A Domainers World Just Ended

[DOMiNIC]

For anybody who hasn't read this weeks DNjournal this is just Unbelievable. http://www.dnjournal.com/domainsales.htm

The same person allowed all of these names to drop and this is what they sold for at Snap Names.

VacationWorld.com $45,400

ShoppingWorld.com $25,500

AdvertisingWorld.com $21,000

ReligionWorld.com $18,250

EntertainmentWorld.com $17,750

CandyWorld.com $15,250

ArtistWorld.com $15,250

RetirementWorld.com $13,750

MedicalWorld.com $12,250

DoctorWorld.com $12,250

ConventionWorld.com $12,250

ExerciseWorld.com $ 8,487

MagazineWorld.com $ 7,000

AirlineWorld.com $ 6,487.

By my calculation that amounts to $230,874.00 and who knows how many more lesser valued world.com domains he let drop.

I guess this guy is thinking about dropping off the nearest tall building.

Anybody who says that Domains are like real estate and the stock market are wrong. This could only happen in the 'WORLD' of domains

 

[godinu]

holy moly!

 

[homebuyer]

Not mine

If these domains had been mine listed for sale instead of at auction I'd have only received $2 offers for them. Sometimes it takes a bidder getting caught up in the madness of an auction to drive up the prices to these amounts.

 

[DOMiNIC]

This has to be the 'DN Story Of The Year'.

If I was Ron Jackson (Editor & Publisher of DN Journal), I would be preparing press releases to NewsWeek, Time and all other major publications, to get a bit of Domain News Publicity to the General Public.

 

[gazzip]

Wow - Bummer :td: I think if one person had all those names they must of had them for a very long time ! It was probably from a massive portfolio of names - possibly from something like that marchex purchase ???

Any bets they still have hundreds more ?
I think that for individuals who own massive portfolios of thousands of domains dropping good names on a regular basis is very common.

Snapnames is the place to be IMO - one day you may get very lucky and pick up a little Gem for $60 - or in other words left over's that the big ^sharks did'nt notice while in the feeding frenzy !! :lol:

 

[DOMiNIC]

In fact looking at the Total Domain Portfolio, the domains are well worth a total of $230,874.00.

When you look at the top sale of the week, FlashGames.com at $226,950.00 which would you rather have?

I would take the 14 world.com's anyday.

 

[Virgil]

No surprising news, IMHO. A domain I tried to sell without success for years (last time I offered for sale it was $25.00, no takers, announced for weeks) went for $5,000 when it dropped.

Now I don't let domains drop that easy. I pay renewal fee for domains I had not sold or forgotten and invest a couple hours developing them. Result? I know for sure I'll get back whatever reg/renewal fees I've paid for it in 10-15 days at the most. After that it's (almost) all profit.

 

[Grrilla]

Ouch! Ouch! and more Ouch!
This illustrates the importance of visibility and the context in which a domain name is presented.
For example, had these names been listed on ebay for $1,000 each, it is possible that most, (if any, at all), of the names wouldn't have sold and if they did, I doubt the amts would have been of this proportion. They go to Snapnames and become visible, they are set in a new context, their image improves and their value rises.

This is one very, sad story- a story that every domainer who has had occasion to let names go only to see them immediately swooped up and/or auctioned off, can empathize with. However, the amounts involved, in this instance, really make me cringe.

 

[DOMiNIC]

Don't you think there is a moral to this painful story?

I've heard that with a valuable portfolio like this, parked and registered with say Moniker, would not be lost so easily.

I am sure there are registers who would bend over backwards to contact you before it's to late.

Am I wrong?

 

[Grrilla]

I'd better read up on the story. I assumed, incorrectly, it appears, that the owner just let them drop. If so, my bad. It is hard to fathom that this many names could have been dropped out of negligence. If so, that puts a whole diff spin on the matter.

I've heard that with a valuable portfolio like this, parked and registered with say Moniker, would not be lost so easily.

I am sure there are registers who would bend over backwards to contact you before it's to late.

True. I just lost *one* name due to my own negligence and forgetfulness. I had 3 drops w/ Snapnames and they negligently sent the wrong contact info to the registrar partners that had picked up the names. I should have nipped the problem in the bud, right than ad there but I didn't, got lost in other things and forgot.
To make a long story short, 1 registrar bent over backwards to help me restore the two names that were w/ them and the other did everything in their power to confound me and in the end, I lost the name, despite the fact that they were all picked up on the same day and had the same exp date.

The irony of the whole affair, (and just retelling this story, makes me want to puke), Snapnames, who created the foul up, to begin with, auctioned off the name the other day, so they collected twice for the same name. I blame them for the initial screw up and, in fact, spent a good amount of time trying to make them patch up their mistake, back when it happenned-but- make that a big -BUT- i had a year to rectify the problem and for one reason or another, when I did think about it, there was always some problem or crisis that would take me away and off I'd go. (The problem relates to a defunct email that they passed along. I was aware that it was wrong via the whois, but was never able to log into the acct, never received notifications, and the procedure to fix it required alot of paperwork, copies of IDs, faxes, SSNs etc and they wouldn't allow me to change via the net. This also illustrates the problem of having a large portfolio that *was* overwhelming because it was spread out among too many registrars. I have, finally, just about buttoned down the problem of being too spread out, but lost a good name during the process.)

 

[TLDnetworks]

I am sure there are registers who would bend over backwards to contact you before it's to late.

Of course they send notification, but if the email address isn't updated etc... Plus these guys are making BIG BUCKS on these drop / auction deals, so I'm not sure they'd bend over backwards for the registrant.

For example, had these names been listed on ebay for $1,000 each, it is possible that most, (if any, at all), of the names wouldn't have sold and if they did, I doubt the amts would have been of this proportion. They go to Snapnames and become visible, they are set in a new context, their image improves and their value rises.

Bingo! It contiues to confuse me, these "sales" that are going for so much at SN, CD, Pool, etc.. are drops - not end user sales. Separation of drop auctions from regular sales would be the study and name trend research to follow. At this rate forget about the $60 snap anymore...

If these domains had been mine listed for sale instead of at auction I'd have only received $2 offers for them.

:lol: Me Too! and appraisal would have been "Reg Fee"

 

[TUFKATH]

That's pretty cool. I'm sure I own a domain or two that is better than one of those and the highest sale I've ever gotten was $180 lol.

 

[nemnoew]

Hmmm

ReligionWorld.com $18,250
ArtistWorld.com $15,250
ConventionWorld.com $12,250
ExerciseWorld.com $ 8,487
MagazineWorld.com $ 7,000
AirlineWorld.com $ 6,487.

I'm having a hard time wrapping my mind around these prices. AirlineWorld.com $6,487, give me a break. Something just doesn't smell right about some of these auctions.

 

[DropLister]

names always go big in the drops,

 

[nemnoew]

Any idea why?

 

[capiche]

Does this not really piss anybody off though? I mean, if this was just the average joe domainer, who thought ,"Well, I've had these "world" names for a while now and not even a bite. I guess I'll just let 'em go." Just to get slapped with something like this. It isn't fair.

While I agree with Grrilla on the drop putting a name in a whole new context, I'm sure that these names or names like it get advertised in Featured Listings, Showcases, etc., etc., all the time.

Wouldn't it be much easier and much less expensive to catch a good name in a Featured Listing or just by searching and offer the owner say $5000-$10,000... instead of waiting for the drop and having to pay $50,000?

Something seems wrong with the logic to me. It's like some of these people have more money than sense.

 

[DropLister]

Any idea why?

there are big contenders there and they all have deep pockets, so they get into bidding wars or w.e and the after market is plague with fake bids. im not sure why it happens it just happens, alot

 

[gericsb]

All,

I have started a rather popular thread on 'another forum' about this very thing. Domains which we cant sell for 2 cents typically (ALWAYS) go for outrageous prices simply BECAUSE they are being dropped. I am relatively new at this, but the phenomenon continues....

 

[capiche]

Moral to the story... If you've been doing this for a while and you feel confident in your name choices...... NEVER let them drop.

 

[nemnoew]

I agree with capiche, something seems wrong with the logic. Clearly something going on here that I really don't understand. Perhaps somebodys lying or perhaps we have some really stupid investors. Maybe we could ask the new owners of some of these drop auctioned domains a few questions.