LLL.com dropping today?

[krishmk]

VRT.com is possibly yet to be deleted today by Ascio Tech.
Already see 63 bids in namejet
Current highest bid:$5000

 

[qq89809]

yes,vrt.com

 

[krishmk]

I guess it takes upto 48 hours to get updated in whois database after the 5 days window.

 

[Sameh]

Dropped & captured by SnapNames. current bid $4.5k

 

[krishmk]

Dropped & captured by SnapNames. current bid $4.5k

hmm. Snapnames rocks!
Are u sure it is $4.5k, I remember seeing $5k as the highest bid on Apr 17th?

 

[Sameh]

hmm. Snapnames rocks!
Are u sure it is $4.5k, I remember seeing $5k as the highest bid on Apr 17th?

That was the highest pre-bid on NameJet.

It's now $6,100 @ SnapNames.

 

[bamaboy]

cool domain, was unaware of the drop.
congrats to snapnames :p

 

[John Baron]

i domt understand people. how can someone let LLL.com drop like that?

By the way, do you guys know what was the biggest value domain drop in the past?

 

[-REECE-]

I don't know anything about Ascio Tech (apparently the previous owner), however a lot of the LLL.coms that have dropped in the recent past have been ones owned by corporations who no longer had any use for the name. I can't understand why they don't at least try to sell them -- surely they've been spammed offers in the past like every other LLL.com owner has. Who honestly couldn't use an extra few thousand for essentially no work? Put this domain on Namepros at $3000 and it'll be sold inside of an hour. I don't know many people who make $3000 an hour...

i domt understand people. how can someone let LLL.com drop like that?

By the way, do you guys know what was the biggest value domain drop in the past?

 

[Kate]

I guess that many of the corporations that go under just forget about their domain names and let them expire.
Some may realize that their domain has value but they don't know how to put it up for sale and what are the proper venues etc.

Sometimes it's worse, domain names run on 'autopilot' as the person in charge has left. Domain names continue to work as long as the corporation is in existence and pays the yearly renewal bill.

 

[Jaco]

I guess that many of the corporations that go under just forget about their domain names and let them expire.
Some may realize that their domain has value but they don't know how to put it up for sale and what are the proper venues etc.

Sometimes it's worse, domain names run on 'autopilot' as the person in charge has left. Domain names continue to work as long as the corporation is in existence and pays the yearly renewal bill.

This is a very (probably, the most) likely scenario.
Bob, Tom and Bill get together for Form Xavier Gyros Unlimited in 1996.
Figuring that 'this new internet thing' might have legs, they register XGU.com for a few bucks and forget about it. XGU goes busto in 2001 and the remaining assets are divided up amongst the shareholders. None of the interested parties know anything about "domain names" and if you asked them, they'd probably think that if they ever needed XGU.com again, they could just go pay $10 and reregister it.

Given the absolutely epic rise in premium .com domain prices in the last 10 years, it's actually very common for people to own highly valuable domains and be completely unaware of their open-market worth. My brother, who owns precisely one domain name, registered a ridiculously good e prefix dictionary word in 1998 and has kept it ever since. The only reason he has a clue of its worth is because of my interest in domains and keeping him in the loop (as well as begging him to let me dev it). Without me, he'd probably have sold it to the first person who offered him $500. (although he does deserve huge credit for seeing the value in an e prefix in 1998)

It's like people who are on vacation and decide to buy a painting from one of the local street artists. They hang it on their wall and there it sits for a few decades, without anyone thinking much about it. In the mean time, said artist becomes very famous and his works highly desirable... last year, they were redecorating and decided they were sick of looking at it, so they sold it at a garage sale for $5.

It's a pretty standard tale of any object that sees dramatic price rises within the space of a generation. Often times, the owners who bought it when it was seemingly unimportant are completely oblivious to it's contemporary market relevance, due to the simple fact that it had no such relevance when they acquired it.

Another possibility is that the registrant passed away and didn't bother to tell his family about the domains he owned.

 

[SiKing]

Unfortunately in this world, people become ill, accidents happen and people pass away. Sometimes there are more important things than money and domain names. Perhaps the owner(s) had something more important to deal with over recent months.

No one knows why the domain dropped and it is not for us to speculate. Move on.

 

[krishmk]

There are many possibilities as to why the domain wasn't renewed.
Maybe the owner(s) never realized the actual worth of their e-asset or he/she may have passed away.
On the other side, a true factor which many may disagree with me!
When you have millions in hands, you dont mind missing hundreds/thousands due to oversight.

 

[snoop]

This is a very (probably, the most) likely scenario.
Bob, Tom and Bill get together for Form Xavier Gyros Unlimited in 1996.
Figuring that 'this new internet thing' might have legs, they register XGU.com for a few bucks and forget about it. XGU goes busto in 2001 and the remaining assets are divided up amongst the shareholders. None of the interested parties know anything about "domain names" and if you asked them, they'd probably think that if they ever needed XGU.com again, they could just go pay $10 and reregister it.

Given the absolutely epic rise in premium .com domain prices in the last 10 years, it's actually very common for people to own highly valuable domains and be completely unaware of their open-market worth. My brother, who owns precisely one domain name, registered a ridiculously good e prefix dictionary word in 1998 and has kept it ever since. The only reason he has a clue of its worth is because of my interest in domains and keeping him in the loop (as well as begging him to let me dev it). Without me, he'd probably have sold it to the first person who offered him $500. (although he does deserve huge credit for seeing the value in an e prefix in 1998)

It's like people who are on vacation and decide to buy a painting from one of the local street artists. They hang it on their wall and there it sits for a few decades, without anyone thinking much about it. In the mean time, said artist becomes very famous and his works highly desirable... last year, they were redecorating and decided they were sick of looking at it, so they sold it at a garage sale for $5.

It's a pretty standard tale of any object that sees dramatic price rises within the space of a generation. Often times, the owners who bought it when it was seemingly unimportant are completely oblivious to it's contemporary market relevance, due to the simple fact that it had no such relevance when they acquired it.

Another possibility is that the registrant passed away and didn't bother to tell his family about the domains he owned.

Those people got washed out of the market years ago though (ie domain sold). I would say a 3 letter .com's dropping would be due to bankruptices or email address changes, rather than people not thinking something is valuable. They would have gone numerous offers in recently years. At the peak some people were mass spamming $6000 offers on lll.com's.

To be honest I haven't heard of any amazing cheap sales in several years, in terms of 3 letter .com's and keyword names, ie names with a liquid value of $10,000 names getting sold for $50 etc. It used to happen a bit years ago, today that kind of thing is largely a pipe dream, some people still try it though.

 

[RareIQ]

you just never know what is about to drop tomorrow....:gl:

 

[chandan]

you just never know what is about to drop tomorrow....:gl:

but u know only big guys will get those names :gl:

 

[exponent]

I contacted a company with two expiring LLL.coms about 3 years ago. I offered to pay all renewal fees as well as $250 for the domains. This single action yielded almost $15,000 in earnings for me. I openly encouraged the seller to seek an appraisal on the domains, but I suppose they declined.

The domains are out there, you just have to know where to find them.