Namescon listing - and terms

LarryDomain said:

Are you contractually obligated to them for one year? Or more..

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Vito said:

No. I asked the same question because I did not want to have my domains tied up for a complete year if they didn't sell. The 1 year tie up is for non circumvent. That means a buyer who they reached out to or you as the seller cannot consummate a deal without paying them their commission.

I've already moved the domains of mine which did not sell.

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LarryDomain said:

I know there's a hold of atleast 1 year.. someone have a copy of their terms around??

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vravis9 said:

Hi

Just received an email from Monte Cahn as a reply to my questions...

In that he said
"Exclusivity starts at the time of submission and continues 60 days after the extended auction is over"

If it is mentioned as "after"
that means longer than 60 days...am I understanding correctly?!

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vravis9 said:

Any thoughts @Vito

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vravis9 said:

Did you submitted any names for Europe NamesCon?

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Vito said:

I just wanted to jump in here and help LarryDomain out as he kept stating for some reason he believed he had to tie up his domain for an entire year. I didn't want him or others thinking that either or nobody would ever add any names to NamesCon auction.



Well that is all you need. Coming straight from Monte as he is the one who writes the rules since it is his auction event. Yes, based on reading that line he wrote to you, you are understanding that correctly. That is what I read too.




Yes, many.

1) I think it is a great auction and Monte/ROTD/NameJet do a great job.

2) I think it would be so hard for him and NameJet to promote each and every domain in auction the way it should be since there is so much work for them to do in preperation and afterwards closing sales, collecting money, communicating push/trransfer procedures, etc. I feel like to get the best opportunity for your domain, you really need to market it yourself as best as you can, plus direct all leads to him.

3) 25% is a big commission but then again, these are the big boy domains and can fetch great prices with many deep wallets looking to buy, so it can be very well worth it. Only takes 2 to want it.

4) I do wish the estibot appraisal prices were not right next to each domain though. That does not help in any way at all. I did a spreadsheet on the entire auction w/prices, reserves, and appraisals HERE and it looked ridiculous as the majority of reserves were at much higher prices than the extremely unreliable, way too low appraisal prices.

5) It is only 4 months. Its really not that long for them to hold onto your domain NS. We submit our domain in mid Dec. Live auction is mid Jan. Non-sold domains go to online extended auction in mid Feb. Now 60 days starts and that gets us to mid April which gives them time to work out any leads that came in and close any other potential sales. So that is only 4 months. That is not bad at all.

6) If you have not been to the live NamesCon/ROTD auction and you enjoy domaining, you have to go to one! They are some of the funnest times I have had as a domainer.



I have not submitted any domain names to the Europe NamesCon auction. I know nothing about the Europe NamesCon's as of yet except that it is in Portugal and wish I could go but cannot this year. Only been to the Vegas NamesCon's a couple times so far. I know I did receive an email from them a couple weeks ago about submissions. I have been very busy and I've had a couple decent sales lately so I am not as excited to get any more domains into auction right now.

I am looking forward to seeing the domains entered into that Portugal NamesCon auction though.

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Vito said:

I just wanted to jump in here and help LarryDomain out as he kept stating for some reason he believed he had to tie up his domain for an entire year. I didn't want him or others thinking that either or nobody would ever add any names to NamesCon auction.



Well that is all you need. Coming straight from Monte as he is the one who writes the rules since it is his auction event. Yes, based on reading that line he wrote to you, you are understanding that correctly. That is what I read too.




Yes, many.

1) I think it is a great auction and Monte/ROTD/NameJet do a great job.

2) I think it would be so hard for him and NameJet to promote each and every domain in auction the way it should be since there is so much work for them to do in preperation and afterwards closing sales, collecting money, communicating push/trransfer procedures, etc. I feel like to get the best opportunity for your domain, you really need to market it yourself as best as you can, plus direct all leads to him.

3) 25% is a big commission but then again, these are the big boy domains and can fetch great prices with many deep wallets looking to buy, so it can be very well worth it. Only takes 2 to want it.

4) I do wish the estibot appraisal prices were not right next to each domain though. That does not help in any way at all. I did a spreadsheet on the entire auction w/prices, reserves, and appraisals HERE and it looked ridiculous as the majority of reserves were at much higher prices than the extremely unreliable, way too low appraisal prices.

5) It is only 4 months. Its really not that long for them to hold onto your domain NS. We submit our domain in mid Dec. Live auction is mid Jan. Non-sold domains go to online extended auction in mid Feb. Now 60 days starts and that gets us to mid April which gives them time to work out any leads that came in and close any other potential sales. So that is only 4 months. That is not bad at all.

6) If you have not been to the live NamesCon/ROTD auction and you enjoy domaining, you have to go to one! They are some of the funnest times I've had as a domainer.



I have not submitted any domain names to the Europe NamesCon auction. I know nothing about the Europe NamesCon's as of yet except that it is in Portugal and wish I could go but cannot this year. Only been to the Vegas NamesCon's a couple times so far. I know I did receive an email from them a couple weeks ago about submissions. I have been very busy and I've had a couple decent sales lately so I'm not as excited to get any more domains into auction right now.

I am looking forward to seeing the domains entered into that Europe NamesCon auction though.

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