A group of premium domain names are being auctioned off in one lot by RightoftheDot.com/Namejet.com auction at Namescon next month and yesterday drew a $1 million dollar bid.
The group of domain names is highlighted by Bar.com.
In addition to Bar.com the other domain names included in the lot being auctioned off are Bar.net, Cafes.com, Grill.com, Place.com, Pub.com and Shelter.com.
So if you bid on Bar.com you are bidding on the entire list of 7 domain names.
The high bid on the group of domain names is $1,010,000.00.
The reserve has not been hit for the auction which is being held at the live/online domain name auction in 39 days.
The reserve is stated on Namejet.com as “Greater than $1,000,000”
Estibot.com estimates the value of that group of domains to be valued for more than $3.2 Million.
Hi Michael,
Thanks for your writeup. Truth be told, that’s my little pile o’domains. I’m shifting my focus more and more toward the native habitat restoration we’re doing here at Prairie Haven (www.prairiehaven.com) and felt like this was a good time to draw the 22 year saga of those names to a close.
@Mike, interesting concept but with food resources in much demand you are fighting a losing battle.
Why, now, why this venue to auction them off, I am sure you have received crazy offers over the years, why pay 25% commission, instead of an escrow wire fee?
Have you lost your mind?
lol. some people would argue that there isn’t much mind there to lose… 😉
@ Ron – the Prairie restoration at Mike and Marcie’s is not a “interesting concept” – they’ve spent over a decade doing this and understand the value of the region historically, ecologically and culturally. Don’t take my word for it tho, head over to the prairiehaven.com blog and see the legions of people who travel to visit this unique place. Nothing conceptual about it.
Also – the “losing battle” argument for food resources mostly has to do with corn subsidies and in this region, very little to do with food.
Ron – this is because its the most premier auction event of the year and draws 48% of end user buyers. So unlike christies, sothebys, mecum, barrett jackson auctions where 45%+ comp is charged, we are at 25% because its expensive as hell to put on. we share with namescon, namejet, have a huge sponsorship, food beverage, marketing, pr, etc. the names have the best chance to get the best exposure at this event than any other in the industry. Having done this for 21 years now, I think I know what I am talking about 😉
Thank you Mike B and Mike O for your continued support! Can’t wait until another great live and online auction event at Namescon!
^ Says the guy who gets paid out of the 25% lol
Not that I completely disagree – it is a good venue.
The auction has some stellar .coms…..Such as those headlining this article. However, the New G’s submitted are subpar except for several. Most of the New G’s are not worth the registration. …When comparing Barret Jackson auctions it would be like rolling out an original numbers matching 1969 Corvette and then rolling out a rusted VW bug….I can’t help but to think the entire auction is completely political and possibly rigged to hold the New G aftermarket prices down….I remain surprised that I submitted INTERNET.DOMAINS at NO reserve and it got rejected. Reason given was that it was not “PREMIUM”….If INTERNET.DOMAINS is not premium than what is?
In a recent speech in China, Jack Ma said each technology goes through two stages: the first 20 years is about the technology itself and the next 30 years is about the technology being used in our daily lives. The first stage of internet technologies has ended and we are entering the next stage. He sees internet merchants more important than traditional merchants and I interpret this as that digital real estate will be more important than physical real estate. If this turns out to be true, then we’ll be talking about short, meaningful .com domain names in the price range of tens or even hundreds of million dollars to acquire. Looking back, those who acquire premium .com names for $1 or $2 million dollar now must be laughing all the way to the bank in the future.
Super premium long domains like SouthernCaliforniaRealEstate.com, NewYorkRealEstate.com, SmallBusinessLoans.com, and many others of different kinds are worth a fortune and far more than many one word and shorter domains.
Chinese have a different perspective on things.
Really? A Fortune? Make your best offer on SouthDakotaRealtors.com and I will have it in your hands within 36 hours if accepted.
Both of you are wrong and not seeing clearly here.
@Stephen:
SouthDakotaRealtors.com is comparatively worthless. There is no comparison to the two examples I gave above, even if you are authorized to use the trademark. SouthDakotaRealEstate.com is a good example of a “premium” long .com, but even that one still does not compare to the specific examples I gave. If you are not aware the former is a trademark violation for any casual buyer or you are not authorized to use it, however, then you are really in trouble. It appears that you are not aware of that element. I guess it’s not completely surprising when someone doesn’t know about that, though it seems rare.
Your statement also implies that you simply don’t understand what I said and the specific nature of the examples I gave. My statement was about “super premium” long domains, but you have replied as if I had written “any long domain.” The examples I gave are examples of ones that clearly are more valuable than many one word and shorter domains, and clearly more valuable in subject matter than real estate in South Dakota, for instance. Your example is not even close.
@Ron:
You have misunderstood and misread what Kassey Lee wrote, and have also created a implicit “straw man” argument. I’m not talking about only the Chinese market and neither is Kassey Lee. Jack Ma may have made his speech in China, but it might as well have been Paris. The message referred to there is about the broader Internet, not the Chinese market. When Kassey Lee transitions into “short, meaningful .com domain names” that is her own statement about the broader Internet as well, not just the Chinese market. She is not even suggesting that super premium long domain names are not and will not also be valuable, it’s just that I felt a one-sided statement like that mentioning only “short” domain names deserved a response about how longer ones can be and are more valuable than many shorter ones.
I don’t think he is paying 25%, he might be letting his grass grow wild, but to hold onto such names for this long he is far from crazy.
Like many just looking to move onto another stage in his life.
We will see if M B is sick of getting outbid by daily domainers, and pull out his war chest to show off some real money.
Otherwise same old sob story, reserve was not met, stick around for the next month bidding online.
Love them, or hate them, domainers are cheap, and I don’t blame them.
Some really nice .coms listed there.
Sorry I’m so late back to the thread. Marcie and I were out for the Afternoon Project (where was that again? oh, http://www.PrairieHaven.com ).
I should have said this in my first reply instead of the flippant one I gave. Monte’s reply is dead on. I’ve always wanted to have the names in his auction, it just didn’t seem like the time was right. I hope Kassey is correct and that this small portfolio of mine will headline a great auction.
All the best to the seller, great names.
Good with the auction, it’s always exciting to watch on as great names go under the hammer!
~
I like product name the bests
It’s sad you’re finally choosing to sell this super premium lot of domains you’ve owned for 20+ years.
We’ll all miss the bar jokes featured on Bar.com and the spillage of traffic that goes to corp.com.
In this auction, you may not maker as much as you could have if you accepted those high offers on Bar.com. This domain is definitely worth mid-7 figures.
The way you’re selling these gems may not be the best strategy to maximize on their true value. I can’t imagine watching this lot go for peanuts when they’re worth rare diamonds and gems.
In any case, good luck on this auction. Lot 1 is the best I’ve seen offered in a long time.