I was out eating steaks and drinking red wine yesterday and when I came back home I had a look at my auction history at Namejet. I saw that the domain cupcakes.info had been sold for $520.
I was sure I had seen the domain before so I checked my bidding history only to find this domain listed 3 times. Back in October 2012 I was the second bidder for the first auction. I later found out that Shane Cultra was the winner. My bid was for $788 and Shane got the domain for $798.
It appears that Shane tried to sell the domain at Namejet again this past April. Highest bid was $810 but the domain didn’t sell as the reserve was not met. Today the domain sold for $520 that was Shane’s reserve.
The most interesting fact is that the $520 winner today was also the winner in April when the bidder had made a $810 bid.
So Shane took a small hit selling this domain yesterday $798-$520= $278(plus namejet fees) instead of a $12 profit that would have resulted in an even smaller hit after namejet fees back in April. It’s nothing much and I think a little more cash is always welcome during the holidays. And I am sure he has sold other domain at Namejet for a good profit.
Reserves are a bit tricky. If Shane had a smaller reserve the first time he would sold the domain at a higher price. And if he had a higher reserve yesterday he might have sold the domain for more or not have sold it at all.
I generally don’t agree putting the same domain name for auction very often especially when the same auction house is used. A lot of domainers are impulse buyers and impulse is pretty much worn out after 3 auctions for the same domain in 14 months.
If you wonder why I didn’t bid. The answer is simple. As I said I was out eating steaks and drinking wine during auction time. Mark knows what I talking about… 🙂 It is about 22.00 when namejet auctions end here in Greece. And I spent $7k on a domain yesterday so my spending spree is pretty much over for this year!
BTW I am a bit jealous of Shane’s trophy… 🙂