domains RedX.com: The $59,777 Buyer is Revealed

[James Iles]

Last week, the domain name RedX.com sold for $59,777 at an expiration auction at GoDaddy, leading many investors to speculate who the buyer is. At such a high sales price, many assumed that the new owner is an end-user. Those assumptions are correct.

The WHOIS details for the RedX.com domain name have now changed to show the new owner is... read more

 

[TERADOMAIN]

Thanks for sharing

 

[iKhalyfah]

Interesting. Thanks

 

[J Sokol]

Interesting. There's a long-standing store in the Kansas City area called The Red X. It's a convenience-type store that used to be known for selling winning lottery tickets.

https://www.riversideredx.com

 

[FolioTeam]

Thanks for sharing

 

[King]

Sounds like a p0rn site lol.

 

[pb]

So the domain is not RedX.com any more, but REDX.com, if we insist on capitalizing.

 

[Samer]

I was right, @Corey

 

[Omotayo1]

Good Read

 

[WhoaDomain.com]

Last week, the domain name RedX.com sold for $59,777 at an expiration auction at GoDaddy, leading many investors to speculate who the buyer is. At such a high sales price, many assumed that the new owner is an end-user. Those assumptions are correct.

The WHOIS details for the RedX.com domain name have now changed to show the new owner is... read more

Hi James.

Not to be the jerk to point this out. Here to help. That "read more" link ended up me getting this alert from my Mcafee.

You might want to look into why Mcafee is saying this about your website. Sorry to point it out. You might lose visitors if Mcafee is doing that.

 

[Prince X]

Nice Share ...

 

[Bob Hawkes]

So Green Seed Technologies bought RedX for software they have under that name? That is confusing .

Seriously, thanks for unravelling the story for us @James Iles. Yes, would be interesting to know if the other bidder was an end user too, as you speculate. I had wondered if any chance these folks wanted a shorter domain name, they certainly have deep pockets.

Bob

 

[.NJ]

Soooooo, who was bidding against them to the point of $59k?

Other domainers?? No way

Other endusers?? Nope.

Thats some shady bidding $hit....

 

[bmugford]

Did it sell for that price, or "sell" for that price?

I know there are sometimes major gaps between the final bidding price, and the final price actually paid after non-paying bidders are removed.

It is pretty hard for me to believe there were (2) buyers willing to pay close to $60K for this domain. Shout out to GoDaddy auctions for consistently getting prices on expired auctions that no one else could, which seem far over market value.

Brad

 

[Bob Hawkes]

Did it sell for that price, or "sell" for that price?

I know there are sometimes major gaps between the final bidding price, and the final price actually paid after non-paying bidders are removed.

It is pretty hard for me to believe there were (2) buyers willing to pay close to $60K for this domain. Shout out to GoDaddy auctions for consistently getting prices on expired auctions that no one else could.

Brad

Agreed, that often happens, but where the domain name so quickly changed hands after the auction close probably means it is more likely top bidder paid, does it not? Like do they wait some number of days on a nonpaying bidder, or ever extend the time limit in their TOS?

 

[bmugford]

Agreed, that often happens, but where the domain name so quickly changed hands after the auction close probably means it is more likely top bidder paid, does it not? Like do they wait some number of days on a nonpaying bidder, or ever extend the time limit in their TOS?

I am not that familiar with the current GD expired auction system. I generally quit using it a long time ago because of the lack of buying opportunities and games that were being played.

I know in the past if the high bidder didn't pay you would have a limited time to buy it, with their bids removed.

This system would allow (multiple) bidders to run up auction prices way over market value, then someone gets it at a major discount after all the non-paying bids were removed.

I sure hope that system has changed.

Brad

 

[.NJ]

Did it sell for that price, or "sell" for that price?

It is pretty hard for me to believe there were (2) buyers willing to pay close to $60K for this domain. Shout out to GoDaddy auctions for consistently getting prices on expired auctions that no one else could, which seem far over market value.

Brad

There is a better chance of winning the mega millions then multiple people bidding this name up to $59k.

Shady shenanigans as usual....

 

[xcloud123]

if it is MedX.com

 

[wwwweb]

I wonder if the second highest bidder was lobbying to buy it for the fact of selling it to the party that ended up being the winning bidder? I can see why the winning bidder paid such an amount, but an outside party paying such a sum?

The reverse issue happend with the userbase.com auction where as it looked like the winning bidder was lobbying to purchase it to the end user, who was very public in stating exactly what they would pay for it, which is what happend when the top bidder failed to pay.

 

[enterscope]

When endusers battle it out, we see the true value of domains.

RedX.com is a super premium domain, $50k isn't out of the ordinary for this one. But definitely high for Godaddy auctions.