auctions.xyz sells for $310 while MyAuction.com is sold for $11,000: what was the best deal?

Today auctions.xyz sold at Namejet for $310 in what was an Advance Auction. The auction only had 5 bids from 4 bidders. The winning bidder won with a bid it made over a month ago: on December 4th 2013.

Namejet is running the .COLLEGE and .XYZ Premium Advance Auctions promoting the new gTLDs. In an advance auction, the highest bidder purchases an option to acquire the domain at the winning price, taking possession of the domain when it becomes available from the registry after the Sunrise period.

There are other .college and .xyz auctions running with the highest bids on deals.xyz with $610 and scholarships.college with $520. The worst marketing trick they have done is that these auctions last for months. Whoever thought of that has made a huge mistake. Nobody wants to be in a 3 or 5 month auction!!!

Also today the domain name MyAuction.com was sold for $11,000 in a public Namejet auction. The auction got 278 bids from 271 bidders and the winning bidder got a very good deal. The domain is part of the FindYourDomain.com domain name inventory that has also sold Liao.com for $100,000, xiao.com for $67,566 and daum.com for $50,000. All in Namejet auctions.

Which buyer do you think got the best deal?

Sold.Domains

About Konstantinos Zournas

Konstantinos studied Computer Engineering and Computer Science in London and lives in Athens, Greece. He works on domain names, websites and software development. Has been online since 1995 & domaining since 2002.

19 comments

  1. I saw Morgan Linton bidding on a lot of the auctions, not sure if he won this one, I couldn’t be bothered to check on a worthless.xyz… but the fact he was blogging about the owner’s new digs, and is friends with the owner, makes for some crazy bidding if you know what I mean. Good luck with your investment, from my understanding, nobody has to make good on their bid, so who really cares.

  2. I don’t like either, for me it would be auction or nothing

  3. I want to go to the .xyz party so I will be quiet 🙂

    • The party will certainly be more fun than .xyz.

      My wife asked me tonight what .xyz is after seeing your comment.
      I tried to explain to her why would anyone pay maybe a million dollars to start this new gTLD.
      Well I gave up pretty fast.

  4. I don’t think either domain is really all that great certainly at that pricepoint so I guess auctions.xyz was a better buy – at least that way they only lose a few hundred dollars. No plans to buy any domain .xyz…

  5. I got Grants.xyz but was not bidding on this one. I’m still bidding on some other .XYZ and .COLLEGE names, like them both but as I’ve said before I’m still keeping my focus on .COM but sprinkling in some gTLDs that I like here and there 🙂

  6. There were guys talking up .mobi way back. It’s a different set of guys talking up .xyz, but the outcome will be the same, I feel. Tears will be shed. A limited number of newGTLD’s will be a success. .xyz isn’t on that list.

  7. Everyone has a plan for success. My plan is to trump your plans for failure. I hope it makes sense. Not every gTLD is for everyone. But there will be so many, that in the end it won’t matter. Get ready for the ride.

  8. The G’s are all destined to fail. I give them each 90 days to conclude the demand is non existent. I predict they will all fold shortly thereafter. Of course the .com is a better purchase. Duh!

  9. I see zero value in gtlds so I vote for the .com. That said, the price was too high for that particular .com, but all in all, I would prefer to spend my money on something that has established value and not some silly naming convention that has very little, if any, chance of succeeding. Still trying to figure out what the ideal prefix would be for .xyz. Can’t think of any. Same with .tattoo. If you paid me money, I wouldn’t be able to come up with a domain I would actually want and see value in. This idea may have worked 20 years ago, but .com has become too engrained in society.
    Big fail ahead.

  10. .xyz makes NO sense and in my opinion… .xyz SUCKS!!! There are much better options out there.

  11. What do you think about AuctionJungle.com? It is on CAX.

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