Afternic gets a big win with for its expired domains program.
It’s been several months since Afternic announced it would begin auctioning expiring domains. I’ve played around with Afternic’s expired domain auctions, but until this weekend most of the auctions have ended for less than a few hundred dollars.
This past Saturday that changed: an expired domain auction for DrivingRanges.com ended at $7,455. More importantly, it received 46 bids from about a dozen members including some big players in the industry.
DrivingRanges.com is a good domain to which I peg an investor value of about $5,000-$10,000. It will be easy to develop and a great investment. My last bid was around $5,000 before I got tired of trying to submit bids on my Treo while standing in line at Six Flags (I think my wife was getting frustrated with me). At NameJet or SnapNames I suspect this name would have gone for more money; that’s why savvy domain investors look in the off-beaten path for domain bargains.
Congratulations to Afternic and the buyer.
John Bomhardt says
I told a friend of mine who was a former progolfer about drivingranges.com. “Wow! great name!” he said. I asked if he wanted in on the bidding of the name. “Nah, I’d rather be golfing”… lol.
Sadly I had to opt out on this one due to raising money for my son. Oh well, I hope there will be a next time.
John 🙂
http://unplain.com