Category Archives: 7-Day Auction

Dot Net Domain Names Proving to be a Good Investment

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My best domain name sale in the past 2 years has been LPG.net for $10,000. I should have held on longer. I candidly admit I regret having sold it. I really wasn’t a motivated seller, didn’t need the money, but had held on to the domain name for several years and wanted some bragging rights. That’s a stupid reason to sell.

I was also ticked at myself because I had received a $15,000 offer for NetHopper.com and had totally botched the sale by making a very unwise decision to hire a third party to negotiate for a higher price. The third party mediator had an aggressive personality totally bent my buyer out of shape, leading them to get ticced and registering net-hopper.com and telling me to go fly a kite. Sometimes life comes with some difficult lessons, often caused by mistakes we make on our own. That was one big mistake for me.

Getting back to the subject at hand, dot net domain names, we are only 2 hours away from the close of a 7-day auction of banks.net at eBay. And guess what, the bidding for this good (noticed I didn’t say great) domain name, is already up to $23,000. There are 22 bids thus far, and guess what, the reserve price has not been met yet! Who would have thunk? It’s a crazy world we live in folks, and I think the Lord every day for it.

Pizza.com Sold for $2.6 Million

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Pizza.com, which was owned by Chris Clark of North Potomac, Maryland, ended up selling for $2,605,000 on its 7-day Sedo.com auction. Clark first purchased the domain name for $20 over 14 years ago and has regularly renewed the domain name in hope of cashing in on a big pay day one day. Well, his ship has finally come in.

Clark had been operating pizza.com as a pizza restaurant directory for the past few years, selling advertising that was sufficient to pay the $5,000 annual cost of programming and maintaining the domain once he took it live. He finally decided to sell the domain after reading of Vodka.com selling for $3 million. He had read that Sedo.com had handled the Vodka.com sale and decided to use them as well.

What I find amazing is that he placed it on Sedo, got a $100 bid, elected to go with a 7-day auction, and the rest is history. Imagine the exhilaration of seeing your domain name sale run from $100 to $2.6 million. I’ve learned that Clark had his reserve price set at $2 million. He was actually vacationing with his children in Orlando, Florida while the auction was going on. Clarks 3 kids were glued to their laptops watching the selling price skyrocket.

Once the auction hit $2 million on March 29, Clark became glued to the auction as well. It eventually closed around 2 pm on April 3 with a new millionaire added to the U.S. population. Not a bad investment for a guy who originally purchased the domain to sway a pizzeria to do business with his young web-consulting firm. Funny thing is, the pizzeria declined to take him up on his offer, and Clark is all the better off for it.

Pizza.com Auction Sails to $2,505,000 With 4 Days to Go!

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What can I say?  My prediction that Pizza.com would sell for over $1,000,000 has not only come true, but $1 million dollars now seems like a distant memory.  With over 4 days to go on this 7-day auction, Pizza.com may very well be on the way to setting a domain name sales record.  The folks at Sedo have to be happy, given the fact that they will earn a 10% commission on the auction, assuming their standard rates apply. 

The total number of bids have leapfrogged to 63 bids in all.  The reserve price has now been met, so its clear the domain name will sell.  I predict the staggering rate it has skyrocketed will now slow down, as the number of players that can afford over $2.5 million has to have narrowed.  Nonetheless, this has been a fun ride and the buzz over this domain name auction is surely to last for a long period of time.

Pizza.com Auction Jumps to $999,999 With 5 Days to Go!

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If you questioned my thinking when I predicted last night that Pizza.com would sell for over $1 millon dollars, doubt me no more.  With 5 days and 12 hours remaining on its 7-day auction at Sedo, Pizza.com has 30 bids and a high bid only $1,001 short of the million dollar mark at $999,999.  This puppy is screaming and is going down in domain name sales lore as one of the biggest sales of the past 2 years, mark my word. 

Just to prove how value a great single word domain name might be, whether it is a dot com or not, the domain name autos.net is also on a 7-day auction at Sedo.com and also has 5 days and 12 hours remaining.  Autos.net currently has 6 bids with a high bid of $49,999 and lots of time to spare.  It’s going to be interesting to see just how high a dot net domain can sell. 

It’s time now for my readers to wake up and post a comment.  To the lucky commentor that guesses the closet to the actual selling price of pizza.com I will give you free, the 4-letter dot com domain name IBXZ.com.  So click the blue button below and file your comment and final bid estimate for Pizza.com now.

Oh My God! Pizza.com Shoots to $621,000 Overnight!

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It appears that my prediction that Pizza.com will sell for over $1,000,000 will come true. With 5 days and 22 hours left on its 7-day Sedo domain name auction, this domain sale has shot from $403,500 when I wrote about it last night to $621,000 today. What more — the auction’s reserve price still has not been met. This is a sheer adrenalin rush watching this baby pick up ever-higher bids, with 29 bids received thus far.

In other news, there have been several premium domain name sales on Sedo the past couple of days that have raised more than few eyebrows. MyBuilder.com sold for $25,000 (a shocker), Autograph.com sold for $55,000 (probably could have gone for more) and GreenPackaging.com sold for (are you ready?) — an unbelievable $25,000. Where are all you people willing to throw away dollars when I’m selling? In reality, the real surpise here is not what the buyer paid for GreenPackaging.com, its the fact that the seller was willing to hold on to it for that long. What’s going on here is obviously the “green is good” fad with renewables, recycling, etc. in developing countries. But whoever thought anyone in the packaging business would be willing to pay this much, unless of course the family name is Green, the company already exists, etc. You never know, and I’ve already spent far too much time talking about GreenPackaging.com.

Guess Closest to the Selling Price of Pizza.com and Win IBXZ.com

Don’t forget the contest I’m running. Submit a comment to any article I write about Pizza.com before the auction closes, guess what you think the final price will be. The closest estimate to the actual closing price (whether it hits the reserve price or not) will win a free 4-letter.com from me — IBXZ.com. Add you comment by clicking on the blue button below.