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James Iles

The NamesCon 2019 Live Auction Results - Including OL.com for $900,000

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By James Iles, Jan 29, 2019
  1. MSN-Domains

    MSN-Domains Established Member

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    Who bought OL.com GK?
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. JB Lions

    JB Lions Top Member VIP

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    Looks like high bid of $800 - http://www.namejet.com/Pages/Auctions/StandardDetails.aspx?auctionid=4138885&cat=
     
  3. johnnie018

    johnnie018 Market Restricted

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    CPU.com sold for $140,000 recently, why would anyone pay more? Only stupid person, 600k?
     
  4. wwwweb

    wwwweb Top Member VIP

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  5. johnnie018

    johnnie018 Market Restricted

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    Watch DomainSherpa as Monte and Rosener try to defend all the fake bids just below reserve as real!
     
  6. kashioz

    kashioz New Member

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    Nice Sharing...
     
  7. Rajnish Prasad

    Rajnish Prasad Established Member

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    Many of the premium names just gone for few hundreds...and many not sold🙁
    Industry is at its lowest...
     
    Last edited: Jan 30, 2019
  8. DOMAIN ILLUMINATI

    DOMAIN ILLUMINATI Owner of ▲ the most expensive domain of all time. Gold Account

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    mmmaybe they are not so premiummm
     
  9. inforequest

    inforequest Established Member

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    Couple personal observations:

    I attended the conference but participated online. In my opinion the online platform worked fairly well. One issue was if you didn’t have audio enabled then you didn’t know the specific domain was a no reserve as it was not reflective on the live site. The other obvious issue others have already keyed on was how at times the online bid pricing seemed to be completely disconnected from the floor. Floor could be $5k and only online bid available was $15k. This is not a specific example, rather a generalization.

    With regard to domains submitted for auction. I submitted about 10 decent .com’s and couple alt tld. While they went in prior to the published deadline, as it was explained to me at NamesCon I missed the “real” internal cutoff months earlier. One specific name I entered was strippoker.org. I’m the first to admit that it’s not the greatest, but felt it was at least relevant to the auction location.

    Now I’ll sit tight and hurry up and wait for my invoice so I can pay for the names I won 🤦🏼‍♂️
     
  10. patents

    patents Established Member ★★★★★★★★★★

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    These (Start-up.com for 3500 and stop.com for 110k) were some nice deals for the buyers as was Domainnames.com which was a great purchase for the end user buyer ([email protected]).
     
  11. rlm

    rlm Established Member

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    Well I don't necessarily want to defend her, but if she’s lowballing offers to you while representing her client, at least that shows she’s truly representing her client rather than just trying to up her own commission. I’ve seen brokers come to me representing a client and they show no resistance to my price because they just make a higher commission - then it feels to me like they're putting their own interests above their client. Although that doesn't bother me as a seller, I make a note that I don't want that person representing me as a buyer! I've also seen brokers come to me representing a buyer then insisting I pay the commission, so I'm sure they're trying to double dip the commission from both buyer and seller... I think the commission should only be paid by the person the broker is actually representing.

    Anyway's back to Kate... I definitely don't blame her starting low, especially if she finds any shred of evidence to back her up, even if it is as lame as an estibot valuation... But if she didn't eventually come up on price, then clearly her client had other options or a very limited budget, or maybe she was bottom trolling for her own portfolio, not really sure.
     
    Last edited: Feb 1, 2019
  12. wwwweb

    wwwweb Top Member VIP

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    I saw cannabiscompany came from namefind portfolio, smart move by Frank acquiring that name, big mistake by godaddy by not acquiring that one considering how much they spend buying portfolios.
     
    Last edited: Feb 1, 2019
  13. rlm

    rlm Established Member

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    Apparently some are. Kate seems to be one of them based on how easily she blew me off.... But I get it, if you're too busy to do a good job - I'm glad she knew her limits and just said no. I don't know what else she already had on her plate at the time so I appreciate the fact she said no rather than locking me into an exclusivity period and then have her do nothing about it due to over-commitment.
     
  14. rlm

    rlm Established Member

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    Did you buy insurance? I put in some bids early but went for dinner in the middle of the auction and missed it...
     
  15. wwwweb

    wwwweb Top Member VIP

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    I know the guy who owned insurance.us he owns the insurance Twitter also. I wish the auction had seen the value in the name, I don’t think it got it’s fair value.
     
  16. rlm

    rlm Established Member

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    Well I'm not an outbound sales guy, I wait for them to come to me. Also puts me in the stronger negotiating position at the start. So its just a matter of having a good domain and waiting for the right buyer to come along. They always do, even if it takes 10 years.

    As for Insurance - I kinda wanted it... Killer keyword obviously - but I'm kinda biased because I own a few other category killer type .US domains. It still irks me that .US hasn't been as well adopted as it should be. In my mind, .US should be #2 only to .Com for US companies...
     
  17. wwwweb

    wwwweb Top Member VIP

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    I did bid on it, and pulled myself back as I know the current owner has worked hard to sell it, and given it didn’t sell, it was justification to focus on .com, as I own some good one word .us acquired thru an aged Fortune 500 company portfolio, and people don’t pay their true value, which is sad, and I just am sick of dealing with lowballers.
     
    Last edited: Feb 1, 2019
  18. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    This domain was bought way too high. No upside from a reseller point of view. The seller won in this case for sure.
     
  19. wwwweb

    wwwweb Top Member VIP

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    I think everyone seems to agree stop.com probably holds the best value for return it might give. It wasn’t probably the best value buy in the auction, given it was just on the 6 figure line.


    DomainNames.com will really help the uni brand, is this the same name that web.com took back from the namepros member who grabbed it for like low 4 figures?
     
  20. inforequest

    inforequest Established Member

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    I did not buy insurance.us. Not doing much outside of .com. A couple of my favorite domains (that I felt were reasonably sold/value) were repossession.com, abomination.com, solvent.com...still trying to figure it I like dingy.com...🥴
     
  21. wwwweb

    wwwweb Top Member VIP

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    Oh I agree, I dunno if someone got caught up in the in room bidding, but the company generic is to rich, it is a great comp to quote for cannabis portfolio holders though. Anyone know the buyer, M.O. maybe?
     
  22. wwwulff

    wwwulff Top Member VIP

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  23. wwwweb

    wwwweb Top Member VIP

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    I liked solvent.com, and it was a good auction, I put a few bids on it, it was moving so fast, and it was in $100 increments with a low starting price so it was actually a engaging auction, not the ones with nonsense high 6 figure bids. It is a good one word value buy for under $10K, maybe someone can connect with an industrial user in the space for a nice return. Repossession I thought was way to long, and abomination to vague.
     
  24. wwwweb

    wwwweb Top Member VIP

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    I feel for him, and him seeing $365K go out the window.

    I would assume even if he got the name out of NetworkSolutions they would have used all their pull to get the name back. I am not sure how it came out but I think they only realized it after he started discussing the purchase. Had he just kind of moved it out, and sat on it for 60 days, given his invoice, he would have had a real good case.
     
    Last edited: Feb 1, 2019
  25. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    Yinan @owntype had purchased it for $2,577, they used the TOS to get the domain back.
     
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