.tv Spain.tv in Live Auction in Amsterdam

[discovernow]

Hello everybdody,

Rick Latona put my Spain.tv in Live Auction at the domain conference in Amsterdam which starts June 4th in Amsterdam. It's priced better than Germany.tv with the same renewal and personally I feel it's a better name as well, with Spain being the top tourist country in Europe.

I hope to sell this and give .tv exposure it deserves.

Thanks, Jim

 

[joned]

Just looked through the results on Proxibid. Didn't do a proper count, but it looked like only about 1 in 5 lots sold? And most were at or close to the reserve

Not the most successful auction ever. Not that that's much consolation, but you certainly weren't the only one

Cheers, Jon

 

[discovernow]

Seems fitting with the ".TV" extension, if developed ... any insight as to whether it was purchased by another domainer, or End user? :gl:
Congrats!



Good Luck in the extended auction ... will you develop this Geo ".TV" if not successful at this auction? :blink:
Best of Luck.
-Jeff

Jeff,

I plan on developing if it does not get sold. It's locked in at a low renewal of $1,000 so if the right offer came along I could sell. I believe, the right .tv could get $xxx,xxx if marketed correctly toward the end user. For example, John sold RT.tv for $62,500 to an end user, a russia media station. You won't find those people at domain conferences at the auction.

I been to a couple of domain conferences since the recession hit in 08 and there just are not the end users there. Therefore, the key to success is to find the right end users. Rick Swartz is the best at that, seems all his top sales are to end users such as Candy.com, Property.com, iReport.com, etc. They don't sell to other domainers. I will be focusing more on that in the months to come.

Thanks, Jim

 

[Jeff]

I plan on developing if it does not get sold.

Thanks, again all the best Jim! :music:

See you soon.
-Jeff

 

[snoop]

Not surprisingly the auction was a very poor result for .tv. I think most would agree though all the premiums were overpriced badly despite the claims that these had been discounted.

 

[.tv]

Not surprisingly the auction was a very poor result for .tv. I think most would agree though all the premiums were overpriced badly despite the claims that these had been discounted.

Snoop,
The auction was not a reflection of poor results for .tv. The auction did not mainly target end users, because the majority of participants were domainers.

If it had auctioned off in an auction venue like Sedo or a similar one, it would have attracted numerous bids from many end users.

 

[MrRhee]

Snoop,
The auction was not a reflection of poor results for .tv. The auction did not mainly target end users, because the majority of participants were domainers.

If it had auctioned off in an auction venue like Sedo or a similar one, it would have attracted numerous bids from many end users.

Even Sedo ends up being domainer-to-domainer unless massive promotion/lead-time beforehand. Nothing wrong with these domain conference auctions, but there are too many hurdles required for endusers to even partake, even if they are made aware beforehand.

The fact that many of the high-priced .tvs didn't sell doesn't surprise me. It was an easy prediction to make. What kind of promotion went on beforehand to invite targeted endusers? Of course the premium pricing structure has flaws, but deep down I am not sad that .tv domains didn't sell. Wrong venue. Wrong audience. Lackluster promotion. And I am not interested in too many people flocking to buy .TV premiums until I've acquired the ones I want for our own development needs.

Though I wish my fellow domainers sold names they listed, I didn't expect the domains that Demand/Enom listed to generate much interest from domainers and that doesn't even factor in the economic climate. I hope that we are going to see ENOM offer a massive discounting promotion later this year or next year. That's what I am saving my funds for... that and for my own TLD.

To each his own. Good luck to everyone.

 

[discovernow]

Not surprisingly the auction was a very poor result for .tv. I think most would agree though all the premiums were overpriced badly despite the claims that these had been discounted.

Snoop,

Name one auction that has gone real well for any extension in the last 2 years? Spain.tv not selling is OK with me, I can handle the $1,000 renewal on that. I will report back to you within 2years with my ROI on that name

Thanks, Jim

 

[Jeff]

If it had auctioned off in an auction venue like Sedo or a similar one, it would have attracted numerous bids from many end users.

What would happen ... if it was placed for open auction on Sedo today (with the same, or lower, Reserve price)? :blink:
IYHO's.

Personally, as the seller previously disclosed here "I plan on developing if it does not get sold" ... I'd like to see the Geo ".TV" domain name be developed with unique and compelling content, IMHO. :gl:

Best regards,
-Jeff

 

[snoop]

Snoop,
The auction was not a reflection of poor results for .tv. The auction did not mainly target end users, because the majority of participants were domainers.

If it had auctioned off in an auction venue like Sedo or a similar one, it would have attracted numerous bids from many end users.

Regardless of what the venue was it would have done just as badly in my view, endusers very rarely partipate in auctions, they want specific names at specific times, not just whatever is for sale.

---------- Post added at 04:34 AM ---------- Previous post was at 04:21 AM ----------

Snoop,

Name one auction that has gone real well for any extension in the last 2 years? Spain.tv not selling is OK with me, I can handle the $1,000 renewal on that. I will report back to you within 2years with my ROI on that name

Thanks, Jim

Jim, if you have an ROI I'm sure you'll report and if you don't well....I think we know the answer.

Regarding auctions that have done well, in comparison to these .tv auctions I'd say they all have been better. How many llives auctions can you think of where a dozen or so names are listed in an extension and only one name sells for a bit over $1000? Now the bad result for .tv is mainly to do with absurd pricing (which the story of .tv's life really), but let's not kid of outselves that .tv did just as badly as other extensions, the rest of the auction sold 600k worth of names.

 

[.tv]

Regardless of what the venue was it would have done just as badly in my view, endusers very rarely partipate in auctions, they want specific names at specific times, not just whatever is for sale.

The auction event was a big failure in my opinion because many killer names in premier extensions like .NL and .ES have received no interest at all.

The auction was not for .TV names alone, and the fact that the majority of audience were domainers and NOT end users.

Unlike the online auctions, live auctions fail to provide:

1. Extended visibility (featuring the auction in multiple websites)

2. Extended duration (usually online auctions close after 7 days from the auction start date)

3. Targeted audience base (Live auctions have very limited number of targeted audience in total, with very few end-users)

Here is the list of .NL names that were sold via Sedo's BeNeLux exclusive online auction held in November 2008 :


Aed.nl € 25,500

Mijn.nl € 19,500

Daten.nl € 18,000

liedjes.nl € 15,000

Huurautos.nl € 11,100

Kapsels.nl € 8,500

Gratisseks.nl € 7,500

Huiswerk.nl € 6,600

Alcohol.nl € 6,400

Partijen.nl € 5,000

Geurtje.nl € 4,860

Pinksteren.nl € 4,100

Profielen.nl € 4,000

Zalen.nl € 3,600

Filmen.nl € 3,500

Zeilboten.be € 1,560

Topdomein.nl € 1,000

Contrarily, the Traffic Amsterdam event has failed to push many .NL names even though the live auction event was held in Netherlands, the country which owns the .NL cctld.

The unsold .NL names in Traffic Amsterdam Live auction event:

666.nl

Local.nl

Bioscopen.nl (cinemas)

Reclames.nl (Advertisements)

The result of the live auction event clearly shows that without interest (lack of targeted audience), the domain names (irrespective of the cctlds) wont do well in a live auction event which has a very little exposure.

 

[snoop]

The auction was not for .TV names alone, and the fact that the majority of audience were domainers and NOT end users.

Enduser very rarely shop at auction, it is simply a fact. if you want endusers who will pay significantly higher prices than domainers be prepared for a long long wait and make sure you sums are right (in terms of probability of a sale). If you want to sell at auction you are selling to domainers. Domainers gave a huge thumbs down to those .tv names - the pricing made no sense.

 

[.tv]

Domainers gave a huge thumbs down to those .tv names - the pricing made no sense.

Well,

Domainers have bought $1K - $10K a year premiums from the registry, and successfully holding them since 2006.

.TV is not everyone's cup of tea, and the people who gathered at the Traffic Amsterdam auction event had interest in different cctlds, because the auction was NOT an exclusive one for .TV.

It's a good joke to expect high profile sales for a particular cctld alone among a group of domainers who had interest in many different cctlds.

I noticed that even many prime .co.uk names have failed to attract bids. It doesn't mean that the .CO.UK industry is on the downside.

The auction event was a huge failure, period. IMO

 

[snoop]

Well,

Domainers have bought $1K - $10K a year premiums from the registry, and successfully holding them since 2006.

That is largely a thing of the past in my view (in terms of domainers buying a lot of these premiums from the registry). I guess the biggest issue with these names though was they wanted a premium renewal plus a high upfront cost. Even with normal reg fees though the reserve would have made no sense on most names.

I noticed that even many prime .co.uk names have failed to attract bids. It doesn't mean that the .CO.UK industry is on the downside.

It did a heck of alot better than the .tv names on offer, ie 4 and 5 fig euro sales with the highest being 50,000 euro. The fact is names price correctly will sell.

 

[equity78]

That's true they did $600,000 snoop although 1/3 of that was one name and it was a .com. DiamondRings.com $230,179.

Any premium over $1000 is really never going to find any buyers in auction IMO, and as I have always said I am not sure unless it fits your business perfectly, not a domainer, but business is it ever worth it to go over $1000. There are plenty of names avail non reg fee to $1000 that are fine, $10,000 a year is a joke. Verisign listens to no one and that is their the problem. The survey last year meant nothing since they have implemented no change to the premium pricing.

 

[Kate]

The auction event was a big failure in my opinion because many killer names in premier extensions like .NL and .ES have received no interest at all.

The auction was not for .TV names alone, and the fact that the majority of audience were domainers and NOT end users.

Well some .nl & .es did sell, not all of them :gl:
The .tv are too expensive, not even talking about the outlandish renewal fees.

We all know these auctions are attended by domainers and only a tiny fraction of them appear to be actively dabbling in .tv. Basically it's a niche market. The pool of potential buyers is just too limited to deliver big-ticket sales.
Not to mention the economy, the fact that domainers are reconsidering their investments and even trimming their portfolios etc.
To me it doesn't make sense to spend mid $$,$$$ on a .tv - that must be developed and monetized to justify subsequent renewals, if I can buy generic, revenue-making domains in .com for similar amounts. Or I can put the money in .nl .es or .co.uk domains. There is an end user market in these extensions, and it's not as limited as the .tv market, .tv being a vanity TLD (that's a fact).

This is not to show down .tv as a TLD, but as an investment I think there are much better ways to achieve a good ROI, and pricing .tv to .com level is just inappropriate :imho:
Obviously investors are voting with their wallet.

 

[MillersCrossing]

That's true they did $600,000 snoop although 1/3 of that was one name and it was a .com. DiamondRings.com $230,179.

Any premium over $1000 is really never going to find any buyers in auction IMO, and as I have always said I am not sure unless it fits your business perfectly, not a domainer, but business is it ever worth it to go over $1000. There are plenty of names avail non reg fee to $1000 that are fine, $10,000 a year is a joke. Verisign listens to no one and that is their the problem. The survey last year meant nothing since they have implemented no change to the premium pricing.

Actually Eq, the survey did do something, Verisign hiked UP the pricing - all three letter .tvs went from $750 to $4500 and all two letters went from $1k to 10k and many many other premiums were jacked up very high aswell, hence the DIRECTV ad joke....

I think that the survey - of which I was a particpant was designed to find the pricing point at which domainers would never buy the .tvs at - and then raised the prices accordingly - to shut out the domainers and hold end users ransom...

 

[equity78]

We might want to start moving this to Jimbo's thread and close this thread as this was about Spain.tv in an auction that has ended. The content is fine but just put it in the .tv relevant thread. Good back and forth from everyone, never see you here Samit nice to see you here, but this thread title makes no sense for the discussion. Again IMO.