Popular newsletter to run online auction.
LuxuryNames.com will hold an online domain auction November 18-24 on the SnapNames platform.
LuxuryNames.com is known for its once-or-twice monthly newsletters with domain names for sale. The recently-launched newsletter has resulted in over $250,000 in sales over the past three months.
The auction will include about 200 domain names, and 80% of the reserves will be $1,500 or less. The catalog will include .com, .net, and .org domain names, with a focus on .com. Domains were selected based on SEO, age, quality, and price. The catalog is nearly finalized and will be released this Wednesday. Initial domains include refinancecalculator.com, autoloancalculator.com, debtcollection.net, drumsets.org.
It will be interesting to see the company move beyond its newsletters to an auction format. The company isn’t doing this for an immediate payoff; it is not charging a commission to sellers above the SnapNames commission.
Submissions are no longer being accepted for this month’s auction, but LuxuryNames will accept submissions for future auctions. If all goes well, and if the company can get enough quality domains, it hopes to hold an online auction quarterly.
Who is behind LuxuryNames?
All I see is privacy.
If they want people to buy domains from them, don’t we want to know who we are buying from?
I’m sure it is not the case but how do we know if the domains are not stolen?
Domain transactions are built on trust between buyer and seller.
(See what happened with Snapnames.)
How can we buy from them if they want to hide?
@ domain investor, I’m guessing its Justin Godfrey from EscrowDNS, the newsletter from LuxuryDomains.com have the same layout as his previous newsletters that we used to get from Dis, Inc.(domain investment services) and I’ve bought names from them before, very easy to work with. Once again I’m guessing but would bet my last dollar that its them.
Who is behind LuxuryNames.com:
http://www.domaining.com/headline/?id=551110
Good luck for your first auction 🙂
Today, they created a response to the question on DNW. They also include a reference to the Snapnames scandal.
It raises more questions than answers.
They state Alan Dudd is a consultant.
There is a big difference between a consultant and a manager.
A consultant is not legally accountable for any actions or decisions by management.
6 months ago, most domainers would have accepted their response.
Today, domainers are starting to question everything like when they were newbies.
Domain Investor,
Don’t you think its ironic when you are asking a private company for full disclosure and you cant even use a real name?
For the record, I’ve bought names from them before and process was smooth. If they have good names, people will buy.
Jonathan,
I’m not trying to sell anything.
Incidently, is Jonathan your first AND last name?
Hi, Thanx for the info, plus thanx for the comments – I did research! Then I submit a domain of my brother’s as part of Luxury’s call for five more good domains, and I have to wait for them to wake up, as aparently the business is in Australia, to see if I got added . . .
EscrowDNS has a useful explanation about escrow for domains and its pitfall – thanx for link!
Oops! Too high a reserve: $60,000 – I should have known. 80% of this auction has a reserve under $1500.00. BTW, $60,000 is the reserve I stated because it’s 3 for 1: dot com, dot net, and dot org of a great domain bought in 2002! Very brandable . . . but I’ll have to wait.
I thought LuxuryNames was page howe.