iReit Liquidating more than 100k Domains

[Spade]

Since Friday, iReit.com (Internet Reit) has been uploading over 100,000 domain names to the Afternic and BuyDomains platforms. There were some early deals to be had for anyone who realized it.

Story here:

http://namebio.com/NameBioBlog/2008/03/31/ireit-unloading-portfolio/

 

[irishmat]

cheers for the info

nice pickup on overwhelm.com, did you manage to snag anything else

 

[Spade]

cheers for the info

nice pickup on overwhelm.com, did you manage to snag anything else

They managed to catch their mistake in time, and many of the other names I had interest in were pulled from the site temporarily for "repricing". I expect them to be back in the next few days.

Justin

 

[malibumobile]

I'll note additionally that I have received 4 emails back from iREIT sales reps on domains that I inquired about several months ago.

A flurry of sales rep responses all of a sudden goes in-hand with their listing activity.

 

[gazzip]

Interesting, maybe just spring cleaning ?



.

 

[Spade]

Interesting, maybe just spring cleaning ?

.

Im not sure what their entire holdings consist of, but I believe its well over 150,000 domains being listed for sale on Afternic/BuyDomains

 

[inquirerSG]

maybe related to the drop in parking

 

[malibumobile]

I wouldn't be surprised if it's an effort to boost revenues while they are being looked at by a potential buyer.

 

[Spade]

maybe related to the drop in parking

I think fundamentally, its signaling a shift in domain monetization. When the big guys start to change the way they do business, it should say something about the direction of our industry.

It seems without development, domains simply dont generate the revenue any more they used to. This in large part to the big three focusing more on "user experience"

Justin

I wouldn't be surprised if it's an effort to boost revenues while they are being looked at by a potential buyer.

Fabulous is also putting up for sale a large chunk of its portfolio.... Coincidense?

 

[gazzip]

Im not sure what their entire holdings consist of, but I believe its well over 150,000 domains being listed for sale on Afternic/BuyDomains

Looks like they may have been trying to sell for a while now, I just looked at about 1000 of their names parked for sale in Mr Google


....A few nice ones like hivpositive.com


.

 

[Jeff]

Future of parking?

Fabulous is also putting up for sale a large chunk of its portfolio.... Coincidense?

Not a coincidence, IMHO ... and I concur with your point regarding the question of stable and sustainable monetizations, in the absence of real developments, as well. :blink:
-Jeff

 

[sf2010]

Wow, English dotCom!?

I wonder how much it will go for?

 

[VURG]

Are you sure that Overwhelm.com was a bargain?

 

[Pound]

Are you sure that Overwhelm.com was a bargain?

I would appraise it at mid-high $xxx.

 

[domainman101]

These guys were supposedly on a buying spree not to long ago.... any insiders with the real story behind the sale?

 

[Jeff]

Looks to be a lot of dilution coming into the market...

Righto.
Increased supply ... with less (or equal) demand; not a good near-term mixture, IMHO. :blink:

-Jeff

 

[VURG]

I would appraise it at mid-high $xxx.

So would you buy Overwhelm.com for $500 then? More like a low $XXX name.

 

[tonyfloyd]

could it also be that arb has dried up as well?

 

[AussieDomainer]

I'm grinning I just picked up a CVCV.com from them for under $500. Will reveal it in a day or so once it's all processed.

 

[Broker]

I think fundamentally, its signaling a shift in domain monetization. When the big guys start to change the way they do business, it should say something about the direction of our industry.

It seems without development, domains simply dont generate the revenue any more they used to. This in large part to the big three focusing more on "user experience"

Justin



Fabulous is also putting up for sale a large chunk of its portfolio.... Coincidense?

I can only wonder if this is this case and it appears to be, will this start to show and or change the true value of a domain name? If revenue on a premium single word .com (english.com as an example) goes to crap due to all this strange parking behavior and its not producing revenue, whats it really worth?

If I were a big investor and was interested in that domain, I'd want to know what my roi is going to be. With zero parking revenue or no way to judge its value, I feel it kinda makes it hard to put a price tag on domains if all this holds true in some way.

I dont know, I'm confused