So GoDaddy revamped their appraisal tool and now when someone is bidding at GoDaddy auctions they see where GoDaddy is valuing the name.
Elliot Silver wrote a couple articles on the topic. On Twitter and as a sidenote in the Daily Sales Recap on TLDinvestors.com I expressed my doubts about this.
— TLD Investors (@TLDInvestors) May 12, 2017
So now tonight I am reading a thread on Namepros where a member points out seemingly worthless names getting a bid, early into the auction process.
It turns out these names all have appraised values over $1,000.
Fanninmn.com valued at $1,458? This name certainly does not have that kind of value. Now in the past there were some high valuations on seemingly worthless names, the one difference was GoDaddy was showing traffic of say 10,000 +. This listing shows traffic of 2!
DONGWWW.com valued at $1,535
CMKMG.com valued at $1,374
Darubazz.com valued at $1,074
MBUCD.com valued at $1,121
Of course this is just a random sample, I just think it makes GoDaddy look like they don’t understand valuations.
If an industry outsider is first introduced to domaining by reviewing GoDaddy auctions and seeing these valuations, it’s the wrong first impression.