There is a lot of buzz going on this week about the live auction that took place on Monday at NamesCon, and for good reason, by all measures it was a big success. I’ve said it before and I’ll say it again, Monte is amazing and when it comes to putting together and running live auctions, he really is the best of the best.
I didn’t participate in the live auction but I did hang out and watch the action which is always fun. I’m always interested in seeing the dynamics of how people bid in live auctions and this was a great one to watch. I’ve had a few people ask me what I thought were the best buys at the auction so I thought I’d share my thoughts.
DomainNames.com – $370,000
This is such a great name, and with Frank Schilling as the buyer, safe to say it’s going to be put to good use. My guess is he’ll never sell this name, but I can’t think of a much better person to put it to good use. I think the price is solid on this one, feels like it’s worth north of $500k IMHO so I think Frank got a good deal.
MedSchools.com – $1,200
This was a really good deal for the buyer, and the seller might feel a bit of a sting as I’m guessing they were probably expecting it for sell for quite a bit more. This could be a great name in the right hands.
Stop.com – $110,000
Screaming deal. This feels like a domain that should have sold in the $250,000 – $500,000 range. I wouldn’t be surprised if we see this resell in the future for much more.
SmartDrugs.com – $9,500
Solid two-word .COM with a lot of development and resale potential given how low the sale price was. Drugs might not make you smarter but buying this name will likely make the new owner richer.
StartupFunding.com – $4,000
I might be a bit biased but I like this name, category-killer in an incredibly hot space. I also would have thought this would have sold for more, great deal at $4,000 and I’ll be interested to see what happens with this one in particular.
From what I could tell the auction went perfectly smooth except for a small bidding error with CPU.com which was handled really well, quickly corrected and the bidding continued. While CPU.com didn’t sell in the live auction, with so much bidding activity I wouldn’t be surprised if it sells in the extended auction. Here’s a video I shot of the CPU.com auction: