The Much Awaited LLLL.com Auction – Roaring Success or A Damp Squib?
Posted on | March 23, 2008 | 1 Comment
This is a question that many people would be asking themselves after attending this event. This auction was a live auction conducted at NamePros by member “bfluid” and a team of ever-obliging volunteers. To be fair to them, they did their best and put in their hardest efforts.
Just before the auction started there was a buzz of excitement in the chat-room which gradually subsided once we moved on with the auction. Originally, the auction was supposed to have only LLLL.com domains but due to popular demand, 4 letter .net domains were also included. Some people see LLLL domains as a complete waste of time but these naysayers eventually jump boat when they see the game becoming profitable.. Ah well, back to topic, that’s a different rant altogether.
This auction was a no-reserve action but instead had a unique clause called the “buyout clause” which basically allows the seller to pay the winning bidder a princely sum of $5.00 (Yes, the decimal point does exist) and be free of the obligation to sell. In my opinion, this clause was appropriate in the circumstances as most domains sold well below what they should have fetched.
Many stunners such as Weak.net, Copy.com, Sham.com were auctioned off only to fetch tremendously low prices. These three are domains which were above-par in terms of quality but we bidders didn’t have the necessary money-power.
The 4 letter .net domains were a major disappointment. These sold for as low as $5.7 per domain and without saying it goes that there”ll be a buyout from the seller’s side. Luckily, I just put up 2 LLLL.net lots with each of them fetching about $6.4 per domain (roughly).
As I’m writing typing this the LLLL.com I put up for auction is approaching and I’m left wondering whether yet another buyout will occur.
This has been an awesome guest post from Girish at DNBuff.com!
For the list of domains sold at the auction, please visit the sales page.
Tags: auction > domain auction > Domaining > LLLL auction > LLLL live auction > llll.com
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June 4th, 2010 @ 3:40 am
This auction was a no-reserve action but instead had a unique clause called the “buyout clause” which basically allows the seller to pay the winning bidder a princely sum of $5.00 (Yes, the decimal point does exist) and be free of the obligation to sell. In my opinion, this clause was appropriate in the circumstances as most domains sold well below what they should have fetched. Yes, this is very interesting actually. Very rare to see a seller actually paying the winning bidder.