Only few days left to get NX.uk
Being auctioned at ROTD = https://bid.rotd.com/ui/auctions/99348/11754621
Being auctioned at ROTD = https://bid.rotd.com/ui/auctions/99348/11754621
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NX.uk
- Thread starter Jag Singh
- Start date
Wanted to test out Namescon auction, least I know next time I stick with .com's with them.
But on another note > We.co.uk currently at $200,000 • Reserve met https://bid.rotd.com/ui/auctions/99348/11819540 ( Not my name.. but ROTD are far from shitty Ben )
lazarus
Staff member
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True the site is not great but does the job.
ROTD and Monte are very well known within the domain industry.
They have achieved about half a $billion in domain sales. I reckon the bids are legit
https://icannwiki.org/Monte_Cahn
https://icannwiki.org/Right_of_the_Dot
Good luck with your auction.
- Joined
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Great price if it sells for that, amazing, very nice name.
No worries, Ben. There's no need to apologize. ROTD has primarily been known for .com domains. Lazarus, thank you for providing that information. Additionally, I'd like to recommend two YouTube channels that anyone interested in domain names should follow:
Monte's reputation speaks volumes, Ben. I haven't come across any negative feedback about ROTD or the team behind it. ( I've been following DN's since 2006/7 )
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Do you know what happened? Reserve met, but now showing as NO SALE. Looks like no .uk names sold.
https://bid.rotd.com/ui/auctions/99348?query=.uk
A misunderstanding occurred wherein I erroneously assumed the auction to be a no-reserve auction. However, I have recently discovered that they have added their commission on top of the asking price I had initially submitted. ( Nx.uk )
Not sure about the we.co.uk auction TBH
Not sure about the we.co.uk auction TBH
You can't really blame the auctioneers for domains being over-priced. An auctioneer would happily sell a domain at half its asking price rather than not sell at full price because some commission is better than none. Whereas the domain investor, unless he is in need of fast cash, would rather not sell way below his expectation, and hold onto the asset.
It's the same with estate agents, who if a house isn't getting much interest, will want the owner to drop the price by 10%. On a typical house price this will mean a paltry 10% £xxx drop in the estate agent's £xxxx commission, a sacrifice they will gladly accept if it results in a sale and they can avoid all the extra hassle and time attending more viewings (plus possible additional advertising costs). But from the seller's point of view, that 10% reduction will deprive him of £xx,xxx from what is probably his most valuable asset and he may well be better off holding on longer to try and get the full price.
It's the same with estate agents, who if a house isn't getting much interest, will want the owner to drop the price by 10%. On a typical house price this will mean a paltry 10% £xxx drop in the estate agent's £xxxx commission, a sacrifice they will gladly accept if it results in a sale and they can avoid all the extra hassle and time attending more viewings (plus possible additional advertising costs). But from the seller's point of view, that 10% reduction will deprive him of £xx,xxx from what is probably his most valuable asset and he may well be better off holding on longer to try and get the full price.
Sure some people overvalue their homes and then ask too much. But like you say those people are not doing themselves any favours. You don't want anything to dampen down the initial flurry of interest when you first list it on Rightmove. Also after a while it can start to look like there may be something wrong with the house if it has been sat of the shelf for a long time.
But equally some types of properties do take longer to sell than others even at a fair price (e.g. large country properties or non-London properties at the top end). If there are less potential buyers or lower demand in an area, it can take longer to sell than in a buoyant city housing market at a price level where there are lots of buyers and sellers. For these slower moving properties, while you could drop the price to encourage a quicker sale, it doesn't mean it won't sell if you allow more time.
But still the interests of the seller and the estate agent are not perfectly aligned. The agent will always have a stronger willingness to drop the price because he only stands to lose £xxx in commission, but will gain avoiding any more hassle with the property. Then he can allocate more time to getting and shifting new inventory. But the seller stands to lose £xxxxx by such a move so he should assess his position carefully and think for himself.
With a domain auction, there is hardly any hassle or marginal cost involved in adding an extra domain to the inventory. Prices are more volatile and valuations harder to pin down too. So I can imagine it's very hard to turn away inventory even if you think the reserve is over-ambitious. You also want some high profile names in the auction to drum up interest in the auction from industry insiders. But you can't expect the owner to take a risk selling premium domains where he may have £xx,xxx of £xxx,xxx invested without a fall-back reserve he is happy with.
But in this case given that it looks like there were misunderstandings between sellers and auctioneers over reserve prices and 6 figure sales were falling through, one has to question how well organised the auction was.
But equally some types of properties do take longer to sell than others even at a fair price (e.g. large country properties or non-London properties at the top end). If there are less potential buyers or lower demand in an area, it can take longer to sell than in a buoyant city housing market at a price level where there are lots of buyers and sellers. For these slower moving properties, while you could drop the price to encourage a quicker sale, it doesn't mean it won't sell if you allow more time.
But still the interests of the seller and the estate agent are not perfectly aligned. The agent will always have a stronger willingness to drop the price because he only stands to lose £xxx in commission, but will gain avoiding any more hassle with the property. Then he can allocate more time to getting and shifting new inventory. But the seller stands to lose £xxxxx by such a move so he should assess his position carefully and think for himself.
With a domain auction, there is hardly any hassle or marginal cost involved in adding an extra domain to the inventory. Prices are more volatile and valuations harder to pin down too. So I can imagine it's very hard to turn away inventory even if you think the reserve is over-ambitious. You also want some high profile names in the auction to drum up interest in the auction from industry insiders. But you can't expect the owner to take a risk selling premium domains where he may have £xx,xxx of £xxx,xxx invested without a fall-back reserve he is happy with.
But in this case given that it looks like there were misunderstandings between sellers and auctioneers over reserve prices and 6 figure sales were falling through, one has to question how well organised the auction was.
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