BearingPoint pays $100k+ for Net.Work domain name

New TLD sells for $100,000 plus premium renewal rates.

Consulting firm BearingPoint has paid $100,000 to Minds + Machines for the domain name Net.work, and that’s just for the first year. It will pay an undisclosed premium renewal to continue using it after the first year.

Minds + Machines took a different tack with .work, offering registrations for a just a couple bucks at retail. It also offered up to ten free .work domain names per customer at its own registrar, helping to boost overall registrations to 55,000.

A Minds + Machines spokesperson says the $100,000 sale validates its strategy of offering the domain name for a low price to raise overall awareness of .work and then capitalizing through premium domain name sales.

Net.work does not yet resolve.

Filament.com for $89,000 and 18 other end user domain name sales

Company buys Filament.com for new product line.

Sedo’s top public end user sale for the past week was Filament.com, which was purchased by a company changing its name and introducing a new product line called Filament Network.

The company had some other notable end user sales, including an IOT domain name purchased by a company that’s not an Internet of Things company. They paid a premium because IOT is now a popular acronym.

One sale that didn’t make the list, because I can’t confirm it’s an end user purchase: ButtBras.com for $899. Did you know this is a thing? OK, let’s get to the list:

Click here to see this week’s End User list…

CentralNic sells $1 million domain name portfolio

CentralNic sells more domain names from its domain trading business.

CentralNicCentralNic (AIM: CNIC) announced today that it has sold a group of domain names for US $1 million, to be paid over the coming months.

The sale comes from CentralNic’s portfolio of over 20,000 domain names. The company started buying and selling domain names in the second half of last year, and reported $2.5 million in sales in December 2014.

CentralNic’s biggest value might be in the two letter domain names it owns, such as US.com and UK.com. But it can’t easily sell these domains since it has sold third level registrations underneath them.

A Fallback Hierarchy for Domain Names

Joseph Peterson takes a look at fallbacks if the domain name you want is taken.

In a recent article on the expired domain market, I was struck by NameJet’s top sale for the week: Insurance1.com, which had been a developed website since 1996. What’s striking is that this domain showed its age immediately so that verifying the “vintage” was a mere formality. Many of you will share my gut reaction. We’ve been browsing the web such a long time, after all, that we recognize a dated naming convention as belonging to a certain era. Click here to continue reading…

Sedo responds about Autism.rocks sale

Company explains why the customer ended up paying a marketplace commission rather than for escrow.

Earlier this week Sedo announced that it handled a $100,000 transaction for Autism.rocks.

It’s a big price for a domain under a new top level domain name. Both the buyer and seller are involved with advocacy for people with autism.

It was made more interesting by the seller’s allegation that Sedo steered him to a full transaction at a 15% commission rather than just an escrow at 3%. You can read about the seller’s concerns here.

Sedo looked into the matter. Luckily for the company, it seems that the initial communications between the seller and Sedo were over the company’s chat tool. Here’s what Sedo says: Click here to continue reading…