$500 minimum. It added $500 for autobid if you were too low but I didn't bid in $500 increments from $10856. If you bid $13000 and it was too low it would just autobid $13500 for the leading bidder.
Sold.Com.Au .... Sedo Auction
- Thread starter Data Glasses
- Start date
DomainNames
Top Contributor
oh ok, so what was your highest proxy or bid when you stopped?
snoopy
Top Contributor
You think they priced it like that because they didn't know that they paid $24 million for the site? Why would they price it any different? The site is long gone.
These "trophy" names never do well, credit.com.au was the last one. It is always "so cheap" when the auction ends. For the people who really think it was underpriced make the new owner an offer, I'll be waiting for the second much higher sale in dnjournal.
snoopy
Top Contributor
How is it a big statement? And yes I've owned lots of trophy names again people usually carry on about the price being low when sold, but the reality is buyers are not very motivated for terms with no advertisers and where nobody much is using it as a corporate name. There is no clear road ahead for them so it is down to what a collector thinks they can resell it for.
Simon Johnson
Top Contributor
I suspect you guys will agree with me on this 
http://www.domainerincome.com/news/24-million-domain-name-sold-15-thousand/
http://www.domainerincome.com/news/24-million-domain-name-sold-15-thousand/
DomainNames
Top Contributor
ok so your last bid was actually $15100? The highest bid was $15600 and it was done with $500 increments.
findtim
Top Contributor
could you expand on this statement please
tim
PS: if you read the auto email somehow I pasted the wrong info, sorry
James
Top Contributor
I did a post the other day on this, I messaged a few journalists no one seemed to care lol - http://prosperitymedia.com.au/yahoo-selling-24-million-website-10k-reserve-price/
One replied and said this "Sounds like domain prices have taken a dive! Still a few hours to go. Someone might get a bargain."
Yahoo stuff up's seems to be pretty common.
I am guessing that Car Sales had a huge proxy bid on the domain* May be wrong LOL
One replied and said this "Sounds like domain prices have taken a dive! Still a few hours to go. Someone might get a bargain."
Yahoo stuff up's seems to be pretty common.
I am guessing that Car Sales had a huge proxy bid on the domain* May be wrong LOL
DomainNames
Top Contributor
I suspect you guys will agree with me on this
http://www.domainerincome.com/news/24-million-domain-name-sold-15-thousand/
spot on it seems
- 180,000 users in 2000
- Fairfax Book value of $30 Million ( in their financial reports)
- Yahoo buys it to take out a competitor for new Ebay/ Yahoo venture ( in their own reports and statements)
- Yahoo winds it down to move business to Yahoo / Ebay etc
- yahoo cashes in on its australian assets and pulls out of Australia, holds various domain names probably for legal reasons as long as needed then its forgotton as Yahoo staff change and it's refound in 2013 as needed to be sold off probably also for legal reasons
- Junior staff member probably given job to sell off unused names and sees they still own sold.com.au but doesnt know the history from 13 years ago so chooses a low reserve... not knowing the .com.au market or values for .com.au names at all
- lists it on wrong sales platform overseas in a market noone in Australia buys .com.au's from at an auction ending time no one in Australia will be awake for
- yahoo should have used an Australian aftermarket platform or Australian based broker if they wanted more or maybe they just don't even care
- probably one of the most epic stuff up's by a company in the .com.au space in history
DomainNames
Top Contributor
carsales probably didnt even know about it or may not have been "Premium" registered properly with Sedo in time. If they are a market cap Billion company now they could justify $1 Million for it ( due to its old sales price and history of success) .. they may have missed the deal of the century also.... maybe they where also asleep..
