** Domain Auction Results ** - Las Vegas Auction.
 

Here are the results of yesterdays domain auction, I guess the ones of interest for gfy would be camsex (.com) and freeporn ( co.uk )..it seems both didnt attract any bids although nice domains.

Las Vegas Domain Auction Results

Many of the domains sold in the live auction were the smaller ones with reseller prices, which makes perfect sense, since this is a "domainer conference". The Extended Silent Auction gives more time for the bigger domains in negations, getting financing in place and reaching out to even more interested parties in the different industries :)

I agree, many good domains get sold after the main auction event .....

epic fail auction imho

why would u say that? I just think this will bring reality back to some domain owners that unless you have a super solid domain you aint getting much for it

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 don´t increase as much), and I think alot of potential buyers are leaving money the table by not getting at least a somewhat decent domain.

Hell.com would be awesome but @ $600k??? No bids on that either.

Because Rick Latona and staff should of known better than to accept those domains for live auction at those prices. It also didn't help that there bidding platform failed and they seem to not have a clue as to what they are doing. They gave this auction horrible PR and are literally giving the Extended auction zero PR.

They sold 27/264 domains in the live auction, that is horrible. The extended auction has almost 400 and tons are missing including one of my own, they have yet to update the proxibid list and fail to give any/real updates as to what exactly is going on with it.

I had a LOT of hope for this auction and was excited to have a couple domains in it, but after this, I am not sure I would ever submit another domain to Latona's TRAFFIC, especially considering they are now holding these two domains to a 60-day hostage if it doesn't sell. Which to me is completely unfair considering they have not done their part on marketing and they should honestly void any and all contracts to domains that didn't sell.

Btw, the two domains I submitted are VERY reasonably priced dictionary .com's and .net's with ton's of age.

A few gems, but most of those domains were pure crap. Certainly a wake up call for a lot of people. Unless you have a fundamental and useful dictionary word dot com of two syllables or less you are just not going to see what you are anticipating.

did you contact Rick about this , or is it just easier to bitch here ?:2 cents:

romance.com wanted 5mil then 1mil great name but the 1mil days for that are over

not that I'm anywhere near an expert on the subject, but you could be right. There is an overall price readjustment in the domain world. Lets see what happens in LA in a couple of days, then the picture will become all the clearer:2 cents:

the names on that list suck ass

I did, a few of them actually and got a response from the person I was talking to agreeing 100%

Not bitching, putting my two cents in, sorry if you got butt hurt.

I am really surprised some beer/wine/liquor chain didn't pick up importedwines.com for 2 to 3k. That is chump change to anyone that owns more than a handful of stores.

Those are some really interesting numbers. Even more interesting is the lack sales on some relatively decent, inexpensive domains. Personally I like hell.com. What a great email address... :thumbsup

Hopefully Latona learns some things and does better next time. I'd rather him succeed than Moniker going back to having a relative monopoly on event auctions...don't even want to go into why, but I've had many more horrible transactions with them than good.

I can understand that, but I mean, this event was just horribly prep'd and performed. Hopefully he does learn for the next auction, but I still won't be submitting to it, I think I rather wait it out for a couple more auctions before trying it again.

They'd be looking for a large mainstream company where Hell.com would fit their brand well. $600k isn't a lot of cost for branding, especially when that's such a memorable and brandable name.

dont be sorry, it seems your butt hurts a lot more than mine, my butt has absolutely nothing to do with this:winkwink:

cute edit, had to think about that, your original message was much nicer... but thanks for clarifying your butt is in fact, hurting.

;)

imagine a company that buys hell.com lol

you call their number and they say "thank you for calling abc company, please hold for the next available operator or go to hell.com"

:1orglaugh:1orglaugh Touche !:thumbsup

I see that as the problem for many companies owning Hell.com. It is hard to get away from saying "go to hell.com". Seems that would not be taken so well by may people..

Maybe a church group should own it.

I doubt hell.com would sell for anywhere close to 600k, doubt even 100k, but you never know, the right person with a big enough wallet might jump on it, just like any other domain.

But if your realistically trying to sell it, you have to be realistic on your price, A LOT of the people who submitted domains to this auction seemed like they were trying to hit a fantasy five.

the truth is you need to target investors when it comes to those names rather than webmasters.

Plaster barrons, wsj, ny times, fortune with ads, tell them how much certain names can fetch and explain its a good investment, get those people to buy em, those readers have real cash, not webmasters

Of course, but I think these big companies would be scared to own such a name and invest so much into them because of the crazy christians who will go crazy about it.

Putting it in a different corp name like general motors and disney do for thier adult porn connections/ investments would be one solution...if it involves $$$$ major companies ususally find a way around most problems :winkwink:

seems like there were a lot of solid domain names with reasonable reserve prices that weren't sold.

like floordisplays.com for 2k, freshvegetables.com for 3K, and beverage.com with a reserve of 75K - beverage industry is billions and billions of dollars and nobody interested in beverage.com for 75K?

meagan.com for 10-20K reserve - i'd love to get some female names but i'd never pay more than 5K for one.

I guess that would mean:

a) potential buyers were not aware that a auction is taking place
b) potential buyers are strapped for cash

Both things which can be worked on solving in the extended auction.

Ex. anyone who is interested in CamSex.com/CamSex.mobi/CamSex.biz/CamSex.name, but currently have something that is a deal breaker for them (time, lacking cash at hand, the reserve price etc.) should get in contact with me - there might be ways to get things done :)

Rick does a great job in the run up to his auctions and if anyone can get a good price for a domain its him.....I think trying to sell high end adult domains in a general mainstream auction is a problem , personally I wouldnt mix adult names in such a way as it misses the target audience/buyer.

All industries are strapped for cash ...of course that doesnt help sellers too.

I think the big issue right now is the people buying are seeking easy investments (even if longterm). Example, type-in domains with proven daily revenue, etc...

Many of the sellers, on the other hand, are selling based on potential use/brandability and not on current value.

IMO, the guys formerly buying the big "potential" domains are the group who right now, has tightened up their budgets a lot; thus the lack of ease selling those domains for the asking price.

I think the global economy in general is coming back to the ground. people now realize just because you have an expensive name it is not guaranteed success. it takes alot of developing and advertising to be successful.

more people i talk to would rather have an original name like "google" where you are branding an entirely new name instead of a dictionary word that can be shared across the board with multiple sites.

it is very fishy times we are in. i thought there was some nice names and i was actually surprised by that list that some didnt fetch.

I disagree on one point...building a brand with a name like google is very very hard, .building a brand with a very good domain like cams.com or porn.com etc is I think the better route...hence good domains still command high prices.

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.

Good points and not to rag on Bossman but I agree with your aparaisal of that domain. In my opinion, which may not be worth much to domainers, I'd value the domain itself at ~ $12K, then factor in the brandability/potential and I'd give it at MOST $30K as a fair value.

That's not to say he won't find someone happy to buy it at his asking price. There is always someone who has money and likes what they like.

Biggy, first of all - feel free to contact me with any questions (that goes for everyone who might have questions :)

Now some reasoning behind the reserve.

Price and value are two different things. What you can use CamSex.com/CamSex.mobi/CamSex.biz/CamSex.name for (value), might justify a 1, 2, 3, 4 or 5 figure offer (price), which I respect. However others may use CamSex.com for something that justify a 6 figure offer.

Its what you can do with a domain that gives it value... ex. a PPC person will look at its typin and potential seo - this is what gives it value to him. A paysite program have more parameters going into its valuation of the domain (ex. current bookmarks/members, opportunity to diversify from strictly paysites etc.), and a already established cam network have even more parameters going into its valuation (ex. higher return on ad costs, open new markets, easier branding etc.). Thats why when the talk comes to pricing, then almost everyone have their own view on what its worth, because the value is not the same to us.

I understand why $250K-300K can be a deal breaker for many, however when you take every parameter into account, and match it with the right buyer, then its a fair price (ex. lets say the domain currently does $30K-50K gross per year, google exact keyword phrase would cost $43K-65K per year but are easier to catch free via seo with the right domain, generates more clickthrus and more potent traffic than some random gibberish on ads, domain owns its own niche, a noun and verb integrated in the cam language/slang itself, term understood/spoken/viral around the world etc. etc.). The value a cam network would get from owning CamSex.com would be more than a PPC company, and probably also a paysite program (unless the paysite program is looking to enter the cam business). The $250K-300K is an investment, which pays for itself over time - how long is simply a matter of how you use it, and how much you use it.

Again feel free to contact me with any questions - the more successful the buyer will become from owning CamSex.com/CamSex.mobi/CamSex.biz/CamSex.name the more we can expect from the domain. Its a win/win situation :)

Basically, you're domain is worth what someone is willing to offer. Everyone knows this. What's known is as it stands right now, your domain isnt worth 250-300k, otherwise it would sell. And 2 people, seem to think your domain is worth a fraction of what you think its worth. When people are so far off, typically one of us will be right, and one of us will be wrong, and I don't think we're wrong :)

With that said, sincerely - good luck with the domain. I was never that gung ho, I just think you have unrealistic expectations, and I hope you prove me wrong.

If there was enough marketing for the auction, and the right people were there or were aware of the auction, he might have gotten lucky.

imho

To expand on what I mentioned quickly earlier in the thread, the reality right now is, the target buyer type (those who believe in it's branding and development potential) you are seeking for your domain/reserve is extremely hard to find. At this point in time. As the economy is rebounding and big money players re-open the wallets, you will have better luck selling.

Basically, if you were setting such a high reserve on that particular domain, IMO you would have been best served to wait another six months before putting it out there as available. Now, prospective buyers over the next few months will see that your domain has been on the market awhile and they won't be willing to offer you your full asking price. If you lower your asking price, that will look even worse, as they will think you are becoming "desperate to sell".

If you waited another six months or so, saw the money guys come back into domain spending, then set it at auction, I think your chances of selling at that price would have been MUCH higher :2 cents:

I´m sure all of you can understand that I can not tell who, what and when about the current auction, however I can say that there are offers in the 6 figure range. The reserve does play a role, but its not as big of an issue as you may think :2 cents:

Speculations are always a good input when reevaluating a situatuion, so thanks for the input :thumbsup

If CamSex.com/CamSex.biz/CamSex.mobi/CamSex.name were the only "obvious" domains not to sell in the live auction, then your speculations might have had more meat too them ... however look at the comments from other potential buyers, sellers or onlookers, and other things might have caused/added to the overall outcome...

Thats why I ask anyone who is interested in the domains (no matter the price) to contact me, so we can know, instead of speculating :)

For the moment I think your correct...getting the big $1-5 million price tags now require a lot of targeting in finding the right buyer at the right time.....still possible though I think Toys.com went for $5 million recently.....so never say never !