LLLL.com Live Auction

[bfluid]

No more submissions.

The "LLLL.com Exclusive Live Auction" is final. It will be held on March 22nd at 3PM EST (GMT-5).

For listings: http://www.tymaier.com/listings/ .

This auction will be conducted in the Namepros Chatroom.

Prebidding here.

No submission fee.

To sell your LLLL.com's please send me the following information about the name(s) you are selling:

Name:
Registrar:
Expiration:
Description (If any, this doesn't matter unless you want to utilize it.):
Payment Options:

Reserve is gone and we are going to impend a buyout clause instead. The clause is 20% with a $5 cap.

Also, Bidders with 0 trader rating must complete payment on a winning auction before bidding again.

With Integrity,
Ty Maier

 

[bfluid]

Thank you.

It wasn't a great sale but we tried hard.

 

[thetruman]

looking at the (again ) rising prices in other venues, I think buyers missed a chance :hehe:
Thank you for the nice event!

 

[Krossat]

It was a great attempt.
You've started something you can take ahead and really do wonders
I think reserves would be a great idea for the next one !

 

[jido]

The pre-bid was like a reserve no?

Too bad the prices did not pick up, not enough buyers? And yes the buyout option means that you don't know how much you can put on the next domain or set. There has to be a better way.

 

[DomainMagnate]

It was a great attempt.
You've started something you can take ahead and really do wonders
I think reserves would be a great idea for the next one !

agreed on reserves instead of the buyout clause. It looks weird seeing $10K+ bids on lots while the buyer can just pay $5 and not to sell. I think it makes the whole auction less serious.

Once again kudos for the first attempt, hopefully we'll see many more with better results

 

[Red Rock]

This was great for me.
I just recently joined NamePros (few months ago)
I didn't have 1 LLLL.com in my portfolio til the auction today.
I now join the ranks of some of the big dogs...just kidding!

1 question to anyone who holds any of these.
Is there a site that has some values on these 4 LLLL.coms?
I'm not sure how I did.
LOL
I might have bid a little high on the ones I won.
I'm not really sure.
Even if I did bid a bit high, I'm sure the x-tra $ I spent,
was well worth the wealth of knowledge I have gained
since being a member here!
Thx for the auction!
Red Rock!

 

[-REECE-]

I missed the auction unfortunately and just got on now to check the results...

I think the timing (right between Good Friday and Easter) hurt performance. I know alot of people (myself included) had things other than domaining on our minds lately...

This was great for me.
I just recently joined NamePros (few months ago)
I didn't have 1 LLLL.com in my portfolio til the auction today.
I now join the ranks of some of the big dogs...just kidding!

1 question to anyone who holds any of these.
Is there a site that has some values on these 4 LLLL.coms?
I'm not sure how I did.
LOL
I might have bid a little high on the ones I won.
I'm not really sure.
Even if I did bid a bit high, I'm sure the x-tra $ I spent,
was well worth the wealth of knowledge I have gained
since being a member here!
Thx for the auction!
Red Rock!

Hi Red Rock, the 2 sites I'd recommend for keeping up with prices in the LLLL.com market are www.tdvr.com and www.4letternoob.com .

 

[Red Rock]

Hi Red Rock, the 2 sites I'd recommend for keeping up with prices in the LLLL.com market are www.tdvr.com and www.4letternoob.com .

Hey Reece,
Thank You Very Much!
Rep Added!

 

[Domain Shane]

Has to be reserves or it won't work.
1. You spend all that time bidding and for $5 they buy it back
2. The bidders skip auctions they would have bid on because they don't want to spend money they don't have only to find out the bid wasn't accepted

Who cares about quantities of bids when the end result is not a sale of a domain. If the domain is skipped over because the reserve is too high then it shouldn't have been in the auction anyway. Or don't disclose the reserve until the end of the item's bids and then see if anyone wants it at reserve price if reserve wasn't met. Maybe someone will bid up. With the buyback 0% chance.

Auction wasn't a total failure but the format has no future and simply doesn't work. It doesn't discount the hard work

 

[advaita]

Anyone got a link to the results ?

 

[-REECE-]

http://www.tymaier.com/listings/sales.htm

Anyone got a link to the results ?

Agreed.

I for one will be taking the "buy back" on every name I had in the auction. At $5 per name, there really isn't much discouraging me from taking anything less than I want for them...

If we were to plan this more in advance, I'm sure we could get a few people together who could help with the setting of reasonable reserves that the sellers would be happy to sell with.

As has been said a few times already, it's very discouraging to bid when you really have no clue what the current owner is holding out for. Placing a 7,5k bid on 3Par's lot was 7,5k I could have bid on other people's names had I known this wouldn't meet his reserve, in example...

Has to be reserves or it won't work.
1. You spend all that time bidding and for $5 they buy it back
2. The bidders skip auctions they would have bid on because they don't want to spend money they don't have only to find out the bid wasn't accepted

Who cares about quantities of bids when the end result is not a sale of a domain. If the domain is skipped over because the reserve is too high then it shouldn't have been in the auction anyway. Or don't disclose the reserve until the end of the item's bids and then see if anyone wants it at reserve price if reserve wasn't met. Maybe someone will bid up. With the buyback 0% chance.

Auction wasn't a total failure but the format has no future and simply doesn't work. It doesn't discount the hard work

 

[mntor]

Many thanks to bfluid and mwzd for their efforts. I miseed the auction due to the odd timing (my local time).

As many had pointed out next time we should have a Reserve price auction or atleast a higher buyout clause(may be something like 5% of the winning bid). It would definitely make the seller & buyer more serious.

Thanks.

 

[zurc.net]

Many thanks to bfluid and mwzd for their efforts. I miseed the auction due to the odd timing (my local time).

As many had pointed out next time we should have a Reserve price auction or atleast a higher buyout clause(may be something like 5% of the winning bid). It would definitely make the seller & buyer more serious.

Thanks.

I agree, buy out clause makes it dumb because then you have a bunch of people bidding as low as possible to make money off the clause and they majority over the serious bidders.

I made out well on my domains I sold, I was happy with the decent pricing, but I saw alot of good domains get low balled.

Just my .02
-zurc

 

[zurc.net]

Both payments received from both my buyers, both domains pushed!

Thanks guys!
-zurc

 

[Toscadal]

Results

Anyone got a link to the results ?

http://www.tymaier.com/listings/sales.htm

 

[mwzd]

I think all the kudos for organising this and getting it together goes to bfluid. He put in a LOT of effort and hard work to get it together. :great: I just stepped in to help out an overworked fellow NPer who was handling more than one person should. :p

And even though we agree the results were not as great as they could have been, it was a great learning experience for all involved and for me too, as it was my first live auction as an auctioneer.

And it was way more effort than most other people are willing to put in - everyone talks about it, here's someone who went ahead and did it. Getting the permissions, managing submissions, creating lists, updating lists, answering endless pms, rectifying errors, getting the word out, inducing people to blog about it and much much more. :kickass:

Hats off to you Ty, and congratulations. :tu:

Congrats also to NP management and staff, for proactively providing their facilities and support. :santa:

My analysis -

1. The Easter weekend hurt, a lot of people who could/should have been there were not. Choosing the right date is more important than we thought. So no weekends, holidays and major 'family' days for live auctions.

2. The time confusion hurt too, people were there for one hour before the event even started, restless crowds are not the best for auctions.

3. The $5 buyout clause for high value (or even not so high value) domains didn't work either. I'd think a reserve price as start would work a lot better, NP auctions follow this format. While this might mean less bids, it would ensure that those that did receive bids would be sold. And sellers wouldn't be out anything (not that $5 makes a difference).

4. There was no paid advertising to support the event, something that seems to be a must for domains that value in at $300k or more. Maybe a payment for each lot would keep out the low value names, bring the list down to a more manageable level (2 hrs).

5. A themed auction might also be desirable - a. High Value names (above $10k) b. Middle value names ($1k-$10) c. Low value names ($100-$1k) would also be better in attracting the right crowd for each event. Someone with $100k to spend might not want to hang around for 2-3 hours.

I'm sure I'll have many more ideas once my coffee goes in but these are off the top of my head. Thanks to all the sellers, bidders and participants, cheers!

 

[kong707]

I also missed the auction . I though it would be held at 23 not 22 . I saw a lot of bargain if seller do not use buyout clause.

 

[-REECE-]

Agree with mwzd 100% on all points and I really do appreciate the work Ty put into this, as well as everyone who helped out in whatever way they could :tu:

Advertising is crucial if we are to get the crowds that will generate the bids. Advertising does usually cost money and making this the best it could be may very well mean charging a fee to list domains so that advertising can be purchased. Definitely worth repeating that it was very kind of RJ and NP Management to provide free advertising for the LLLL.com Auction on Namepros.

I'm sending Ty 1000 NP$ now as a thank you for taking the time to put this all together. I really admire the initiative he took here and hope some of you will reciprocate my donation to Ty and we can convince him to give this another shot down the road.

I think all the kudos for organising this and getting it together goes to bfluid. He put in a LOT of effort and hard work to get it together. :great: I just stepped in to help out an overworked fellow NPer who was handling more than one person should. :p

And even though we agree the results were not as great as they could have been, it was a great learning experience for all involved and for me too, as it was my first live auction as an auctioneer.

And it was way more effort than most other people are willing to put in - everyone talks about it, here's someone who went ahead and did it. Getting the permissions, managing submissions, creating lists, updating lists, answering endless pms, rectifying errors, getting the word out, inducing people to blog about it and much much more. :kickass:

Hats off to you Ty, and congratulations. :tu:

Congrats also to NP management and staff, for proactively providing their facilities and support. :santa:

My analysis -

1. The Easter weekend hurt, a lot of people who could/should have been there were not. Choosing the right date is more important than we thought. So no weekends, holidays and major 'family' days for live auctions.

2. The time confusion hurt too, people were there for one hour before the event even started, restless crowds are not the best for auctions.

3. The $5 buyout clause for high value (or even not so high value) domains didn't work either. I'd think a reserve price as start would work a lot better, NP auctions follow this format. While this might mean less bids, it would ensure that those that did receive bids would be sold. And sellers wouldn't be out anything (not that $5 makes a difference).

4. There was no paid advertising to support the event, something that seems to be a must for domains that value in at $300k or more. Maybe a payment for each lot would keep out the low value names, bring the list down to a more manageable level (2 hrs).

5. A themed auction might also be desirable - a. High Value names (above $10k) b. Middle value names ($1k-$10) c. Low value names ($100-$1k) would also be better in attracting the right crowd for each event. Someone with $100k to spend might not want to hang around for 2-3 hours.

I'm sure I'll have many more ideas once my coffee goes in but these are off the top of my head. Thanks to all the sellers, bidders and participants, cheers!

 

[Krossat]

It was definitely a plus for me. I would personally say it I dont regret spending 5 hours of my time. Looking at the bids and the trend of bidding gave me a new perspective to the whole thing. Now i know what to expect and what to put up for sale at the auctions.
Agreed, i got lower bids than expected on my domains, but my domains also got a bit of exposure and i have been contacted already for similar names in a specific price range. That, for me is great news.
Speaking about the faults in the auction, there oughta be a few hiccups in any new endeavour, but overall it went down quite smoothly. I hope the next auction is not very far away; already looking forward to it.
And btw, i would think we need to contribute a little towards bfluids efforts; in the form of donations however small they may be, to encourage him to keep up the good work
Once again, great work done guys.

 

[Shenron]

Yes, the low buyout clause broke it imho.

I have won 2 nice lots that of course the sellers wouldn't let go at such a low price:

100 Quad Premium LLLL.nets - $520 (worth at least $1000 in a bulk deal)
Harv.net - $120 (Worth at least $500)

I didn't collect the 10 bucks, really... :D