A look back at previous live domain auctions and what to expect next week in Las Vegas.
Monte Cahn joins on us this week’s podcast to preview next week’s NamesCon live domain name auction. We also discuss what he’s seeing in the domain market and what has happened to the value of certain types of domain names.
Also: DomainTools appeals, interesting data showing registrar competitiveness, and addicting lawsuit and more.
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> “what to expect next week in Las Vegas.”
A “great event” in which the world, most especially anyone associated with the actual real world end user market which is the real subject of our business, is made to see that the industry’s de facto “official” and best known “appraisal” figures for domain names worth millions are only an absurd and absurdly harmful low six figures, among others, for each and every single one:
And with friends like that…
Andrew Allemann says
Are you talking about Godaddys appraisals? Or the auction?
I have been talking about how in this auction the Estibot “appraisal” figure (the horror) is forced to appear under every listing, just as NameJet does that normally to begin with. After I had already been doing that for a little while in the lead up to this auction, Konstantinos started a conversation about Go Daddy’s “appraisal” offering over at his blog, still the most current post there, where Joe Styler also commented, so I replied there more generally as well.
Andrew Allemann says
One thing I like about GoDaddy’s appraisals is that they don’t appraise the highest value names. These are very difficult to appraise, so they just list them as “>$25,000”
Well, I see a huge can of worms as big as the Empire State Building there:
“the highest value names.”
When it’s not a living human mind, a lot of “the highest value names” are going to be missed and dismissed as $x – $x,xxx. Even when it is a living human mind, so many people in domaining are so brainwashed and conditioned to be biased, even bigoted, not to mention inexperienced as end users, apparently to the point of not even having a clue or any constructive “empathy” or perspective at all about how to evaluate a domain from the vantage point of end user utility in commerce and society vs. utility to shortsighted domainer’s ambition that they are also going to be missed and dismissed.
The end result is still the same: the end user market – the one that matters – is influenced, effectively “poisoned” – and then we all lose, even those who think they are winning. Including Go Daddy.
A very palatable and mitigating compromise solution has already been suggested, however, which you may have seen already at Konstantinos’s blog. And it was not my idea, either, as I saw someone else suggest it in the blogs not long ago. Under the circumstances it was a very good idea.
The Namescon 2018 wait a lot for Chinese investors and these do not make purchases, the market noticed it a lot expected the Chinese as a hope that was not present.
I believe that in Namescon it would be a place of Auctions and luxury sales with seven figures, luxury only seen in the hotel, drinks, food, watches, rings, etc.
The Auction 2018 highlighted premium domains sales with medium value sales, there was a lot of talk and also to be written on the domainer’s blog.
Godaddy with your https://namefind.com/ unstable valuations that are never real, is like the Godaddy and Sedo Auction for a premium domain of six figures, one million domains will never reach $ 5,000.
Namescon 2019 I hope it is different and the bad of 2018 has been rectified.
Happy Day. Jose