James Iles

Breaking: Aron Meystedt Sells XF.com and OC.com

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By James Iles, Aug 11, 2017 at 6:06 PM
  1. dordomai

    dordomai Active Member VIP

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    Have you looked into HA and how they sell domains? It is not the same what domain brokers in our industry usually do.
     
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  2. Domainscoop.com

    Domainscoop.com Established Member

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    LMAO Hahaha -- made my day
     
  3. Internet.Domains

    Internet.Domains Established Member

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    You keep alluding that HA does not broker in a "typical" sense and that is entirely untrue. Here is a paragraph on HA's domain page (at this time).

    "Private Domain Brokerage
    Heritage Auctions offers private brokerage services for owners of premium domain names. We are seeking top valued domain names only for our private brokerage service. Heritage Auctions will use our expertise to appropriately market your domain name(s). We use a combination of print marketing, online advertising, direct mailing, phone calls and emails to reach the right buyers for your assets.

    Contat Us today if you have top quality domain names that you are looking to sell."
     
  4. dordomai

    dordomai Active Member VIP

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    they list them for sale in a public auction where veryone can bid. This is not what domain brokers do usually.

    This would be like saying Sedo is broker because they do offer some brokerage services as well. In reality they are an auction house.

    https://domains.ha.com/c/search-results.zx?No=0&N=3369+790+231
     
  5. Internet.Domains

    Internet.Domains Established Member

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    Your link went to the auctions page which is one of three services they offer in addition to PRIVATE brokering and stealth buy service....If the best defense to this issue is spinning definitions I am becoming more convinced there was a conflict of interest. It is surprising Heritage Auctions would put themselves in this situation when so much of their other departments (sports memorabilia etc.) rely on trust and avoid conflict of interests at all costs.

    https://domains.ha.com/information/...ntellectual-property.s?ic=Task-domains-121913
     
  6. dordomai

    dordomai Active Member VIP

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    What are you talking about?! Is Sedo a broker or a marketplace?

    1. HA is primary an auction house not a broker. It is even seen in their name. Heritage Auctions is the name not Heritage Brokers. No need to discuss this.

    2. That is not even the main flaw in that issue. If you read the first posts you will see that Aron did not sell the name himself. He had to use a broker to do it for him, presumably he does not talk Chinese and is not experienced in the Chinese market. So obviously they weren't in the best position to get top dollar for a 2L with their audience. They marketed to the audience they could. The English speaking market is not doing too well these days.

    The other 2L they attempted to sell didn't do any better as far as i remember. This is what you would expect.

    As for a potential conflict of interest. Everything that was done was public knowledge and nothing unusual happened here. If it is their policy to allow buying of domains from their people, that is their decision as long as they disclose it which was done. If you don't like the rules then don't sell with them.

    Basically it is simply conjecture to assume that a theoretical conflict of interest changed the outcome of the sale in some way. You don't even know any details about the sale. For example, the final sale price.

    You have convinced yourself that something must have been done wrong simply because of a theoretical scenario you made up in your mind.
     
  7. Internet.Domains

    Internet.Domains Established Member

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    No problem, we see it differently.....best to you.
     
  8. Napkin.com

    Napkin.com Heritage Auctions Heritage Auctions VIP ★★★★★★★★★★

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    As stated, Elliot covered the timetable accurately. And, for full disclosure, this was the first name we've brokered in which Heritage bought the name at the end of the brokerage term. We don't and haven't cherry picked names we want to buy. I've told my buyers on my mailing list that they'll never see names from me that "I passed on"... any names that come through Heritage for brokerage or auction are promoted. None are bought ahead of time.

    OC.com was promoted to Chinese buyers, brokers, auction houses - and to major end user firms, to companies in Orange County, CA etc. In fact, one "last call for serious offers" was announced with no one making a significant offer - surprisingly.

    Thanks. Last comment I'll make on the topic. I feel that everything has been addressed.

    Aron
    Contact me with questions: HA.com/IP
     
  9. Arca

    Arca Active Member VIP

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    You or Jim Halperin might want to address these questions raised by someone at domainnamewire.com too.
     
  10. tonecas

    tonecas Active Member VIP

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    man, when you think you seen it all then it comes a new one. what a shady industry this is :D-:

    "I feel that everything has been addressed."

    really???? are we all just living in an unscrupulous world, trying to swim in a muddy swamp?

    i guess since the seller agreed with this all is fine isn't it?

    we are all grown up, and we are responsible for our actions, including accepting to sell a name to the middleman that had just failed to sell it moments before.

    the price the seller was looking for was too high, it seems from what they say. it's a tough market out there. they did all they could to sell it, but unfortunately they could not advise the owner to lower the price to a more "sellable" level. they probably forgot this or maybe that is not part of the job description of a broker.

    anyway, the owner that was asking too much was happy to sell it to the middleman, certainly based on impartial and unbiased counseling. the middleman then took the risk, like it is supposed to be done by entrepreneurs under capitalism rules, and accepted the burden of buying the domain from the client. such a kind gesture almost makes me wanna cry.

    and lo and behold, one month later the domain was sold! this is the american dream baby!! it's alive!

    that this is what this is all about! moving inventory whatever it takes. everything is legal and ethical, we just need to push our limits and that's it. nothing to see here, move along.
     
  11. tonecas

    tonecas Active Member VIP

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    the reply from Jim Halperin is just brilliant!
    no wonder the world is getting such a mess with people's head all screwed up that can't even distinguish right from wrong.
     
  12. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    People are missing the big picture here. This isn't about ethics or the effort put forth to broker the domain. The seller is the ultimate authority and can choose to sell to whoever they choose and at whatever price they feel is fair. In this case Aron struck a deal to buy and that's that. The seller and buyer agreed to terms and that's that.

    Congrats on the acquisition and quick sale!
     
  13. dordomai

    dordomai Active Member VIP

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    there is a pattern that I observed in this industry in the past months. It is almost pure comedy in a certain way.

    Every time someone announces a high domain sale, some accusations start to resurface on blogs comments and forums, throwing mud at the seller.

    One of the most hilarious examples was the sale of x.com to Elon Musk. You would have thought that was big news and everyone would be happy. Not so. Shortly after the announcement some comment trolls would suggest that the broker (Mediaoptions/Drew) simply made it up and they never brokered the name.

    Later others suggested that Drew wasn't a real broker in that deal but a strawman used to sell x.com cheap to deceive shareholders. There were of course 0 facts to support it, it was simply made up. The commenter was the same person who started spreading the conflicts of interest story of the oc.com sale on blog comment sections calling it BS. Interesting, isn't it?

    I almost had to laugh when someone called Drew a "scammer" a few days later. Some others felt that Drew must have done something wrong simply because he was "hiding" in Panama.

    The strawman story did get old and boring soon so just a few weeks later Drew morphed from strawman for Elon Musk to a hill bidding mastermind. The only thing that he had done was that he had commented in a thread about shill bidding. Some days later he was already featured on a website and comments were already pretending that he "had been caught".

    Anyone still remember the poor guy who bought hatred.com cheap and sold high and thought he could help other domainers by announcing the sale? He was thanked by some fellow domainers by calling him unethical for buying "too low" and selling "too high" and ultimately he ended up having his name indexed in Google along with some negative headlines and name calling.

    I still remember an article about xf.com rejecting a 7 figure offer - at a time when 7 figure offers on Chinese premiums were common - and some of course comments suggesting he made it up.

    Ironically now that the name was sold, predictably some are trying to invalidate the sale and a lot of negativity and hate coming out.

    You see it does not matter what he does. If he does not sell the hate and accusations are coming out if he does sell the hate and the accusations are coming out.

    All this happening under the pretense of caring about "ethics". I have seen ethically questionable stuff on this forum, for example TM registrations but the truth is that no one really cares about that if you are not successful and a well-known persona in the industry.

    If you are successful in domaining beware! Soon someone will find a way to invalidate your successes and harm your reputation and business. Don't announce your sales. You will become a target and people will hate you for it. Hide your sales and pretend you are losing money and people will love you for that.
     
  14. Josh R

    Josh R Founder of BrandConsultants.com NamePros Supporter VIP

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    Fair points. I will say there was a lot more to the "hate" on hatred.com..Nobody was upset at him buying low and selling high to my knowledge.
     
  15. cooljub

    cooljub Established Member

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    I always thought Jaguar might buy xf.com
     
  16. Ollie3000

    Ollie3000 Business Member Business Account

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    Aron is a decent chap from my experience. So I expect he did right by the original seller before he flipped it. His way of selling domains through HA is refreshing and he regularly makes decent sales. Digital.com went for 373k not that long ago via Aron
     
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