I noticed an auction at Flippa for the domain USA.Vacations that ended a few days back.
High bid was $800 and the domain didn’t sell but what is quite interesting are the comments.
It seems that the seller didn’t reveal the renewal price at the description of the domain name. And he never actually said what the renewal price was.
The domain is a premium one with a renewal starting at $4,000 at the cheapest registrar and going up. I saw it at a registrar at $4,500.
An interested buyer asked about the renewal price but the seller said that he was on his iPhone and couldn’t remember. I say that it seems pretty hard to forget paying for a $4,500 premium domain just a few months back. The seller said that he thought that it was a $1k premium domain like a few others he had. The interested buyer eventually found the renewal price on his own and posted it in a comment.
But even if the seller forgot, he never revealed the price when he had the chance.
He slowly lowered the reserve from $9,999 to $1,199 and then just a bid above what was the current bid: $800. Nobody bought the domain.
Then he relisted the domain and the high bid is now $175 and the reserve is probably $200 and the bin is $500. The renewal fee is still not shared in the description. This is what the seller says now about the domain’s renewal price when asked:
I bought the domain for $3,600.00 before release- just spoke with Donuts and they said 1k-3.6k renewal for this premium domain- they said all renewals are being considered and reconsidered all the time so no definitive answer but could be at low end of that 1st year or higher end depending on what they do.
I don’t think that Donus will be lowering renewal prices. I think that the seller is confused between premium renewal prices and EAP prices. EAP fees are paid only once. So that is why a domain that he paid for $3,500 now has a $120 renewal fee. Donus didn’t lower the renewal fee.
A bidder now wants to cancel his bids as he didn’t know about the high renewal prices:
I was naive and had no idea about the renewal fees. Obviously I should have looked them up before I made the bids on four of your domain. Is it possible that i cancel this?
Sorry for wasting your time, I will check this out carefully in the future!
It seems that the seller is trying hard to unload this extreme premium domain name by taking what seems like a huge loss in 7 months. New gTLD domain renewals are a killer.