Quote:
Originally Posted by Bossman
I somewhat agree, however I also think alot of buyers are thinking too short term - that the price they pay should earn itself almost instantly, instead of over several years + they blind themself from such things as a domain help in SEO, better + more potent clickthru on their ads, higher traffic retention, and increased chance of going viral. Then add that most good domains increase their value the more they are used (compared to not so good domains, that donīt increase as much), and I think alot of potential buyers are leaving money the table by not getting at least a somewhat decent domain.
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Well, all I will say is, I knew about CamSex going up before it was announced anywhere. Once I heard the reserve, I cancelled my plans to go, and what's funny is, I know a few other ppl who did the same, or cancelled last second. By asking too much early on, they actually lowered the interest in the auction significantly. I can't speak for anyone else, but I'm one person who decided not to go when the reserves were released.
It also said in the thread and on the domain to email them for info which I did, for the basics. The email I got back was comical. Here it is, a cut and paste:
"We do not have stats, but the reserve range on CamSex.com is 250k to 300k."
Needless to say, when the domain software broke, I wasn't surprised at all. Now to be fair, I thought, well the guy running the auction is just doing his job trying to get the most. But I spoke to someone else who submitted a bunch of poor domains, and the response he said he got back from the broker was he going to ask for these insane prices for these sub par domains (this is hearsay, I cannot confirm or deny). But if that is the case, well, I think we know where the fault lies. Hindsight is 20/20, if the domains sold I would tip my hat for a job well done - but in the end, you had a broken auction with what I consider to be not-so-great results. I hope they learn from it, they should be convincing buyers to take less, not more, and if they're the ones inflating the prices, well they are 100% at fault. Domain market is at a low and everyone knows it.
FWIW, my fair market value of CamSex was a fraction of what the reserve was. Imo, its not even deserving of 6 figures, but thats my opinion.