Wealth.com auction - Reserve $2.9 million!

[Embrand]

What do you think of the upcoming auction for wealth.com at Sedo? Sure, it is a fantastic domain. But still, with a reserve at $2.9 million, buyers will be limited... I will pass, for sure :lala:

This is the full info from Sedo:

"Exclusive, one day only Auction of Wealth.com is scheduled for June 25, 2009. The opening reserve price is currently set at $2.9 million. Buyers must be certified in order to bid, and the certification deadline is June 15th."

 

[tristanperry]

Definitely worth it. Just depends whether companies are too immersed in the recession to have $3+ million 'free' to bid on such a name.

 

[Pred]

way overpriced imo

i guess it could be perfect site for get rich scheme and make money from that, how to make $ etc

but this is a xxx,xxx range name imho, not 7 figs

 

[Embrand]

It will be interesting to follow at least. If Sedo gets the usual 10 percent, not bad for one day's work as well!

 

[amr_100]

too much for this name

 

[snoop]

Hugely overpriced

 

[lincolndsp]

will be interesting if it meets the reserve.

 

[Pred]

this is perfect example of why so many .coms are wildly overpriced


i tell you now it gets virtually no traffic
alexa of nearly 3 million after all these years

so you then gotta spend a mint marketing or do an amazing job developing

get a cracking alternative in xxxx range imo best bet. or low xx,xxx and pay for outstanding development imho and let some other sucker buy this

It will be interesting to follow at least. If Sedo gets the usual 10 percent, not bad for one day's work as well!

agreed, but i would be very suprised if it gets a legit bid over 150k imho

also sedo are infamous for being ott and making (well trying) you list your names for auction at a fraction of the real value
so whats the deal with this?
its a great name, but not amazing by any stretch
they must have got one of sedo's appraisals then rofl to get listed , so sedo must value it at this level?
i think a safe bet to say owned by sedo or someone high up. maybe they got this in a business they bought or portfolio

also whats with the 1 day auction? a few funny handshakes going on at sedo i think

my prediction: fail
no legit bid over 150k max

 

[Embrand]

Yes, it seems strange this domain gets its very own one-day auction... Would be interesting to know how it was decided and how it was appraised!

this is perfect example of why so many .coms are wildly overpriced


i tell you now it gets virtually no traffic
alexa of nearly 3 million after all these years

so you then gotta spend a mint marketing or do an amazing job developing

get a cracking alternative in xxxx range imo best bet. or low xx,xxx and pay for outstanding development imho and let some other sucker buy this







agreed, but i would be very suprised if it gets a legit bid over 150k imho

also sedo are infamous for being ott and making (well trying) you list your names for auction at a fraction of the real value
so whats the deal with this?
its a great name, but not amazing by any stretch
they must have got one of sedo's appraisals then rofl to get listed , so sedo must value it at this level?
i think a safe bet to say owned by sedo or someone high up. maybe they got this in a business they bought or portfolio

also whats with the 1 day auction? a few funny handshakes going on at sedo i think

my prediction: fail
no legit bid over 150k max

 

[buymydomainuk]

IMO, the only companies that would be interested in this domain are banks, and finance companies. They don't have the money to spend on domains right now, so I don't see it selling. I agree with Pred, no serious bids over $150k

 

[richrf]

2.9 mil is a very high figure, but my guess is that the seller is in no rush to sell, and is basing the price on future value not present value. One day auction is a good PR move, since it does focus attention on this one domain name.

This is the worse time to sell a high value domain, in probably the last 10 years, so to let go of a good domain name is not a very good idea unless there is a need for cash - which is probably not the situation in this case. Wealth will probably not sell, but I am sure this is just the beginning of the process. Heck, it takes 12 months to sell a home nowadays - why should the process be shorter for a domain name.

Rich

 

[snoop]

also sedo are infamous for being ott and making (well trying) you list your names for auction at a fraction of the real value
so whats the deal with this?

I haven't struck this personally, I've auctioned maybe a couple of dozen names with them and to be honest on the occasions I thought their suggested appraisal was way too low the name did end out selling for around that figure. The do have a fairly good (and realistic) pulse on the market in my view generally, obviously not in this case though.

 

[-REECE-]

Would have been much better imo to just have started this one at $100,000 (with a 2.9 reserve if that's all the seller will agree to) and see what happens -- at least that way the current owner would have a good idea of what the market valued their domain at. Starting at $2.9MM isn't doing anyone any favours - Sedo gets no sale, the seller gets no information about how ridiculous of a reserve they have set, potential buyers lose out on possibly acquiring a great domain...

 

[grigio]

I don't think it will sell...

 

[Embrand]

The current owner is The Internet Company/Don Cook in New Jersey, who seems to have owned it almost right from the first registration in 1994. So he probably is not in a hurry with a sale...

 

[wot]

I would think that having a one day dedicated auction then Sedo must already have one or two interested parties otherwise they would be falling flat on their faces.

Personally I don't think it is worth much more than $300K

 

[Ader]

Will watch with interest, as I have .tel version (admittedly, a distant cousin, in a far off developing land)

 

[footodors]

it's 10x overpriced!

 

[exponent]

$230,000 - $400,000 IMO. Its a nice domain, but the reserve is insane. It wouldn't bring $2.9m at T.R.A.F.F.I.C. in the middle of a bull market.

 

[seven]

It would be extremely hard to justify this price even with a massive marketing campaign.

Love the domain but the 2.9m price tag is too hard to recoup.