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What happened? I reg two domains that were sold for $7251 in 1006

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I reg these two domains back in Sept 2007, but these two domains were sold for $7,251 (each or both) at Afternic in 10/20/2006? Why would the owner let them expired after paying so much for them? Any logical explaination?

10out.com
$7,251
2006-10-20
Afternic

11out.com
$7,252
2006-10-21
Afternic

Anthony

:gn:
 
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Food for thought ...

I don't know the answer here ... but this is like the third or fourth time recently that I've either seen or heard about folks picking up, as hand reg's, domains that were previously viewed or reported as "sold" for $Xxx - $x,xxx+, IMHO. :|

My general sense tells me that we need to trace back to WHERE those "sales" occurred, how they were witnessed or reported, and then details of those transactions, in my view. Let's not forget, there is ample historical evidence - and discussed on many occassions here throughout the forums - of "sales" being reported that never actually exchange hands, fake sales/bidders, phantom buyers, market manipulation, and worst of all ... shill bidding (obviously, unsuccessfully, if the owner ends as the high "bidder" - this could be viewed by some as a "sale")! :guilty:

Point is ... and I have no knowledge of any info of these specific two sales on Afternic ... stuff like this does occur because we don't have one centralized, verifiable, third-party accounting firm with a searchable database of items that have been sold and successfully transferred (versus, simply, being reported as sold by the agencies that sell them, themselves) IMHO. :gl:
As a result, always conduct due diligence insofar as sales comps for your domain purchases and acquisitions ... and if they turn out to be TRUE bargains, all the better! People do drop stuff, no doubt ... but typically not at $X,xxx+ acquisition cost less than one year earlier, in my judgement. :red:

Just my two sense.
-Jeff B-)
 
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Looking at the domain names it's also possible the sales were never completed?
 
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Afternic huh? Hmmm...I don't know if this is related, however, I purchased some domains from a large domain reseller. However, I couldn't get them into my Godaddy account because Godaddy could not confirm the the admin contact info and thus, all the authorization to change emails were being returned as [email protected].

After three weeks I called Godaddy and said this is rediculous, when I use the whois server through Netsol, I can clearly see the whois info and the admin contact. Can't someone from Godaddy manually send the auth letter to the correct address. They said NO as the domain was sold through afternic and the afternic whois server is down and has been down for a month and thus emails are not going through.

Maybe the Godaddy operator was mistaken, and Godaddy's system had a glitch, however, if they were not, perhaps a lot of domain owners are not getting info that their domains are about to expire????
 
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Anthony Sun said:
I reg these two domains back in Sept 2007, but these two domains were sold for $7,251 (each or both) at Afternic in 10/20/2006? Why would the owner let them expired after paying so much for them? Any logical explaination?

10out.com
$7,251
2006-10-20
Afternic

11out.com
$7,252
2006-10-21
Afternic

I don't even have a logical explanition why someone would've even paid $7k for each of those names.
 
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Same as htmlindex, I don't understand why they were sold for 7K each..

However, myself do have the experience that some guy paid $xxx to me for one domain then let it dropped. (e.g, TestFirst.org, was sold at $500 though afternic and I do get the money, dropped again last month. I re-picked the name immediately when I find this and waiting for next buyer :) )
 
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I don't think that they are even worth reg fee. I cant imagine that a previous sale value gives the names a specific value.
 
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Thank you all for your comment and input. The price sold info was taken from Spade's (Justin) NameBios.com. Someone once told me that the "10 Out" and "11 Out" are terminology in some type of ball game. I will do some research on this on the web.

Anthony

:gn:

Jeff said:
As a result, always conduct due diligence insofar as sales comps for your domain purchases and acquisitions -Jeff B-)

Jeff,

Could you elabrate on how to conduct due dilignece on this?

Anthony

:gn:
 
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They could have been bought as a part of a marketing or product campain by a company. Lets not forget how little $7K and even $14K is in relation to marketing and advertising budgets of even small companies.

The thought could have been, "this is perfect for our campaign, lets grab it." And later either when completed or not selected, it is dropped. These are the kinds of sales and pockets I am hoping for all my domains. We should all be so lucky.
 
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MrSpartan said:
They could have been bought as a part of a marketing or product campain by a company. Lets not forget how little $7K and even $14K is in relation to marketing and advertising budgets of even small companies.

The thought could have been, "this is perfect for our campaign, lets grab it." And later either when completed or not selected, it is dropped. These are the kinds of sales and pockets I am hoping for all my domains. We should all be so lucky.

Thats seems like the most likely explination to me, especially as they are listed as sold on NameBio - as far as I know Justin gets confirmation before listing any sales.


.
 
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Thank you for your input. I tried to search the net for "10 Out" and "11 Out", but got no relevant result. I am wondering what they were meant for.

Anthony

:gn:
 
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I wouldn't say Sales Data is always accurate.

There is only 1 whois record and that's right after you registered it. I know if I saw somebody buy a domain like that, I would of been checking whois to see who purchased it... which would create a record in the who is..

I check DNJournal.com sales reports.

For 10-24-2006 they would of made the Big Board, but they are not on there. http://dnjournal.com/archive/domainsales/2006/domainsales10_24_06.htm

I also checked the 10-17-2006 report and did not see any. http://dnjournal.com/archive/domainsales/2006/domainsales10_17_06.htm

I think this is a case of incorrect data IMO as these would of been reported on DNJ for sure and they are not.
 
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Yofie said:
I think this is a case of incorrect data IMO as these would of been reported on DNJ for sure and they are not.

It will be very disappointing if this is true. :( Thank you for your input.

Anthony

:gn:
 
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Anthony Sun said:
It will be very disappointing if this is true. :( Thank you for your input.

Anthony

:gn:
I asked Justin to give his input on this... As soon as he stops playing around in his garage, he will make a post. ;)
 
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Alright, Ive been digging around, trying to figure this one out. As it turns out, these sales were reported by Afternic. Including 9out.com which sales record can be found here:

https://www.afternic.com/name.php?domain=9out.com

At NameBio.com We work hard to insure that all domain sales are as accurate as possible. We take face value with large auction houses that they report sales accurately. Our system pulls data directly from Afternic and many other sources, and because we gather so much data, we cannot guarantee the accuracy of it all.

I tried to go back and find the sales data for the 2 domains in question, and cannot. My guess is they may have been reported, and pulled. However, the 9out.com sale still remains in their system. This is a perfect reason why domain comps must be taken with a grain of salt. We do our best, but clearly our information is only as accurate as the source we retrieve it from.

Hope this sheds some light on the issue.

Justin
 
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Spade said:
Alright, Ive been digging around, trying to figure this one out. As it turns out, these sales were reported by Afternic. Including 9out.com which sales record can be found here:

https://www.afternic.com/name.php?domain=9out.com

At NameBio.com We work hard to insure that all domain sales are as accurate as possible. We take face value with large auction houses that they report sales accurately. Our system pulls data directly from Afternic and many other sources, and because we gather so much data, we cannot guarantee the accuracy of it all.

I tried to go back and find the sales data for the 2 domains in question, and cannot. My guess is they may have been reported, and pulled. However, the 9out.com sale still remains in their system. This is a perfect reason why domain comps must be taken with a grain of salt. We do our best, but clearly our information is only as accurate as the source we retrieve it from.

Hope this sheds some light on the issue.

Justin

Thank you for your hard work, Justin! Your database is much appreciated in the domaining community. Good job!

The following info are pulled from Afternic.com related to 9Out.com.



ยป Back to the listing 9out.com Offer History
Amount Username Status Expires Bid Time
7,250.00 nankuei Accepted 20-Oct-2006, 1:27 PM EDT 13-Oct-2006, 1:27 PM EDT
5,000.00 nankuei Superseded 20-Oct-2006, 8:30 AM EDT 13-Oct-2006, 8:30 AM EDT
200.00 nankuei Expired 18-Oct-2006, 6:09 PM EDT 11-Oct-2006, 6:09 PM EDT


Domain Name 9OUT.COM / 9out.com
Seller Jshaffield
Description 9out.com is for sale.
Final Price $7,250.00 USD
Category Sports & Recreation / Team Sports
Previous Offers Number of offers: 3 Bids
Last offer: $7,250.00 USD
Expires: n/a (Sold) Offer history
Offered by: Nankuei

I sent an email to Nankuei to find out what was going on and am hoping to get a reply. I will keep you guy posted if I hear anything back. Thank you all.

Anthony

:gn:
 
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