3 Previously Unannounced 6-Figure Sales Set the Pace in a Banner Week for Domains

[Ron Jackson]

The new weekly domain sales Report is out at DNJournal.com. Warm weather is returning to most parts of the northern hemisphere and domain sales seem to be heating up in tandem with the rising temperatures. We documented three new six-figure sales this week that are being reported here for the first time. The biggest of those ranks among the top three sales reported so far in 2012. Another climbed into the year’s top 20. We also saw one of 2012’s 12 biggest ccTLD sales in a banner weelk for the domain aftermarket. You can get all of the details here: http://www.dnjournal.com/archive/domainsales/2012/20120516.htm

 

[HeyNow]

DNJournal.com is the site that proclaims: "Most of the sales in our report come directly to us from reputable and widely-known sales venues such as Afternic.com, BuyDomains.com, Moniker.com, Sedo.com and SnapNames.com among others."

Snapnames is the largest admitted domain auction fraudster in history, blaming one lone employee for massive auction fraud, over a period of years, in hundreds or thousands of auctions. Domain buyers like you and I got screwed by shill-bidding while participating in Snapnames' auctions, and this admitted fraud occured for years, perhaps 4 or 5. But here is Ron Jackson's DNJournal.com trying to sell to you and I that Snapnames is "reputable." That should tell you something about Ron Jackson and DnJournal.com.

I know a few of you (and only a few from what I've seen) might chime in about how Ron Jackson is a straight-up guy, or the best thing for the domain industry since holes in Swiss cheese. I don't buy it. Anyone who tries to tell me that Snapnames is "reputable" after all the fraud committed under the Snapnames banner must think I am truly brain-dead and gullible to the extreme.

We are being sold a bill of goods here. I'm amazed how current players in this industry are so unaccountable. Fortunately, that's coming to an end soon.

 

[richrf]

We are being sold a bill of goods here. I'm amazed how current players in this industry are so unaccountable. Fortunately, that's coming to an end soon.

The lack of transparency in the domain industry has always concerned me. But what do you mean that it is coming to an end soon?

 

[HeyNow]

The lack of transparency in the domain industry has always concerned me. But what do you mean that it is coming to an end soon?

The evolution of the DNS includes weeding-out the slimy players and practices, including the entities which defraud their repsective customers. Only legislation and regulation will correct the current wrongs. That's sad, and we only have ourselves to thank for that. The slimeball, dishonest auctioneers in this business and the equally sleazy publishers of fraudulent auction results are truly dead-weight keeping the domain name business a "bottom feeders" and "squatters" haven. That's just the tip of it.

Here come the laws and regulations - dozens of them.

 

[Ms Domainer]

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To a certain extent, I agree with HeyNow about this biz and lack of veracity re: the auction houses, namely Snapnames and Namejet. It was a good thing that Snapnames was called out on the halvarez shill bidding scandal, discovered by some savvy domainers.

However, Ron Jackson has always struck me as a good guy who simply reports on verifiable domain sales.

If you (HeyNow) have any PROOF about Ron Jackson being complicit in any shill and/or domain sales scandals, then I would like to see it.

Otherwise, I'll just have to assume that you're just plain wrong about Ron Jackson.

*

 

[HeyNow]

Can you read? I never stated that Ron Jackson was complicit in any shill bidding or other domain scandal. Where did you get that from? I'm more inclined to believe that Ron looks the other way and holds his nose while accepting auction sales results from a group of skunks. I believe he knows what's going on, but his loyalty, IMHO, appears to be with the players, not his readers.

I merely stated the FACT that DNJournal.com reiterates that Snapnames is among the "reputable" domain sales reporting sources. That's the biggest mischaracterization I've heard in a long time.

Anyway, I'm through talking about it in this thread. The last thing I want is for more interest to be garnered by DnJournal and the auction skunks from naive newbies who equate ear-to-ear grins with positive role models.

 

[Ms Domainer]

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Yes, I read just fine, but I can also read between the lines.



*

 

[Alan Glennon]

Publicly reporting financial transactions (legitimate and sleazy venues alike) seems like a very good thing. Questionable sales can be investigated only if we know about them. After the halvarez scandal, sale reporting sites such as dnjournal provided an invaluable resource to determine the scale of the damage. Nevertheless, the word "reputable" is not how I would describe most domain auction houses; "verifiable" is more apt.

 

[HeyNow]

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Yes, I read just fine, but I can also read between the lines.



*

Obviously, you can't read between the lines. There's nothing to read "between the lines." Just understand that what I write is what I mean, nothing more.

 

[DU]

sale reporting sites such as dnjournal provided an invaluable resource to determine the scale of the damage. Nevertheless, the word "reputable" is not how I would describe most domain auction houses; "verifiable" is more apt.

It does nothing to provide resources to determine the scale of the damage - have the sales figures been adjusted for Halvarez?

I would argue with "verifiable" also and just leave it at "reported" or "alleged".

Unless DN Journal verifies to an itemized Tax return (or a legally executed sales contract) I very much doubt most of what it reported.

 

[freedom30]

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Yes, I read just fine, but I can also read between the lines.



*

...yes, you can. No matter how hard one is denying otherwise, there is an agenda being pushed...

 

[GiftedDomains]

I have heard so many people saying Snapnames sucks after the halvarez scandal, but all of them use it daily, because they want the names and the money they can make from the names is more important than the "principles". They want to make money and don't care. "Who is interested in yesterdays gossip?"

I use them too.

So either we all stop using snap and stay true to our "principles", or we should stop complaining and just snap the names quitely.

This biz is full of shit unfortunately, let there be no misunderstaing.

I don't want to know in how many scandals the other big players are involved from which we don't know anything yet. If you really think Snapnames is alone, you are naive.

 

[DU]

I have heard so many people saying Snapnames sucks after the halvarez scandal, but all of them use it daily, because they want the names and the money they can make from the names is more important than the "principles". They want to make money and don't care. "Who is interested in yesterdays gossip?"

I use them too.

So either we all stop using snap and stay true to our "principles", or we should stop complaining and just snap the names quitely.

This biz is full of shit unfortunately, let there be no misunderstaing.

I don't want to know in how many scandals the other big players are involved from which we don't know anything yet. If you really think Snapnames is alone, you are naive.

Stop making sense, this is a forum.

 

[Kate]

Interestingly, everybody seems to think that Snapnames as a whole was in the conspiracy, as if the company could not be a victim of Halvarez too.
I have worked in IT departments, so I know there is a lot you can do, that regular employees cannot. When you're a domain admin, you're in a better position than anybody else to find dirty secrets - if you want to dig.
I am not too surprised 'Halvarez' was able to carry on for such a long time.

 

[HeyNow]

I have heard so many people saying Snapnames sucks after the halvarez scandal, but all of them use it daily,

You're wrong, I don't use Snapnames or Moniker auctions. How silly you sound by saying "... all of them use it daily."

 

[DU]

I have worked in IT departments, so I know there is a lot you can do, that regular employees cannot..

JP Morgan just lost $2 B. It's all a matter of perspective

Every firm has major audit and compliance holes. I've worked for three firms that SHOULD have the strongest audit positions in the world and all were terrible.

 

[DomainTrader613]

I would like to echo the sentiments mentioned regarding JP Morgan, here was a bank doing so well (if I recall which bank is which correctly that they have been buying up other banks).

Now maybe in the past "who cared about stuff along these lines but after the bank bailouts, JP Morgan losing 2 Billion, how can people go around saying negative things about the domain industry?

 

[Quanta-HIS]

this is forum for discussion each and every one can discuss his/her view

 

[HeyNow]

... how can people go around saying negative things about the domain industry?

In case you hadn't checked lately, this is a domainer forum, not a financial planning or banking forum. That's how. If you go into the banking or disgruntled stock-holder forums, you'll find lots of chatter about JP Morgan and nothing about domains.

 

[wayne_chance]

I often suspect these high domain sales never actually go through. You can see that months later the domain is still parked or blank. Why would anyone pay big money for a domain and just leave it? Ok once a while, but take look yourself it it high.

Can Ron or anyone else clarify if he is reporting just the highest bidder or are the auctions consummated with cash money before being listed on the dnsjournal?