Namebio reports 5 lll.com sales each one for under $1,000 today 4-4-08! - DNForum - Domain Sales, Domain Forum, Domain Appraisals, Domain Registrars

**cadillac880** · 04-04-2008, 08:17 PM

Namebio reported today and confirmed the following sales occurred today over at afternic:

wja.com $735 2008-04-04 afternic
zli.com $500 2008-04-04 afternic
pqt.com $571 2008-04-04 afternic
rlu.com $900 2008-04-04 afternic
llj.com $603 2008-04-04 afternic

As well as say.org and gut.org for $500 each

Thanks,

Joe Mucci

**Acro** · 04-04-2008, 09:23 PM

http://namebio.com/NameBioBlog/2008/...rape-of-ireit/

**DomainSpade** · 04-04-2008, 09:35 PM

Joe,

I am quite aware of what has happened this past week at Afternic. As it turns out, it seems as though iReit opted to list a huge chunk of their portfolio for sale. However, they made a crucial mistake of not pricing domain names out properly. Domain names that were substantially more valuable were sold at a fraction of their reseller prices.

I was aware on Friday of several sales, including Say.org and Gut.org (as well as one that I grabbed - Overwhelm.com) all at $500 each. I spent a good deal of Friday on the phone with BuyDomains trying to determine what teh situation was, and how best to go about buying domains.

I attempted to purchase several LLL.net, but I was too late. (Including Lad.net). They had already pulled most of the valuable domain names by then. Only a lucky few on Friday got their orders filled in time before the mistakes were corrected.

I had not been aware of the 5 LLLL.com's until this morning, when afternic listed them and I did a proper historical check. By my guesstimates iReit lost about 34-40k in potential revenue (easily) just on the LLL.com's and personally, I think the mistake is much closer to 100k in total. As more sales are posted (if they are posted) I will continue to document this critical error, but one of the largest domain holders.

Justin

**Acro** · 04-04-2008, 09:41 PM

Party like it's 1989

NostraDomainus · 04-04-2008, 10:02 PM

iLMAO

Anyone got a copy of the domainers e-book laying around that iREIT could borrow? (j/k)

Then again, maybe this is a way to get publicity, as any publicity is good publicity I guess :S

**Dorkside** · 04-04-2008, 10:09 PM

Un-freakin-believable!

**Keyword Factory** · 04-04-2008, 10:12 PM

I tried to buy a 2-word .com from them this week. I would have paid maybe $250 for it here. They had a $500 min so I went with that. They came back with min offer $5k so their prices are not good if you inquire. They were way above what Buydomains would have sold it for, at least for that one domain.

**chording** · 04-04-2008, 10:13 PM

Oh dear

**intellect** · 04-04-2008, 10:18 PM

Crazy. Sometimes its better to be lucky. Its cool that iREIT honored the sales though.

**thevirtual** · 04-05-2008, 12:15 AM

Some domainers just have very good luck.

**DomainsInc** · 04-05-2008, 12:25 AM

I wonder who lucked out on those.

**Busynic** · 04-05-2008, 12:30 AM

A mistake of that magnitude will certainly bring the punters out in droves. For Afternic its a gigantic win with respect to traffic. Unfortunately, it is also vindication for the low ball offers that are tabled day after day on premium names.