domains Sedo New gTLD domain auction gets underway

[equity78]

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The new gtld auction at Sedo has just gotten underway. Each name has a reserve in the $1-$99 range. The star of the auction for .xyz in my opinion is Base.xyz I think that will be the domain name closing at the highest price. There are 60 .xyz domain names in the auction. There are […]
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[wowbuild]

I'm selling base.xyz there. It's a standard renewal fee, aka $10 bucks.
I wish there was a way for that to be profiled in the listing.

 

[biggie]

Hi

the renewal prices aren't shown for those names, so you'll have to "due da due" before you do... any bidding.

ie: organic.xyz @ $1300


imo...

 

[Laguna]

Everyone I've spoke to say that their names were declined. Seems a bit fishy considering the names that have actually been approved

 

[D Haynes]

Seems pretty poorly run all round given the points made above (poor selection and renewals not made clear) and the fact they restricted the submission criteria to just a handfull extensions. Still, I've come to expect nothing less of Sedo.

 

[bmugford]

At quick glance, I looked up one term in .XYZ and it is only taken in (7) total domains.
The .COM has a BIN of $5,700.

Who selected these?

They would have been better off just focusing on the obvious good ones, instead of cluttering it with all the extra stuff.

Maybe SEDO needs more qualified staff members to realize what a good domain is.

Brad

 

[NickB]

I don't want to really single any out, but some of those terms in .XYZ would not even be that good in .COM.

Brad

It's a auction, not going to name and shame and potentially affect the bidding is the way to go.....but yeah there are some that jump out and make you scratch your head on how they got approved - which always seems to be the case with these Sedo auctions

 

[bmugford]

I was just curious, so I scanned the .XYZ terms to see what were available in .COM on the secondary market.
There are several available for $X,XXX range.

When the .COM is on the market for those prices, and not sold, I have to believe SEDO did an extremely poor job picking some of these.

I would love to see what they rejected, if this is what they actually picked.

Brad

 

[NickB]

I am interested to see the results. Many new gTLD proponents have had issues with the promotion of new gTLD on various venues, especially SEDO.

This auction is specifically dedicated to new extensions.

It's time to put up some impressive results, though in fairness there seem to be a lot of marginal combos on that list.

Brad

Marginal is putting it politely.......

Some really nice combo's in the list, but a lot of Dog ****

 

[NickB]

Hi

the renewal prices aren't shown for those names, so you'll have to "due da due" before you do... any bidding.

ie: organic.xyz @ $1300


imo...

Ouch

All Sedo put in the small print when you click "in auction" is....

Important Notice:
Please note that annual registration/renewal fees charged by registrars for domains under this top-level domain (TLD), including those charged during the transfer process, vary based on the domain and may be significantly higher than those fees charged for domains under other TLDs

Does not take much to make the renewal price clear and easy to read before someone places a bid.....

 

[bmugford]

Hi

the renewal prices aren't shown for those names, so you'll have to "due da due" before you do... any bidding.

ie: organic.xyz @ $1300


imo...

Ouch

All Sedo put in the small print when you click "in auction" is....

Important Notice:
Please note that annual registration/renewal fees charged by registrars for domains under this top-level domain (TLD), including those charged during the transfer process, vary based on the domain and may be significantly higher than those fees charged for domains under other TLDs

Does not take much to make the renewal price clear and easy to read before someone places a bid.....

Do they not show the actual renewal price?

I just see a generic disclaimer that says -

Important Notice:
Please note that annual registration/renewal fees charged by registrars for domains under this top-level domain (TLD), including those charged during the transfer process, vary based on the domain and may be significantly higher than those fees charged for domains under other TLDs

If they don't show the actual renewal that is pretty sleazy IMO. They should be completely transparent about what you are buying.

I would be pretty annoyed if I bought one of these domains and then realized it has a renewal fee of thousands of dollars a year.

SEDO. Do better.

Brad

 

[bmugford]

Well, at least there's eyes on on a lot of these, and that's a start. Bemoan the buyer that wins a domain and ends up finding out their yearly renewal is more than what they paid to actually purchase it. Always "due da due", whether it comes to renewals, TMs, sellers history whatever. A marketplace can only cover so many facets, and what they do officially cover they have to take responsibility for.

They can easily list the premium renewal fees. They chose not to.

That premium cost is directly correlated to the value of the domain, especially on the reseller market.

Brad

 

[bmugford]

I am interested to see the results. Many new gTLD proponents have had issues with the promotion of new gTLD on various venues, especially SEDO.

This auction is specifically dedicated to new extensions.

It's time to put up some impressive results, though in fairness there seem to be a lot of marginal combos on that list.

Brad

 

[bmugford]

Marginal is putting it politely.......

Some really nice combo's in the list, but a lot of Dog ****

I don't want to really single any out, but some of those terms in .XYZ would not even be that good in .COM.

Brad

 

[bmugford]

That would work. Make it stand out. Much less guesswork for the buyer and no surprises for someone just scanning through the listings.

Though would that be seen as preferential treatment of sorts.. I mean really a name is a name regardless of renewal, and an end user may just be looking for their perfect match regardless.

I don't think just simply stating a fact could be considered preferential treatment. If domains with premium renewals are in less demand, it is what it is. That is the free market deciding. It should still be transparent.

Brad

 

[Bob Hawkes]

I don't see how if Sav, a much smaller entity than Sedo, can manage to show renewal date and price for every domain in their extensive auction holdings that Sedo can't do it for 100 or so names in this promoted auction. It would improve clarity, probably encourage more bids, and make sure no one is caught off guard.

The standard disclaimer that Sedo add is not sufficient or helpful.

Re the auction itself, it seems strange in a way to limit to just these TLDs (they claim most sales on their platform in them). The strength of many new gTLD names is the match across the dot, rather than the TLD itself.

I could see perhaps having an auction just for .xyz or .app alone, but beyond that would be better to have a wide open one extension wise, but only accept truly great names.

While there are some truly superb names in this auction, there also are some names I have no idea how they were accepted.

Anyway, to those with good names, I hope you get solid prices from the auction.

Bob

 

[cabotower]

99% of submissions were rejected, including short, appropriate dictionary words. 1 was accepted, poolhall.xyz, certainly not going to compete with base.xyz but we'll see.

 

[devma]

I have 5 xyz there :D

 

[bmugford]

It's really not up to Sedo to have to disclose that though, because if the buyer chooses to have the domain transferred to a different registrar there could be a marginal difference in the rate and there's no way for them to hold accountability to it. They've done enough by posting a general disclosure, imo.

They could have done something along the lines of, "This is the renewal rate at current registrar" at the very least, for buyer awareness. Things could improve for future stuff, perhaps @Sedo could take some things from this thread into account.

These are registry premiums. Sure, the actual amount might vary by a percentage depending on the registrar itself, but the registry premium should be disclosed.

It should say something like -

"This domain has a premium renewal fee. The registry has set the renewal fee at $1,000 per year. The actual amount might vary depending on the registrar."

At best I think it is just lazy that SEDO has not disclosed that. At worst, I think it is intentionally done to not effect the results in a negative manner.

The problem though is terms like Base.xyz are going to be effected. That is likely one most people expect to have a premium renewal fee attached.

Brad

 

[bmugford]

Yeh something like that could work, what you bolded. I don't think terms would be generally affected though, just because by that logic than we can assume people know to do their due diligence.

They could at least highlight the standard renewal ones, because knowing several listings in the auction have premiums attached, it is easy to assume one like Base does since it has the same disclaimer.

Brad

 

[HotKey]

These are registry premiums. Sure, the actual amount might vary by a percentage depending on the registrar itself, but the registry premium should be disclosed.

It should say something like -

"This domain has a premium renewal fee. The registry has set the renewal fee at $1,000 per year. The actual amount might vary depending on the registrar."

At best I think it is just lazy that SEDO has not disclosed that. At worst, I think it is intentionally done to not effect the results in a negative manner.

The problem though is terms like Base.xyz are going to be effected. That is likely one most people expect to have a premium renewal fee attached.

Brad

Yeh something like that could work, what you bolded. I don't think terms would be generally affected though, just because by that logic than we can assume people know to do their due diligence.

 

[HotKey]

They could at least highlight the standard renewal ones, because knowing several listings in the auction have premiums attached, it is easy to assume one like Base does since it has the same disclaimer.

Brad

That would work. Make it stand out. Much less guesswork for the buyer and no surprises for someone just scanning through the listings.

Though would that be seen as preferential treatment of sorts.. I mean really a name is a name regardless of renewal, and an end user may just be looking for their perfect match regardless.

 

[bmugford]

I would personally be pretty upset if I listed Base.xyz in a no reserve auction, and it wasn't clear the domain came with a standard renewal fee.

That could really effect the results.

Brad

 

[kor]

They can easily list the premium renewal fees.

What's the easiest way to do this?

A while ago I searched for an API to check premium prices but couldn't find a decent source.

 

[HotKey]

Well, at least there's eyes on on a lot of these, and that's a start. Bemoan the buyer that wins a domain and ends up finding out their yearly renewal is more than what they paid to actually purchase it. Always "due da due", whether it comes to renewals, TMs, sellers history whatever. A marketplace can only cover so many facets, and what they do officially cover they have to take responsibility for.