Sold.Com.Au .... Sedo Auction

[Horshack]

yes $500 bid increments. so there must have been more bidders ( besides winner) after you stopped around $10856?

$500 minimum. It added $500 for autobid if you were too low but I didn't bid in $500 increments from $10856. If you bid $13000 and it was too low it would just autobid $13500 for the leading bidder.

 

[findtim]

if I wasn't on dnt I would not have known it was for sale

no marketing, not in aus, ? I think it would have got more here.

as I said earlier, still a lot of $$$$$$$$$ to make it happen

tim

 

[Horshack]

Probably only those that spend a bit of time on sedo and saw the adverts and auction listings plus articles about domain names on google listings. I knew about it before it was mentioned here.

 

[DomainNames]

$500 minimum. It added $500 for autobid if you were too low but I didn't bid in $500 increments from $10856. If you bid $13000 and it was too low it would just autobid $13500 for the leading bidder.

oh ok, so what was your highest proxy or bid when you stopped?

 

[Horshack]

2nd last bid

 

[findtim]

as always you never know how big the other wallet is

tim

 

[snoopy]

Some here ( our very successful broker forum members) would have got them far more.

Apparently the case of a junior staff member at yahoo based in the USA also not knowing the background on it and .com.au's, what they paid and why 13 years ago...over their pay grade and an obvious stuff up error on their behalf where they listed it and the reserve. They may have thought just their .com names they where selling had value. The .com's they had for sale where pretty crappy . For Australia obviously it!

You think they priced it like that because they didn't know that they paid $24 million for the site? Why would they price it any different? The site is long gone.

These "trophy" names never do well, credit.com.au was the last one. It is always "so cheap" when the auction ends. For the people who really think it was underpriced make the new owner an offer, I'll be waiting for the second much higher sale in dnjournal.

 

[Horshack]

I wasn't sure if there might have been an issue with trademarks because sold.com.au isn't a trademark from what I could see but sold2.com.au was.

 

[findtim]

These "trophy" names never do well

big statement from someone who owns some trophy names

tim

 

[snoopy]

How is it a big statement? And yes I've owned lots of trophy names again people usually carry on about the price being low when sold, but the reality is buyers are not very motivated for terms with no advertisers and where nobody much is using it as a corporate name. There is no clear road ahead for them so it is down to what a collector thinks they can resell it for.

 

[findtim]

well I am sure you would have rejected $16K for a few of your names

-----------------------

but the sun is now shining in my part of Melbourne so I am taking the kids to the park.

tim

 

[snoopy]

I've never had an offer that high on an .au.

 

[Horshack]

They're not listed on Sedo are they? I have to laugh because every time I place a bid on .com.au on Sedo no one ever responds. Even if it's just a $60 bid I've always responded because you never know who is on the other end.

 

[Simon Johnson]

I suspect you guys will agree with me on this

http://www.domainerincome.com/news/24-million-domain-name-sold-15-thousand/

 

[Horshack]

Thanks simon!

 

[DomainNames]

2nd last bid

ok so your last bid was actually $15100? The highest bid was $15600 and it was done with $500 increments.

 

[findtim]

Unfortunately Sedo have now taken the auction offline completely.

could you expand on this statement please


tim

PS: if you read the auto email somehow I pasted the wrong info, sorry

 

[James]

I did a post the other day on this, I messaged a few journalists no one seemed to care lol - http://prosperitymedia.com.au/yahoo-selling-24-million-website-10k-reserve-price/

One replied and said this "Sounds like domain prices have taken a dive! Still a few hours to go. Someone might get a bargain."

Yahoo stuff up's seems to be pretty common.

I am guessing that Car Sales had a huge proxy bid on the domain* May be wrong LOL

 

[DomainNames]

I suspect you guys will agree with me on this

http://www.domainerincome.com/news/24-million-domain-name-sold-15-thousand/

spot on it seems

• 180,000 users in 2000
• Fairfax Book value of $30 Million ( in their financial reports)
• Yahoo buys it to take out a competitor for new Ebay/ Yahoo venture ( in their own reports and statements)
• Yahoo winds it down to move business to Yahoo / Ebay etc
• yahoo cashes in on its australian assets and pulls out of Australia, holds various domain names probably for legal reasons as long as needed then its forgotton as Yahoo staff change and it's refound in 2013 as needed to be sold off probably also for legal reasons
• Junior staff member probably given job to sell off unused names and sees they still own sold.com.au but doesnt know the history from 13 years ago so chooses a low reserve... not knowing the .com.au market or values for .com.au names at all
• lists it on wrong sales platform overseas in a market noone in Australia buys .com.au's from at an auction ending time no one in Australia will be awake for
• yahoo should have used an Australian aftermarket platform or Australian based broker if they wanted more or maybe they just don't even care
• probably one of the most epic stuff up's by a company in the .com.au space in history

 

[DomainNames]

I did a post the other day on this, I messaged a few journalists no one seemed to care lol - http://prosperitymedia.com.au/yahoo-selling-24-million-website-10k-reserve-price/

One replied and said this "Sounds like domain prices have taken a dive! Still a few hours to go. Someone might get a bargain."

Yahoo stuff up's seems to be pretty common.

I am guessing that Car Sales had a huge proxy bid on the domain* May be wrong LOL

carsales probably didnt even know about it or may not have been "Premium" registered properly with Sedo in time. If they are a market cap Billion company now they could justify $1 Million for it ( due to its old sales price and history of success) .. they may have missed the deal of the century also.... maybe they where also asleep..