If you have been following NameJet.com over the past couple of weeks you couldn’t help but notice the number of two letter .co.uk and .Uk that have been at auction.
Two letter domain names are some of the most valuable Internet real estate space.
In the past few weeks over 50 two letter .co.uk and .Uk domain names have been at auction at NameJet.com
As you can see from the list below, no two letter .UK domain name sold.
We don’t know what the reserve price of any of the two letter .UK domain name were but none reached reserve and I don’t think I saw bid in the $xx,xxx range for any.
In all only 9 of 59 domain names at auction sold and all were of the two letter .co.uk variety with the highest price paid being $4K with most domains selling in the mid $2K range.
Meaning of course that 50 of 59 domain names didn’t sell and none of the .UK domains
So what do you think is it a .London effect?
| sq.co.uk | $2,800.00 |
| xp.co.uk | Lost | $2,600 |
| xp.co.uk | Lost | $2,600 |
| zg.co.uk | Lost | $2,600 |
| xu.co.uk | Lost | $2,700 |
| yu.co.uk | Lost | $2,700 |
| sq.co.uk | Lost | $2,800 |
| wu.co.uk | Lost | $3,200 |
| yt.co.uk | Lost | $4,000 |
| nm.uk | Reserve Not Met | – |
| nm.co.uk | Reserve Not Met | – |
| lc.uk | Reserve Not Met | – |
| lc.co.uk | Reserve Not Met | – |
| uu.co.uk | Reserve Not Met | – |
| uu.uk | Reserve Not Met | – |
| tg.uk | Reserve Not Met | – |
| tf.co.uk | Reserve Not Met | – |
| tg.co.uk | Reserve Not Met | – |
| xy.co.uk | Reserve Not Met | – |
| xy.uk | Reserve Not Met | – |
| tf.uk | Reserve Not Met | – |
| ka.uk | Reserve Not Met | – |
| yy.uk | Reserve Not Met | – |
| yy.co.uk | Reserve Not Met | – |
| ka.co.uk | Reserve Not Met | – |
| rk.uk | Reserve Not Met | – |
| ln.uk | Reserve Not Met | – |
| nc.uk | Reserve Not Met | – |
| nc.co.uk | Reserve Not Met | – |
| rk.co.uk | Reserve Not Met | – |
| ln.co.uk | Reserve Not Met | – |
| ng.uk | Reserve Not Met | – |
| ng.co.uk | Reserve Not Met | – |
| lj.uk | Reserve Not Met | – |
| lj.co.uk | Reserve Not Met | – |
| nf.uk | Reserve Not Met | – |
| nf.co.uk | Reserve Not Met | – |
| ri.co.uk | Reserve Not Met | – |
| ri.uk | Reserve Not Met | – |
| xv.uk | Reserve Not Met | – |
| xv.co.uk | Reserve Not Met | – |
| ux.uk | Reserve Not Met | – |
| yc.uk | Reserve Not Met | – |
| yc.co.uk | Reserve Not Met | – |
| ue.uk | Reserve Not Met | – |
| ux.co.uk | Reserve Not Met | – |
| ue.co.uk | Reserve Not Met | – |
| vd.uk | Reserve Not Met | – |
| xp.uk | Reserve Not Met | – |
| vd.co.uk | Reserve Not Met | – |
| qx.uk | Reserve Not Met | – |
| qx.co.uk | Reserve Not Met | – |
| xu.uk | Reserve Not Met | – |
| yu.uk | Reserve Not Met | – |
| zg.uk | Reserve Not Met | – |
| sq.uk | Reserve Not Met | – |
| gj.uk | Reserve Not Met | – |
| yt.uk | Reserve Not Met | – |
| wu.uk | Reserve Not Met | – |
Totally unrelated events.
Flooding a reseller venue such as Namejet that is dominated by US domainer buyers with tens .co.uk and .uk domains that are NOT sold as pairs will get you these prices.
Miss, miss, miss and miss.
registries seem to think that people and businesses have unlimited amounts of money to put towards domains. so now if you’re in London, you need .co.uk, .uk, and .london….what’s next?
Scottish people may be eagerly waiting for .Scotland.
Actually, if they get their own country, they would be eligible for their own two-letter code instead…
They are not going to have to wait long
http://dotscot.net/
A: “no”
@Konstantinos Zournas. Agree.
I also know it would be the same for most cc’s Two letters are for international corporates (com) The cc’s are irrelevant in this market.
According to my records, NameJet has had 27 LL.co.uk transactions. 8 of the 9 lowest were the few .CO.UK domains that sold last month. The rest were from 2013 and ranged in price from $3.5k to $9.1k.
By doubling the number of domain requirements for buyers (i.e. .CO.UK + .UK), the prices OUGHT to be cut in half. Naturally, reserves based on former days will be met less frequently.
Moreover, most people recognized that bidding on either the .CO.UK or .UK at auction would leave the remaining domain vulnerable to price manipulation. We can see now that the winners of those 8 .CO.UK domains are in a very bad spot. Who knows how much the seller will now demand for the other half?
.LONDON has nothing whatsoever to do with this.
Did you not participate because of .LONDON? or simply because you didn’t see the investment potential?
Seems odd that the co.uk / .uk weren’t paired and odder that you’d go after one without the other. Have to agree with JP on that.
Yes.
2-4 letter acronyms and numeric domains without additional meaning (strings such as 888 or 123 have meaning beyond the numbers themselves) will be diluted lower by the addition of dozens of viable generic extension alternatives. 2 to 4 character and numeric .shop .link .web .world and other alternatives will take some of the aura surrounding the .com version away over time. While those strings are not mature alternatives yet (dot web isn’t even out yet), they are coming and the market is pricing those changes in. The fact that namejet is a US based market and these are UK strings is completely irrelevant. I paid 10k a string for 8 two character .co.uk names from a british registry run auction, and i live in the Cayman Islands… the domain name business and smart money are global. They speak English in America too.
Hhhmmm NO. Frank you are alone on this one.
kk.com and dn.com were sold for millions and value of these domains in not going down any time soon.
And giving vague statements will not help your case. 2 letter .com are a mile away from 4 letter .com.
In my opinion 4 letter .com were never that valuable. Only some very good combinations were.
Namejet is not even catching expired .co.uk domains so UK domainers do not frequent Namejet for .co.uk so it was harder to reach to them with such an auction. And how many domainers from the US do you know that buy .co.uk domains? 3? 5 maybe?
Do you know how many .co.uk domains over 20k has Namejet sold in the past 2 years? Less than 20 from what I see.
Try replying with facts for once smarty money.
“and value of these domains in not going down any time soon”
That’s not a fact, that’s a prediction, just like Frank’s prediction that .com’s value will be diluted to other strong generic TLDs.
Then both your predictions are influenced by the fact you have a vested interest in .com retaining its value and Frank has a vested interest in new gTLDs succeeding, so it’s hard to see through the crap
Mine is based on past sales while Frank’s is based on pretty much nothing but this failed Namejet auction on .co.uk domains.
Actually I don’t know what Frank’s prediction is because he has said that .com value is not coming down any time soon and he is selling his .com domains at record breaking prices. So if he is talking about a 20% dilution 20 years from now I actually don’t really care today.
I have both .com and new gltds. It’s hard to see through the crap when people are constantly saying one vague thing after the other and their opinion is changing with the context: .Com is king when talking about .com and .com is shit when talking about New gTLDs. Moderation is king and it seems to have died with the New gTLDs.
Oh and I bet that Frank’s vested interest in .com far greater than mine!