discuss Berkens flips Stock.photo after RTOD auction.

[mad409]

Mike Berkens bought the domain name Stock.Photo today at the NamesCon auction in Las Vegas for $16,000.

15 minutes later he had already sold the domain name together with the plural version (Stock.Photos) for$60,000 to Richard Lau.

http://onlinedomain.com/2016/01/12/...o-for-16k-sells-it-with-stock-photos-for-60k/

 

[Lite]

I have respect for Berkens, but this sale is unbelievable.

 

[bmugford]

It is not $16K to $60K? He sold it with what is the superior Stock.Photos IMO, so it depends how you value Stock.Photo alone.

Not to mention a lot of these transactions seem like money just circulating among the same small group of domain investors.

On a side note, I am not really comfortable with people who are running an auction being involved in the bidding. There are too many potential conflicts of interest.

Brad

 

[wot]

It is not $16K to $60K? He sold it with what is the superior Stock.Photos IMO, so it depends how you value Stock.Photo alone.

Not to mention a lot of these transactions seem like money just circulating among the same small group of domain investors.

On a side note, I am not really comfortable with people who are running an auction being involved in the bidding. There are too many potential conflicts of interest.

Brad

Totally agree. Seems to apply across the gtld spectrum in particular.

 

[mad409]

Interesting replies, so are you saying this is a con @ namescon?

 

[wot]

Interesting replies, so are you saying this is a con @ namescon?

Not a con but certainly appears to be a few incestuous relationships in the genre.

 

[bmugford]

Interesting replies, so are you saying this is a con @ namescon?

Nope. Please don't try to put words in my mouth. I am just saying that this was a transaction between two people heavily involved in Namescon. I have no reason to believe it is not a legit transaction.

I will be more impressed when outside investor money comes in and starts buying new gTLD at premium prices, if that ever happens.

Brad

 

[SirDrago]

Not a con but certainly appears to be a few incestuous relationships in the genre.

Gently put.

 

[wot]

Nope. Please don't try to put words in my mouth. I am just saying that this was a transaction between two people heavily involved in Namescon. I have no reason to believe it is not a legit transaction.

I will be more impressed when outside investor money comes in and starts buying new gTLD at premium prices, if that ever happens.

Brad

As a matter of interest I look forward to seeing how those gtld still in the online auction perform in the next few days in comparison to those mainly registry submissions that were selected and sold at the live auction.

 

[bmugford]

Someone on OnlineDomain.com made the following comment that sums it up well.

So one of the guys who runs ROTD won a name in an auction they had put together. The name he won was being sold by the registry that was a title sponsor of the conference and then the name was resold to one of the guys that runs Namescon who had trouble bidding on the auction running at his conference.

What a trifecta!

 

[mad409]

Someone on OnlineDomain.com made the following comment that sums it up well.

So one of the guys who runs ROTD won a name in an auction they had put together. The name he won was being sold by the registry that was a title sponsor of the conference and then the name was resold to one of the guys that runs Namescon who had trouble bidding on the auction running at his conference.

What a trifecta!

So you're saying con @ namescon?

 

[wot]

Someone on OnlineDomain.com made the following comment that sums it up well.

So one of the guys who runs ROTD won a name in an auction they had put together. The name he won was being sold by the registry that was a title sponsor of the conference and then the name was resold to one of the guys that runs Namescon who had trouble bidding on the auction running at his conference.

What a trifecta!

 

[artstar]

And people are surprised the insiders actually benefit from such "business"??? Lol

The nature of crony capitalism ....

 

[mad409]

Someone on OnlineDomain.com made the following comment that sums it up well.

You can dislike my post all you want but your quote agrees with the person you quoted, it was a con job in your opinion. Plain and simple...

 

[JB Lions]

-point made-

 

[mad409]

Why do you think that?

Google con and start at the top of the thread JB you'll figure it out. Read the replies slowly...

 

[JB Lions]

Google con and start at the top of the thread JB you'll figure it out. Read the replies slowly...

What are your views on it? I've read the replies. I've been reading how you're putting words into people's mouths. Even when they explain it to you, you do it again.

But since you said Google con, I found out what that meant. Then you said start at the top of the thread. That's post #1, your post. So you're saying it's a con? con = first post?

 

[mad409]

What are your views on it? I've read the replies. I've been reading how you're putting words into people's mouths. Even when they explain it to you, you do it again.

But since you said Google con, I found out what that meant. Then you said start at the top of the thread. That's your post. So you're saying it's a con? con = first post?

I'm just reporting the news, thought it was a great flip after the auction. A conspiracy theory started with all replies, which you liked one of them above. I'm not seeing congrats Mike but rather comments verging on a con, that's all.

I've never said it was a con, you know that so don't twist my comments. Also I can't put words in peoples mouths as you may think, that's a ridiculous comment.

 

[BrandingModel.com]

Very clever nGTLD PR stunt to create hype among domainers as this news was too fast to come out... It would help create higher price value with the other nGTLD on auction IMO

It's like a real estate agent bidding on an auction on a house he is selling and wins the auction and then sells it to his flatmate an hour later when his flatmate was attending the same auction? Very unusual, not really in domaining it doesn't surprise me at all???

 

[mad409]

Nope. Please don't try to put words in my mouth. I am just saying that this was a transaction between two people heavily involved in Namescon. I have no reason to believe it is not a legit transaction.

I will be more impressed when outside investor money comes in and starts buying new gTLD at premium prices, if that ever happens.

Brad

Sorry Brad, didn't know I could do that BUT you did sum it up with your opinion.

"Someone on OnlineDomain.com made the following comment that sums it up well.

So one of the guys who runs ROTD won a name in an auction they had put together. The name he won was being sold by the registry that was a title sponsor of the conference and then the name was resold to one of the guys that runs Namescon who had trouble bidding on the auction running at his conference.

What a trifecta!"