Another month of over 30,000 domain name sales in Go Daddy’s aftermarket.
Go Daddy Auctions is reporting over 30,000 domains sold last month.
The ticker shows 30,839; the number is typically adjusted upward as final tallies come in.
The top reported sale for last month is CashLady.com at $36,000. The domain name was purchased by PDB UK, a payday loans broker in the United Kingdom.
Other top sales include:
startime.com $15,000 (registered in 1996)
chinatime.com $14,000 (seller was BuyDomains)
liveinstyle.com $13,500 (buyer is co-founder of Experience Commerce in India)
Just over 50% of the domains were sold in auctions. About 47% were sold at fixed prices. 451 were sold through negotiations; I expect this number to increase over time now that both Afternic and Sedo are syndicating “make offer” listings through Go Daddy.
“home” “online” was the most common word in the domains sold.
Suckers galore over there now!!!
So many people overbidding on less good inventory than before. I can’t wait until the “investors” finally run their numbers and see they are losing money like crazy.
It’s turning into a total suckers game. I have not missed one day of expired on GoDaddy since 2005 when they started selling, so I have a good perspective on prices and their inventory. I’m barely buying anything there anymore since lots of fresh, ignorant money has arrived. These guys are fools to bid what they are bidding. Just wait for the crash and see where they are when nobody is buying domains anymore and they did not buy domains for their natural type-in traffic.
Ka-boom! Just wait. All that great inventory will come cheaply down the line.
Domino is dead on the money, I am not sure if this is a non english as their native language bidding over there, but pricing is insane, names that would have gone unbid on during 2007-2009 are going for hundreds of dollars. Based on speculation, sure you can buy a few hundred at minimum bid, and play the waiting game, but when your paying a few hundred a pop for those same min bid names, doesn’t take long for the renewal bills to start coming around.
I wish these fools would search the aftermarket, and place that same money on some quality names in owner accounts.
domino, you beat us to the punch line.
it is no wonder that domain hoarders of claimed (but NOT) “premium” domains try to ask so much for them – in the ocean of many millions they see a handful of ridiculous prices and value their entire portfolio on the “big hit” type of sale.
well… best of luck and congrats to buyers, sellers and godaddy. hope it works out for all.
(on a side note, i NEVER put my real maximum bid into any computer system as i would be worried that they may see it and artificially push the price up. after all, they would have a financial incentive to do so. just my concerns, call it paranoia if you like, i don’t care.)
I’m wondering why you guys would like to see people with hopes, dreams and courage fail?
Why not write a post about domain buying tips and help them instead of wallowing with glee about the prospect of their failure because (you think) they are fools.
Knowledge is worthless unless shared….
Craig…..I have no time to teach fools.
What happened is around 2007/2008 there became too many fools in this business to try to teach anymore. Also, they argue with you when you try to guide them. I can’t be bothered with arguing.
Essentially, all the “brains” left the boardrooms for places like DBR (DomainBoardRoom.com) where we could talk without all the noise.
For some reason, with the new crowd has come so many jerks, arguers, and know-it-alls it’s like trying to swing at a brick wall. Just no use.
I hope this explains it. I’d love to help, but……
DBR btw is private…I forgot to mention that.
“online” shows as the most popular for me Andrew.
Most of these high prices are being paid by end users it looks like. That sounds good to me !
Andrew Allemann says
@ Adam – typo on my part, thanks. “online” is always the most popular.
End users are not bidding at godaddy auctions, it is speculators, and a larger audience in China. Maybe a small majority, but many who see sales reports, and think ALMOST similar names will demand same kind of dollars, sometimes it can take months, even a year to close a deal. These idiots do not have a clue, how expensive it is to hold a portfolio, and how cheap the end user has become with the sea of options out there.
Adam…..there are virtually no end-users on GoDaddy. Probably less then .00001%.
Not sure how you would even begin to think that.
Whether you agree or not with the buyer’s choices, It’s nice to see so many successful sales.