggest PUBLISHED sale of the year. Most of big ones are not public.
I agree couple of days back my 2 domains VU0.com 8e.biz was on Cax Auction after the buyer won VU0.com for $340 and 8e.biz for $300 .I waited almost for 10 days .. No one of the guys paid..no response from the buyers ..then i cax cancelled the sale..I was very disappointed because I had them on ebay and I got good offers for them which I rejected becoz of Cax.com .Now I have them again on ebay.
I believe Cax should enforce some serious penalty on this type of Buyers.
If buyers are honest then Cax is the best place to list and sell.
I agree couple of days back my 2 domains VU0.com 8e.biz was on Cax.com Auction after the buyer won VU0.com for $340 and 8e.biz for $300 .I waited almost for 10 days .. No one of the guys paid..no response from the buyers ..then i Cax cancelled the sale..I was very disappointed because I had them on ebay and I got good offers for them which I rejected Becoz of cax .Now I have them again on ebay.
I believe Cax should enforce some serious penalty on this type of Buyers.
If buyers are honest then Cax is the best place to list and sell.
@Paul
LOL. The opposite of that actually constitutes the rule of the non-com domainer.
Congratulations on the sale to all aprties involved, with a month to go it should be posted as # 1 for 2012.
…shot in the arm for the market.
I finally succeed to talk this morning with the person who placed a $1.5m bid on 25.com, he told me have “money problems” and that he will not purchase the domain.
So I proposed him to place a purchase option for a period to secure the domain the time he resolves his funding problem or maybe that I discuss with the seller of a seller financing plan.
But he simply responded me “cancel the sale”.
I was not happy so I asked him why he placed a bid on a name he cannot pay and why he did not respond to all my emails?
His unique response was: “I am very sorry. The money has been hold by my friend.”
…
Despite people have to pay to can place a bid in CAX (and this stop 95% of “crap”) or have already been a serious buyer previously (the case here). From time to time this may happens.
I see no solution today other than really try to contact the buyer to get confirmation of his intentions as we are not facing here real scammer or dishonnest people, but simply people who at a moment don’t act correctly due circumstances.
I am mainly sorry for the seller who got a huge deception today and for the false buzz about the sale.
Francios , I agree with your point.
Why can’t you change your model a little bit. Do like Godaddy Auctions, by placing a bid your are obliged to buy. How they do it is they wait for some days if you don’t buy they charge the credit card that amount.
So you need to get the buyers credit card info and make sure they understand that by bidding there card will be charged.
But sale like this is way too highhhhh..
Atleast this will keep the Scam buyers out.
But I might be completely wrong..u may have a reason why u did not do this
Thanks
Circy.info
As I said………
Before I published that bid, I would want to know everything about the bidder and require a “good faith” deposit of some kind.
I had a disappointment like that too, but $1500 is much less than $1 500 000 by a few factors.
Idiot was hoping somebody will outbid him and he gets the commission for sending the domain to auction.
Big gamble, big reward.
Big fail, big embarrassment.
Sorry to the seller.