NamesCon 2020 Auction will be unsuccessful in that way

[Al Marri]

Hello everyone

in that way they will be unsuccessful

On Nov 23, 2019 i did submission 65 of my domain names to the NamesCon 2020 Auction .

This comparison between 8 domain names :

Those my 65 domain names :

1. B.Company
2. F.Company
3. H.Company
4. I.Company
5. L.Company
6. M.Company
7. O.Company
8. Q.Company
9. S.Company
10. V.Company
11. W.Company
12. Y.Company
13. Z.Company
14. DD.Company
15. FF.Company
16. HH.Company
17. II.Company
18. MM.Company
19. PP.Company
20. SS.Company
21. Ad.Company
22. TV.Company
23. EV.Company
24. Holding.Company
25. Private.Company
26. Group.Company
27. General.Company
28. Worldwide.Company
29. Conglomerate.Company
30. Car.Company
31. Motor.Company
32. Automotive.Company
33. Aircraft.Company
34. Helicopter.Company
35. Telecom.Company
36. Phone.Company
37. Watch.Company
38. Computer.Company
39. System.Company
40. Design.Company
41. Mail.Company
42. Electronic.Company
43. Currency.Company
44. Card.Company
45. Business.Company
46. Billionaire.Company
47. Commercial.Company
48. Investor.Company
49. Broker.Company
50. Construction.Company
51. Estate.Company
52. Taxi.Company
53. Marketing.Company
54. Candy.Company
55. Energy.Company
56. Petrol.Company
57. Gold.Company
58. Cigar.Company
59. Cigarette.Company
60. Cosmetic.Company
61. Courier.Company
62. Media.Company
63. Weapon.Company
64. Coffee.Company
65. Tea.Company

Those some of domain names they allow to list it !!!:

1. kinky.biz
2. election.xyz
3. surveys.xyz
4. 01591.com
5. 03856.com
6. 03857.com
7. 04706.com
8. 04826.com
9. 05781.com
10. 05857.com
11. 06164.com
12. 4962.com
13. ddd.nyc
14. realestate.nyc
15. 7864.com
16. confidential.info
17. kazakhstan.info
18. beachfront.property
19. sterlingsilverbracelets.com
20. networkingcertications.com
21. immigrationservice.com
22. whatsmyipaddress.com
23. antivirussoftware.com
24. floridagrapefruit.com
25. interiordecorators.com
26. internetcomputer.com
27. cannabistechnology.com
28. soundproduction.com
29. anniversaryrings.com
30. downtimemonitoring.com
31. brandoptimization.com
32. marijuanasupplies.com
33. internetbroadcasting.com

So i don't recommend people work with them this will be my last time .

No Justice

Done .

Al marri

 

[Fortnite]

You priced ur domains millions based on google owning some ".company" domain....But Realistically the price of 1 letter ".company" domains are around 3000-5000 usd...Now when u decide to come back to earth sooner or later you may have some sales around that price range..till then enjoy ur stay on Mars.

Having said that, we are in no denial that you have a nice portfolio of ".company" domains, if you dont want to sell for a reasonable price range in 4 figures, then wait until one day it starts trending then u might have a 5-6 figure sales...would be a very long wait tho, might as well save it for the next gen.

 

[JudgeMind]

Show attachment 141728

ok, so network solutions is saying its popular. Maybe by number of registrations?

For an auction and for end user sales, .com would win, so I can see why they chose the .com names over .company.

If you look on namebio.com there are only 24 .company reported sales since 2014, some of those are reseller sales (ex. i.company). If you compare to .com that's is likely a fraction of a percent of the reported .com sales.

No doubt there is some value in .company names, but at a lower price point then .com and less number of end users interested. In an auction setting, especially with a reserve price, I don't see .company doing well, so namescon made the right decision to go with .com as there is more of a buyer pool.

 

[Samer]

i think it will be a success,

the more dot com, the better

Samer

 

[Kostas]

1. You didn't mention the reserve prices you requested so there is no point in even discussing if it's fair or not without that information.
2. The only way I could see them accepted is if they had no reserve or $xxx. In the current market, on an investor's auction, your best names could fetch maybe $2,000-$3,000. You have the right to price your domains at whatever price level you want but realistically, car.company for example, wouldn't fetch more than $2k in the namescon auction. Mycar.com is magnitudes better and more valuable than car.company for the average investor.

To be fair, if you submitted with no reserve they should've accepted some domains like i.company, car.company.

At this point, .company doesn't have any special value, it's no.43 in terms of registrations and the value lies in the combination and not on the keyword of the left side. If at some point .company rivaled .com in terms of enduser popularity and registrations your pricing would make sense but that's not gonna happen.

 

[Internet.Domains]

@Almarri.Company has some great combinations. Some of those deserve a chance to be tested by the market. Let the market decide if NewG's are worthy.

What's it going to hurt?

Unfortunately, this is a loss to the free market, to the bidders, more than a loss to @Almarri.Company.

Hopefully, those that decide will reconsider and allow for some of these NewG's to be submitted, to see how the bidders feel. Until then, nobody knows.

 

[Lord Antares]

@Almarri.Company has some great combinations. Some of those deserve a chance to be tested by the market. Let the market decide if NewG's are worthy.

What's it going to hurt?

Unfortunately, this is a loss to the free market, to the bidders, more than a loss to @Almarri.Company.

Hopefully, those that decide will reconsider and allow for some of these NewG's to be submitted, to see how the bidders feel. Until then, nobody knows.

Bro, he asked for an insane reserve price. He even said they offered to auction his names last year, but he refused without the reserve.

 

[Kostas]

@Almarri.Company has some great combinations. Some of those deserve a chance to be tested by the market. Let the market decide if NewG's are worthy.

What's it going to hurt?

Unfortunately, this is a loss to the free market, to the bidders, more than a loss to @Almarri.Company.

Hopefully, those that decide will reconsider and allow for some of these NewG's to be submitted, to see how the bidders feel. Until then, nobody knows.

How will the free market judge when there is a 5-figure(or higher) reserve on a name like car.company?
I agree that more ngtlds could have been in the namescon auction but it's all about quality, renewal cost and reserve.

What would help the ngtld market and provide more visibility is godaddy auctioning off expired ngtlds. That would create a point of reference for most investors that currently wouldn't even consider ngtlds as an investment option. In 2019, 2/3 of reported .com sales on namebio were expired GD auctions.

 

[Internet.Domains]

How will the free market judge when there is a 5-figure(or higher) reserve on a name like car.company?
I agree that more ngtlds could have been in the namescon auction but it's all about quality, renewal cost and reserve.

What would help the ngtld market and provide more visibility is godaddy auctioning off expired ngtlds. That would create a point of reference for most investors that currently wouldn't even consider ngtlds as an investment option. In 2019, 2/3 of reported .com sales on namebio were expired GD auctions.

I didn't see where you got that reserve price, but it wouldn't matter. There has been multiple six figure sales in the past with NewG's.

I am not making a case against .com, I am simply stating that if NewG's are not included, how can we even set a baseline for what the reserves should be? The waters are untested. The baseline has not been established.

 

[branding]

Great thread. I like the added insight to the selection process posted by @Jothan Frakes .

Thanks.

I am not making a case against .com, I am simply stating that if NewG's are not included, how can we even set a baseline for what the reserves should be? The waters are untested. The baseline has not been established.

I don't think the reserve matters for new new TLDs if they're good names. Give them a $100 reserve for all I care. If there's demand there will be bids.

So @Almarri.Company what were your reserves if you care to share?

 

[Kostas]

I didn't see where you got that reserve price, but it wouldn't matter. There has been multiple six figure sales in the past with NewG's.

I am not making a case against .com, I am simply stating that if NewG's are not included, how can we even set a baseline for what the reserves should be? The waters are untested. The baseline has not been established.

It's true, I don't know what the reserve was and as I stated in my first post, it makes no sense to discuss this without knowing that but from what I remember, asking prices are in the millions so it makes sense the reserve to have been at least 5-figures.

In any case, we don't know how many ngtld submissions were made that satisfied the 3 most important factors(quality, reserve, renewal) so we can't judge if namescon made a fair selection. If you look at past auctions you'll see great names selling for very low so I think that's one factor that more investors didn't submit their names. For example, last year, one of the top sales, rental.property sold for $1,100 which is extremely low if we compare it to what rentalproperty.com would have sold for in the same auction.

 

[johnn]

Just called Namescon and they said they will promote .Company in their auction starting 2029,

 

[Name Trader]

.Co is a considerably better extension than .Company. .Com is considerably better than .Co

 

[iAdam]

I think .company is only good for companies that have "company" as part of their name/branding
i.e TheTshirt.company or if you use company as the word of association with another i.e enjoy your .company etc

Good luck

 

[wwwweb]

Do you guys remember a few years ago Wine.Club sold for $140K, the next year I believe wineclub.com was in the auction, and it didn't meet reserve, I think it reached in the $70K, and didn't hit it's reserve.

The person who bought wine.club has done nothing with it for years, and I guess they haven't got that magic offer either. Wine.Club was a registry sale.

Also in regards to OP topic, Namescon auction has stated they do not want any premium renewal gtld's in the auction, so some of the OP's submissions would be disqualified. You have to take into account, there are a lot of submissions, and only a % can be accepted, I don't think these are top tier, I have many single letter grandfathered low renewal single letter gtld's, they don't sell thru like you think. You basically have to hit a homerun with one, to pay for them all, and the annual carrying costs.

You have to think who is your target market in the room, is Frank going to pay a premium price for a gtld, when he has unlimited amounts on his own extension. I can't get to excited about these names in an audience of some of the others, if this person is asking 5 figures, there is so much better value to be had. Why corner yourself with a GTLD at a premium price, .company is a longer extension, and sometimes plain generics are very hard to develop. I mean who is the target market for Car.Company? Tesla? I can't see anyone paying 5,6, or the 7 figures the person advertises on namepros for.

You have to be realistic, sure stupid buys happen from time, to time. It is more rare in a room of educated investors, I believe last year the gtld's did not fare to well.

 

[Al Marri]

Great thread. I like the added insight to the selection process posted by @Jothan Frakes .

Thanks.



I don't think the reserve matters for new new TLDs if they're good names. Give them a $100 reserve for all I care. If there's demand there will be bids.

So @Almarri.Company what were your reserves if you care to share?

So if i already rejected some offers $xx,xxx , $xxx,xxx before , so you want me list that name with reserve $x,xx or $x,xxx or no reserve

Imagine they ask me in NamesCon Europe 2019 in the last 24 hr to add coffee.company with out reserve !!! .
They think people are stupid

 

[Name Trader]

So if i already rejected some offers $xx,xxx , $xxx,xxx before , so you want me list that name with reserve $x,xx or $x,xxx or no reserve

Imagine they ask me in NamesCon Europe 2019 in the last 24 hr to add coffee.company with out reserve !!! .
They think people are stupid

I don't think you should take that personally. I think NamesCon is an equal opportunity abuser. They are running an auction. They want to make sales. I don't suppose they would know that you had already turned down $xx,xxx or $xxx,xxx for some of your domains. I wouldn't post a domain for auction without a reserve price at NamesCon looking at their 2019 results. Which were quite poor, IMHO. Although I suspect the reserve prices you are/were asking are too high. IMHO

 

[slader23]

Your domains are not even close to as valuable as the ones you compared them with....especially in terms of liquidity and the overall global mind-share of the extensions they represent.

I think you need to step out of the box you're in with .company and try and learn from this experience. I'm not saying your names are bad, but you need to come to terms with the actual dynamics of the domain aftermarket and what constitutes value. Let this experience be a lesson that you can learn from, hopefully it will prompt you to start participating in the aftermarket because until you start actively buying domains that can be traded and resold at wholesale value to other investors, you will continue to be at whits with everyone else when it comes to the value of your domains.

The problem here is not Namescon, it's your overall lack of understanding of the market.

 

[wwwweb]

Insult to injury turning down 6 figure offers on a .company name is absurd, namescon less auction commission would be a waste of time, something doesn’t add up here.

 

[Lord Antares]

So if i already rejected some offers $xx,xxx , $xxx,xxx before , so you want me list that name with reserve $x,xx or $x,xxx or no reserve

I don't believe you.

 

[Fortnite]

So if i already rejected some offers $xx,xxx , $xxx,xxx before , so you want me list that name with reserve $x,xx or $x,xxx or no reserve

Imagine they ask me in NamesCon Europe 2019 in the last 24 hr to add coffee.company with out reserve !!! .
They think people are stupid

Next time set ur BIN at 8-9 figures, then u can reject the 7 figures as well...But in all seriousness, I would love to see u sell one of them in 6 figures and prove everyone wrong with proof instead of just making claims without proofs

 

[branding]

So if i already rejected some offers $xx,xxx , $xxx,xxx before , so you want me list that name with reserve $x,xx or $x,xxx or no reserve

Imagine they ask me in NamesCon Europe 2019 in the last 24 hr to add coffee.company with out reserve !!! .
They think people are stupid

Keep in mind namescon is a reseller market. If you had xx,xxx offers, don't even expect those kind of offers there.

If you pick this venue to sell, get your expectations right.

It's about establishing a baseline. Submit a couple with low x,xxx reserve in 2020, sell some, generate sales data, go for the big win in 2021.

 

[johnn]

Live auction will be one day and 22 hours.
Update:

https://www.proxibid.com/RightOfThe...alog/172780?srch=&srchloc=true&ipp=100&sort=0

 

[Name Trader]

Live auction will be one day and 22 hours.
Update:

https://www.proxibid.com/RightOfThe...alog/172780?srch=&srchloc=true&ipp=100&sort=0

You could die, god forbid, from the time you placed your bid and the end of the auction. Let's hope you are outbid before you die