Domainer Mardi Gras 2010 "showcase auction" results are in....

**cerno** · 02-17-2010, 07:08 PM

I would say pooltablerepair.com and womensbags.com could have fetched more in a different venue.

The results from santa monica, vegas and new orleans auctions seem to confirm the lack of user-buyers paying attention to the auctions. Each auction had a few respectable transactions but I suspect those had offers going into the auction, the buyers didn't just discover the domains at the auction. As with real estate and other assets, you have to go out and rustle up the buyers that will utilize the domain for its "highest and best use" in order to get a price that reflects "highest and best use."

**mike031** · 02-17-2010, 07:16 PM

Originally Posted by cerno

I would say pooltablerepair.com and womensbags.com could have fetched more in a different venue.

The results from santa monica, vegas and new orleans auctions seem to confirm the lack of user-buyers paying attention to the auctions. Each auction had a few respectable transactions but I suspect those had offers going into the auction, the buyers didn't just discover the domains at the auction. As with real estate and other assets, you have to go out and rustle up the buyers that will utilize the domain for its "highest and best use" in order to get a price that reflects "highest and best use."

its the brokers / auction house job to keep the sellers in check...... both online and offline

they have to recommend a realistic price, explain why, etc... and not something that has been pulled outta their ass... something logical. yes, there is a lot of work that goes into brokerage and selling stuff and obviously somebody is not doing their job

unfortunately, for whatever reason, snapnames, latona, etc.... there is a huge disconnect on more than just one end and there is no denying it anymore

they need to showcase better priced inventory and do their homework

2010 is going to suck even more than 2009.... you heard it here first

**biggedon** · 02-17-2010, 08:02 PM

Originally Posted by mike031

its the brokers / auction house job to keep the sellers in check...... both online and offline

they have to recommend a realistic price, explain why, etc... and not something that has been pulled outta their ass... something logical. yes, there is a lot of work that goes into brokerage and selling stuff and obviously somebody is not doing their job

unfortunately, for whatever reason, snapnames, latona, etc.... there is a huge disconnect on more than just one end and there is no denying it anymore

they need to showcase better priced inventory and do their homework

2010 is going to suck even more than 2009.... you heard it here first

much of what you say i can agree with and have said the same about auctioneers responsibility to draw and maintain interest in these models

screening and surveying must be done to guage buyers interest in the pool of domains and each domain specifically.

however, since the value of each domain is subject to the sellers opinion of its value, therein lies your valuation conflict.

auctioneers will always want domains at the lowest or no reserve price and sellers are reluctant to "let' auctioneers determine a minimum value.

particularly when that value is lower than coa ( cost of acquisition), unless the seller is distressed or liquidating.

here's a quote for you:

auction houses are for those who are "aggressively" looking to sell their domains, therefore that group does "not" represent those who are "passive" domain sellers.

since a difference has been established in selling tactics, (aggressive vs passive) then diifferent market values for each group is required or must be acknowledged.

so yeah, the auctions may have been market values or market prices.....but only for that market and only for those domains.

those values don't transend or overlap other domains values' being sold by passive sellers outside of those markets or venues, private and public.

it's why others look at high priced sales of similar domains as some sort of phenom, when they compare prices to "aggressive" sales market values.

you read it hear first

mr wiggles...aqua boogie

imo...