It's good to be the king, as long as you don't make huge mistakes.
When you don’t set a reserve price when auctioning a domain you paid a good chunk of money for, it can be a traumatic experience.
That’s exactly what happened to the domain name, King.info, auctioned off at Sedo’s GreatDomains outfit.
While promoting the King.info auction at DNForum, its owner stated:
I bought this domain in march 2009 for 1607 Euro at a sedo auction and hoping for an increase in value these past two years.
I have now decided to send this to auction with No Reserve, so whoever ends up with the highest bid is going to get this domain. Wish me luck!
Unfortunately, the domain King.info just sold for only $767 on GreatDomains – thus creating a monetary hole of $1,631 after commission.
Ouch! Domainer pitfalls surely leave a long-lasting lesson.
This guy also posted a thread on DNF asking people to guess the final price and he would pay $50 to the winner. Guess what, he deleted the thread. Nice guy, huh?
if you offered to sell me king.info for two dollars you’d have to throw in a snickers bar or i’d pass.
and not regular size… the giant one.
.info values have fallen like a stone in water since 2008.
It’s not really .info’s – it’s GreatDomains and likely domain names in general. Poorly advertised. Very few buyers paying 4 figures for “reseller” prices. There’s a thread up on dnforum about moredomains.com costing $1500 in 2007 and only pulling in $248 at great domains.
@Jim He didn’t delete the thread. Mods did.