Namebio reports 5 lll.com sales each one for under $1,000 today 4-4-08!

[cadillac880]

......................

 

[Theo]

http://namebio.com/NameBioBlog/2008/04/04/the-rape-of-ireit/

 

[DomainSpade]

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

 

[Theo]

Party like it's 1989

 

[NostraDomainus]

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]

Un-freakin-believable!

 

[Deleted member 5660]

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]

Oh dear

 

[intellect]

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

 

[thevirtual]

Some domainers just have very good luck.

 

[DomainsInc]

I wonder who lucked out on those.

 

[Busynic]

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.

 

[DomainSpade]

I wonder who lucked out on those.

The same domainer bought all 5 LLL.com's - located in Bangkok

 

[Deleted member 72075]

i kown a company named iREIT taday .....

 

[DomainMagnate]

Nothing to see here any more, party is over. I doubt they'll give out any more bargains.

 

[Compassion]

(wipes drool from keyboard..)

 

[Focus]

big f*cking deal..lol

 

[Edder]

"IREIT" that deal AAA+++!

 

[DNP]

Well known marketing trick ...

 

[domain newbie]

Well known marketing trick ...

quote second that