First Live Domain Auction of 2008
After a week’s postponement, today marks the day of the first live domain auction of 2008. DomainTools will be holding their live auction, with the hammer scheduled to come down beginning at 2pm EST. There will not be a video feed for this live auction, as there will be no bidders in attendance.
I am not a bidder in the auction, nor did I submit any names, but I will be a spectator this afternoon. DomainTools is known for their innovative technology, and they’ve made a few improvements from their last auction, including a count-down timer for each lot. This will allow bidders to see how much time remains in each auction, although they are advising bidders not to wait until the last minute in case of computer errors.
It will be interesting to see how this auction plays out. I don’t see any premium one word generic names in this auction (at any reserve level), and those have typically been used to generate publicity in other auctions. Invention.com sold for $500,000 at the last DomainTools live auction. There are many low to mid quality names at reserves between $1,000 – $5,000, which may generate some interest, but I think its going to be difficult for this auction to break 6 figures.
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