It’s the second-highest sale at DropCatch this year.
The domain name mine.com has sold for $680,000 in an expired domain name auction at DropCatch.com.
DropCatch has been on a roll with big domain sales this year.
It set a personal record with spend.com, which sold for $802,500. That domain has been developed for a site that offers a debit card linked to cryptocurrency.
It also sold backpage .com for $259,500. Previously used for escort services, this domain now resolves to an adult site.
DropCatch instituted controls earlier this year to ensure bidders pay for high-value domains. This typically includes requesting proof of funds.
Bidders in this auction who wanted to bid over $500,000 had to undergo DropCatch’s verification. Three bidders bid over that amount: first1, bookname and 17excom. The latter won the auction.
Mine.com was previously owned by MINE Holding GmbH, an intellectual property company.
It appears the domain went past its expiration date last year, at which point it was transferred from domain registrar Cronon to Spaceship. It is unclear why the domain was deleted rather than going through Namecheap’s expired domain service.
Mine.com has many possible uses, including for a blockchain company, given the term “mining” in the industry.
While the sale is a windfall for DropCatch, the company spends millions each year on accreditation fees and overhead.
Leave a Comment