Look, comparing grand totals to those of 2007/2008 is pointless. Yes, it’s a buyer’s market and nobody can deny that but in my opinion, the three Domain Fest Global auctions (the two live events and the extended auction which ended yesterday and brought in $247,987) represented a breath of fresh air for one simple reason:
A Lot of Domains MOVED!
Their “Low and No Reserve” auction represented a great start. It generated $150,950 and a lot of domains have been sold. It was refreshing to see bidding wars again and then, of course, the premium auction brought the grand total for the two live events to $1,071,050. The extended auction didn’t disappoint either, 79 domains have been sold and that’s definitely quite impressive.
All in all, here’s how things stand when it comes to the 3 Domain Fest Global auctions:
Domains sold: 200
Domains sold at the live events: 121
Domains sold at the extended auction: 79
The grand total: $1,319,037
Amount generated by the live events: $1,071,050
Amount generated by the extended auction: $247,987
Average sales price: $6,595
Average sales price for the live events: $8,852
Average sales price for the extended auction: $3139
Dot com domains sold: 156
Amount generated by dot com sales: $1,175,540
Average dot com price: $7,536
Dot net domains sold: 15
Amount generated by dot net sales: $45,123
Average dot net price: $3,008
Other extensions: 29
Amount generated: $98,374
Average price: $3,392
February 5th, 2010 at 8:27 pm
Numbers don’t lie, their auctions have done surprisingly well. You can tell that they paid a lot more attention to the reserves. There were still several overpriced domains which didn’t get any bids but it’s always like that, some sellers just won’t budge.
February 5th, 2010 at 8:30 pm
But even if I said that numbers don’t lie, what surprises me is the lack of cctld sales. Only 29 domains and some of them are gtlds.
February 5th, 2010 at 9:13 pm
you said it, it’s a buyers market but judging by these figures moniker seems to be doing its best!
February 5th, 2010 at 9:43 pm
As long as it’s over a mil, the auction went well in my book. We constantly blame the economy when we should be blaming ourselves for choosing high reserves. Once domainers get used to lower reserves, the entire space will improve and maybe sales will one day go back to 4 million/auction.
February 5th, 2010 at 10:49 pm
How were the deals for sellers? The large volume of sales indicates that buyers were happy but let’s not forget about sellers. Are sellers satisfied with the prices?
February 5th, 2010 at 11:15 pm
I hope you’re right nmwando but I don’t trust the economy. You can’t spend your way out of an economic crisis and the state of the economy affects domaining just like any other investment.
February 5th, 2010 at 11:51 pm
Why only one Moniker conference yearly, I would like to see at least one more.
February 6th, 2010 at 12:30 am
Moniker has plenty of auctions pretty please, don’t worry. They have one each month, just not as a part of a conference 🙂
February 6th, 2010 at 12:32 am
On second thought, I think they do have auctions as a part of other conferences. Domainer Mardi Gras is coming right up and they seem to be the ones in charge of the live auction, so it will probably be held just like the live auctions from Domain Fest.
February 6th, 2010 at 12:36 am
I’m a bit confused, so I might be wrong. I don’t know if the auction will be help through Snap Names or through the downloadable auction application. I visited http://domainermardigras.com/agenda/ and according to that page, the auction will be held between 12 and 12:15 pm. Is that a typo? I think one of these auctions easily lasts 2-3 hours. Or another possibility might be that they will use Snap Names for the auction, then close the auction and freeze the results. After they do that, they might auction them to the live crowd to see if there are any other bids. A combination between the two platforms. A bit confused right now, I might be wrong.
February 6th, 2010 at 3:19 am
I deleted a comment by Rashid Mahmood. It seems that he is copy/pasting previous comments, not sure if he’s doing it manually or if he coded an application. Anyway, it’s a pretty clever tactic if he’s automating it.
Check out the blog post below for more details:
http://domainshane.com/creative-comment-spamming-by-rashid-mahmood-and-domain-clearinghouse/
February 6th, 2010 at 3:20 am
@Nick: I think it’s being held as a regular showcase auction, maybe there will be a presentation at Domainer Mardi Gras, not sure how/if they will be implementing live bidding.
February 6th, 2010 at 9:57 am
I think the auctions going to be a silent one held on snapnames.com
February 6th, 2010 at 10:12 am
@Andrei, Re: Rashid Mahmood, he has been doing that on other blogs as well, i saw it also today on TheDomains. its fairly annoying even to me as a reader, and i dont get annoyed easily
February 6th, 2010 at 3:54 pm
You’re right Andrei and Mike, what you’re saying makes perfect sense. Certainly a lot more sense than the complicated gameplan I thought of heh
February 6th, 2010 at 3:58 pm
But what about http://domainermardigras.com/agenda? According to that page, there will be some kind of an auction between 12 and 12:15 pm. Will it be a presentation of the auction or will the people who are in the room somehow bid? That’s the only thing I’m not sure of but otherwise, what Andrei and Mike said makes perfect sense.
February 6th, 2010 at 9:27 pm
@Nick: I’ll call them tomorrow and let you guys know 🙂
February 6th, 2010 at 9:33 pm
Btw, it’s Sunday over here, so tomorrow = Monday 🙂
February 6th, 2010 at 10:11 pm
Thanks Andrei!
February 8th, 2010 at 8:07 pm
@Nick: I spoke with someone from Moniker today and he confirmed that the event will be organized as a showcase auction 🙂
January 8th, 2011 at 3:09 am
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