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June 22nd, 2007 by Jay Westerdal

Chart Graph UpA lot of people have been emailing me or telling me directly that they had a very deep fear that there was shill bidding going on at the Moniker New York Domain Auction. I asked them to explain why they thought this was the case. It is an extremely serious claim because not only would it be unethical it would be very illegal. I caution anyone from making that claim and would tell them to be careful. Why would someone want to shill bid all the big ticket domains in the auction? There really is not a good reason that I can think of to do that. Perhaps a joker that knew the reserves and thought it would be cute to bid below the reserve. However Monte Cahn is a smart man and I am sure he would spot that so it would be dangerous for a joker to do something illegal like that and be permanently banned from the conferences and auctions. That person would be treated extremely bad by domainers in this close knit industry. I know moniker video taped the entire thing, perhaps they can run the tapes and see who the high bidders were that never got domains. I know that if my reserve was $5 Million and someone bid $4.5 Million I might be convinced to meet them in the middle or lower my reserve on the spot. Everyone knows each other and people talk, something like this would not be a good idea to do infront of a room full of extremely smart people. So therefor I have to dismiss the theory as highly unlikely. But the data is very compelling just on its own. We can see that every $5 million dollar reserve domain got a $4.5MM bid. There was an astonishing $54,222,500 amount bid on domains that did not sell because the reserve price was too high.

  Domains Last Bid Average Bid Median Bid
Sold: 115 $10,858,200 $94,419.13 $25,000
Not Sold: 81 $54,222,500 $669,413.58 $120,000

Monte, if you can look into all this data and respond in the comments that would be great.

Seniors.comSeniors.com
Paul Sloan of Business 2.0 read my earlier post about the high priced domains which I thought would not sell in the upcoming auction and chose one domain out of the list, Seniors.comSeniors.com. His post Seniors.com for $1 million? C’mon was about how that one domain looked over priced. Paul was shocked when it sold for $1.8MM and so was I. It is rare to see a retail buyer join the wholesale auctions and bid on a domain. The $1.8 Million dollar bid must have been from a retail bidder. I asked who bid on the domain because I wanted to interview the new owner and see what his plans were for it. I was told the bid was by a “left bid” or a phone order bidder and that it was not someone in the room. I guess I can wait until the whois updates and see the owner show up or I can check out the new website when it launches. It would make sense if it was Senior Exchange Inc. who is the owner of Senior.com. I will update you if I can interview the company that bought the domain.

Domains that did not sell:

Domain Highest Bid Received Reserve
Auction.com $4,500,000 $5,000,000 and up
Slots.com $4,500,000 $5,000,000 and up
Horse Racing.com $4,500,000 $5,000,000 and up
Dermatology.com $4,500,000 $5,000,000 and up
Puerto Rico.com $3,500,000 $1,000,000 – $5,000,000
Scotland.com $3,000,000 $1,000,000 – $5,000,000
Press Releases.com $3,000,000 $1,000,000 – $5,000,000
Student.com $3,000,000 $1,000,000 – $5,000,000
Cats.com $2,000,000 $1,000,000 – $5,000,000
Commodities.com $1,750,000 $1,000,000 – $5,000,000
Menopause.com $1,500,000 $1,000,000 – $5,000,000
Stuff.com $1,500,000 $1,000,000 – $5,000,000
Draw.com $1,500,000 $1,000,000 – $5,000,000
DSL.com $1,500,000 $1,000,000 – $5,000,000
OBGYN.com $1,000,000 $1,000,000 – $5,000,000
Six.com $1,000,000 $1,000,000 – $5,000,000
Tourist.com $750,000 $1,000,000 – $5,000,000
Artist.com $750,000 $1,000,000 – $5,000,000
Elections.com $700,000 $500,001 – $1mm
Dollars.com $700,000 $1,000,000 – $5,000,000
How.com $600,000 $500,001 – $1mm
Ethanol.com $600,000 $500,001 – $1mm
Martial Arts.com $600,000 $500,001 – $1mm
Whiskey.com $400,000 $250,001 – $500,000
Planet.com $350,000 $500,001 – $1mm
401k Plans.com $350,000 $250,001 – $500,000
Bourbon.com $300,000 $250,001 – $500,000
Comic Books.com $300,000 $500,001 – $1mm
Gin.com $250,000 $250,001 – $500,000
TGP.com $250,000 $250,001 – $500,000
Internet Radio.com $225,000 $250,001 – $500,000
Supplies.com $200,000 $250,001 – $500,000
EC.com $200,000 $250,001 – $500,000
Union.com $185,000 $100,001 – $250,000
Naked.com $150,000 $1,000,000 – $5,000,000
Auto Classifieds.com $135,000 $100,001 – $250,000
Fitness Center.com $125,000 $100,001 – $250,000
Insurance Rates.com $125,000 $100,001 – $250,000
Scores.mobi $120,000 $100,001 – $250,000
New York Realty.com $120,000 $100,001 – $250,000
Computer Equipment.com $110,000 $100,001 – $250,000
Roller Coaster.com $100,000 $100,001 – $250,000
HY.com $100,000 $100,001 – $250,000
QR.com $85,000 $100,001 – $250,000
Flights.net $85,000 $50,001 – $100,000
62.com $80,000 $50,001 – $100,000
82.com $75,000 $50,001 – $100,000
Manufacture.com $75,000 $50,001 – $100,000
Breathalyzer.com $70,000 $50,001 – $100,000
46.com $70,000 $50,001 – $100,000
Polling.com $70,000 $50,001 – $100,000
Bhutan.com $70,000 $100,001 – $250,000
Sale.mobi $65,000 $50,001 – $100,000
Passover.com $60,000 $50,001 – $100,000
High Definition.com $60,000 $50,001 – $100,000
Masters Degree.com $60,000 $50,001 – $100,000
06.com $60,000 $50,001 – $100,000
Custom Motorcycles.com $55,000 $50,001 – $100,000
Invest.net $50,000 $50,001 – $100,000
Pay.mobi $45,000 $100,001 – $250,000
Talent Agent.com $45,000 $50,001 – $100,000
Prescription Medication.com $35,000 $25,001 – $50,000
Phones.mobi $30,000 $25,001 – $50,000
Vacations.mobi $30,000 $25,001 – $50,000
Tattoo Parlor.com $28,000 $25,001 – $50,000
Chocolate Candy.com $27,500 $25,001 – $50,000
PDA.net $25,000 $25,001 – $50,000
Forbidden City.com $25,000 $25,001 – $50,000
Security Equipment.com $25,000 $25,001 – $50,000
Carburetors.com $25,000 $25,001 – $50,000
CD.net $22,500 $25,001 – $50,000
Text.mobi $21,000 $10,001 – $25,000
Property Management.net $20,000 $25,001 – $50,000
Individual Retirement Accounts.com $20,000 $25,001 – $50,000
Catering Service.com $17,500 $10,001 – $25,000
Europe.mobi $14,500 $10,001 – $25,000
555.mobi $10,000 $10,001 – $25,000
Pesos.com $7,500 $50,001 – $100,000
300.mobi $4,000 $1,000 – $5,000

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Posted in Domain Auction, Moniker | 6 Comments »

Comments

  1. jeff9 Says:

    true, these numbers look wayy too suspicious

    how does every single 5 million reserve name have a 4.5 million bid… why wouldn’t the buyer go down $500,000?

    When you bid 4.5 million for a domain what is $500,000 more?

    When you buy real estate – the bidding goes up in the $xxx,xxx range when you buy big buildings in manhattan. These guys have big warchests like some of the high brass domainers and I see no difference.

  2. jeff9 Says:

    As always the Moniker auction was professionally done.. I should have mentioned above IF that person is right and something did happen it would have probably been done by a thrill seeker wanting to garner attention to the name. I disagree that any staff would have anything to do with it. They have a quality team. ;)

    btw I’m really surprised insurancesrates.cominsurancesrates.com didn’t sell – thats a wicked name ;)

  3. uk_james Says:

    http://www.domainblog.co.uk/news/targeted-traffic-auction-in-new-york/ listed a similar pattern the day after and it got me thinking.

    it is a very close knit industry and thats how rumours fly, but usually they have grains of truth. I just hope that is not the case in this instance.

    Well done for posting what a fair few are thinking.

  4. dreameyes101 Says:

    Looks like friendfinder got seniors.comseniors.com.

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    [...] an interesting list to mull over. Credit goes to Domain Tools Blog for the list. They have some comments to make about it you might like to [...]

  2. Wholesale » Blog Archive » The Too High List Says:

    [...] Silver Maple Leaf wrote an interesting post today onHere’s a quick excerptIt is rare to see a retail buyer join the wholesale auctions and bid on a domain. The $1.8 Million dollar bid must have been from a retail bidder. I asked who bid on the domain because I wanted to interview the new owner and see what … [...]