There’s a good reason to be skeptical of a $2 million banana.com domain sale.
A domain name auction in China resulted in 5 domain name “sales” of $2 million or more USD: Banana.com, House.com, Yao.com, GG.com and HG.com.
While GG.com and HG.commightseem plausible, $2 million for banana.com seemed like a ridiculously high price. Some were skeptical. As it turns out, rightfully so.
At NamesCon this week, I talked to several people about the auction. As it turns out, either the seller or buyer could back out of the sale by paying only a small fee.
So either party can walk away. And even if a transaction is completed, it’s not necessarily at the auction price. As of today, none of the domain names listed above have been transferred.
Source
A domain name auction in China resulted in 5 domain name “sales” of $2 million or more USD: Banana.com, House.com, Yao.com, GG.com and HG.com.
While GG.com and HG.commightseem plausible, $2 million for banana.com seemed like a ridiculously high price. Some were skeptical. As it turns out, rightfully so.
At NamesCon this week, I talked to several people about the auction. As it turns out, either the seller or buyer could back out of the sale by paying only a small fee.
So either party can walk away. And even if a transaction is completed, it’s not necessarily at the auction price. As of today, none of the domain names listed above have been transferred.
Source
