Average purchase prices may be north of $3 million.
By all accounts, registries paid much more to settle contention sets during last week’s private auctions than in previous ones.
Minds + Machines won auctions for .garden and .yoga. It spent a net $5.97 million for the two domains once the proceeds of losing the .deals and .property private auctions and withdrawing the applications are taken into account.
That means it paid much more than $6 million to win auctions for just two top level domain names. Wow.
Granted, each of these auctions involved three or more parties. Many of the early auctions had just two parties.
Minds + Machines beat Donuts and Uniregistry in both of the auctions it won.
Uniregistry won contention sets for .property, .click and .hosting.
Donuts won auctions for .deals, .world and .city.
If I understand the process correctly this would have been a great business plan. So multiple companies paid the $185k per extension, they go to auction, winning bid is divided among the losers and paid out to them?
Andrew Allemann says
That’s exactly why some applicants have refused to participate so far. They don’t want to reward other applicants and set a precedent going forward.
Tom G says
Looking at this set of strings, .garden and .yoga probably fetched higher prices than some of the others, aside from .hosting. imho. M+M is targeting niche personal interests and cities, which is very smart.
Andrew Allemann says
Not so sure about .garden. .Yoga is much better.
Gardening big in some countries but agree with you on .Yoga having the better global demand base.
you’ve got to love venture capital. invisible money giving companies the ability to make stupid decisions.
Looks like some companies are making really smart decisions.
I like .yoga for sure! .city has potential too.
Think the VCs are investing long term, think 10-15 years, not 1-3 as investors do.
You guys are wasting your time, you will be priced out, or reserved out of these domains. Why would any extension offer names to domainers, when they can setup side companies, and reserve all the premium domains, instead of the usual 100.
Rubens Kuhl says
No need for a side company. Registry itself can go thru a registrar and register as many domains as desired. Only registry and registrar are required to be different companies.