The domain name Land.com has gotten a verified bid of $850,000 in the RightoftheDot.com extended auction from the Namescon conference running on SnapNames.com
The domain has a stated reserve of $1M-5MM but the fact that Snapnames.com took the bid means by its own rules than the bid represents at least 50% of the actual reserve price.
There is now over $1.1 million dollars in bids.
The auction does not close on SnapNames.com until February 5th at 3:15pm EST in accordance with Snapnames.com normal closing rules, which is 18 days away.
There are currently 12 domain names with bids at the auction which includes domain names like Auctions.com and Street.com which got significant bids during the live auction at namescon, but which did not meet reserve, plus over 250 new domain names that were not in the live auction.
You can view the auction here
What is so exciting about a bid below a reserve price/range?
If it is $850k or $999,999.99 – it means same: no sale.
These below reserve bids are most likely placed by domain seller’s buddies and/or people running the auction.
how high did they go?
“…..which includes domain names like Auctions.com and Street.com which got significant bids during the live auction at namescon, but which did not meet reserve”
i think in some auctions the seller has the opportunity to offer the domain to the best bidder
@Matt I guessing not very high sense only 1.1M total and Land has 850k. By the way, auction (singular) d0t com sold for 1.7M and street d0t com for 50k (2006).