The DropCatch auction for Undergraduate.com ended yesterday, and the domain auction platform made a ton of cold cash from its sale.
It’s not just the $14,050 dollars that a freshly registered, generic .com domain fetched, it’s the crazy fact that Undergraduate.com was sold – twice – in the past!
According to historical sales data from NameBio, Undergraduate.com sold for thousands of dollars more:
- Sold for $22,000 dollars at Sedo in 2011
- Sold for $22,301 dollars at NameJet in 2014
Assuming that both these sales came to fruition and the seller got paid, the “bag holder” who let the domain drop lost $22k and DropCatch made $14k out of “thin air.”
This is a the beauty of domain investing, and how it differs from real estate. There would be no way for a foreclosed home to be sold by a new owner unrelated to the previous owner without a legal contract being enforced.
The winner of Undergraduate.com was “mike000” on DropCatch – and not the UCF Bros we were projecting to win it. There were 127 bids from 75 bidders; the auction entered five figures in the last minutes.
