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?