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July 13, 2013

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

High End Domain Sales Continue Comeback With $380,000 Sale of  Body.com But Half Million Dollar Deal for MD.org Goes South With High Bidder Getting Sued

Earlier this week we broke the news about 114.com selling for $2.1 million in the highest domain sale reported so far this year. The previous top sale had been reported just the week before when it was learned that Brand.com had changed hands for $500,000. Now comes news this afternoon, in a message from Paul Nicks, the Aftermarket Product Director at Go Daddy, that they just closed a $380,000 sale for Body.com. Nicks told us, "Body.com was listed via our partnership with Sedo and sold from GoDaddy.com as a make offer listing."

So, in just the past two weeks, 2013's three biggest reported domain sales have entered the books (we will officially chart Body.com in our next weekly domain sale report next Wednesday (July 17) . We are also aware of some very large sales that have not been made public due to non disclosure agreements (one of those well into seven figures). It is still 

+

= $380,000 Sale

probably too early to make a definitive call, but after a long recession-fueled drought at the high end of the domain market, it looks like things are starting to turn. 

No Sale image from Bigstock

Speaking of high end domain sales, ever since a NameJet auction for MD.org ended with a winning bid of $555,650 in April, we have been checking the WhoIs record regularly for a change of ownership. We do not consider a domain sold (and thus eligible for our charts) until it has been paid for and transferred to the new owner. That hasn't happened with MD.org and now, after a post from Michael Berkens at TheDomains.com, we know why. 

According to Michael's report, the seller of MD.org, Privacy LLC, and NameJet have filed suit against the alleged high bidder in the auction, Scott Ross, for non-payment. The suit also indicated the plaintiffs  believe attorney/entrepreneur Ari Goldberger and his partner, veteran investor, Larry Fischer, may have been part of a group backing the bid (and thus liable for payment in the plaintiffs' view) with Ross acting primarily as an agent in placing the bid.

Michael noted, "The Plaintiffs asked the court to award General compensatory damages of “not less than $300,000″, plus the $555,650 representing the winning bid placed under Scott Ross’ NameJet Account, attorneys fees and costs of the suit, and pre and post-judgment interest.”  At this early stage in the matter, none of those mentioned in the suit, all well-known veteran industry players, have commented on the allegations (and in most cases parties to such disputes will not comment outside of legal channels). As is the case with any civil suit, the court will listen to both sides of the story and decide whether or not the plaintiff's claims have merit.

(Posted July 11, 2013) 


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