The RightoftheDot.com domain name auction on the 4.cn platform as part of the Domainfest.asia conference generated over $871,000 in sales.
All sales were led by a three number .com, 586.com which sold for $416,000
The two next highest sales, zhou.com and 8.xyz were both listed at no reserve.
Several of the domain name sales occurred, as they often do after the domain auction concluded which is why it took RightoftheDot.com some time to wind up the auction and first publish the results.
To note, the fact that several domains sell after the auction is why ROTD asks for an exclusive period of time after a auction ends to continue to broker the domain from leads that come up during the marketing of a domain auction.
You might recall that the auction was held online only and although those in the US were able to bid in the auction, it was held on 4.cn, which many domain investors including myself never participated on until this auction.
Bidding was made available in RMB or USD so we have included both amounts
As we announced yesterday, RightoftheDot.com has now opened submission for the live/online domain name auction from Namescon which will be held on January 11th.
Pre-bidding is already ongoing for those domains that have been accepted into the auction on Namejet.com here. 38 domain names already have 2 bids or more and there are 4 domain names that have a high bid in the five figures.
With that being said here are the sales from RightoftheDot.com/ 4.Cn/ Domainfest.asia auction:
|Domain Name||Gross Amount USD||Gross Amount RMB|
Some of those domains WERE mine and of course I bought them dirt cheap.
I mean dirt cheap like $10 per domain !!!!!
Fortunately, I still have about 40+, 4L domains in my portfolio and getting many offers as high as $$$$$$$
Who is laughing at who now..those domains were “crappies” and were sold by those who called themselves domain Professionals, domain experts or whatever!!!
In your face—laughin at you all the way to the bank$$$$
Who is calling “BullS’ Bull now!!
For real? Name one 4L getting offers of $$$$$$$.
M. Menius says
I see slots.asia went for very little. Surprising given the relevance of gaming/casinos in Macau.
25% commission is steep even in this industry.
Domain Shame says
Agree I would lose my mind if I gave up 25% of 586.com unreal
Monte Cahn says
no one gave up 25% for the sale of 586.com, that commission was earned! Every penny of it and well worth it. Try selling something through Christies, Sotebys, Manheim Auctions, etc. commissions are 40%+ between buyer side and seller side commissions.
Auctions cost money…. a lot of money.
If you don’t want to pay the going rates then don’t participate. Think about the money made not the commission paid 😉
Domain Shame says
Yeah it was an online auction and I’m sorry nobody needed you to sell 586.com but keep telling yourself that it is worth 25%. You should get paid sure but 25% ?
Raymond Hackney says
There is more than one person getting paid, not just ROTD.
“8 = Gold” is the new “E = mc 2”