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September 08, 2015

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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.

The DOMAINfest Asia Auction That Ends Thursday Has Already Drawn Over $6 Million in Bids + Some Related Domain Sales Notes 

While the first DOMAINfest Asia conference ended Monday (Sept. 7, 2015) in Macau, the RightOfTheDot.com domain auction being held on the 4.cn platform as part of the show is still going on and is shaping up to be the biggest domain auction in years. 

As of this writing  TheDomains.com (the popular blog run by RightOfTheDot Co-Founder Michael Berkens) is reporting that over $6 million worth of bids have already been placed in the 545-lot online auction. A very large offering of 3-letter and 3-number .com domains continues to drive that bid total up. Lots will begin closing (in groups staggered four hours apart) on Thursday morning, September 10, 2015 at 8AM U.S. Eastern time (which is 8PM Thursday in Hong Kong where 4.cn is hosting the sale).  

You can see a full list of domains in the auction and the current bids here. If you want to bid you have to register at 4.cn first. TheDomains also noted that if you’re a U.S. based buyer and want to bid without putting down a deposit you need to let ROTD know today by sending an email to [email protected].

The DOMAINfest Asia conference was very well received and will be back next year when the show will move to Hong Kong where it will run from September 19-22, 2016 at a venue to be announced. 

It is no secret domain sales have been booming in China. If you want to learn more about what it is selling there (and what is not) you will want to check out the latest article in TLD Registry's Chinese Domaining Masterclass Blog Series that covers the "number 4." Numerics are especially popular in China where the digits have special meanings. For example, the article notes, "the number four in Chinese culture is widely known as being a number that carries a negative, superstitious, and relatively gloomy meaning." You will learn why that is the case in this interesting new article. 

One other note today - while we are on the subject of blog posts about domain sales - Hobi Michalec, the Director of Business Development at Domain Holdings, has jus posted his first article at the new DomainSaleGuide.com site. In it, Hobi gives you the inside story on how a $50,000 sale of Charts.com that he brokered with Deepak Daftari came about. 

You will find out that it is not always easy to find a buyer for even a great domain like this one. Hobi gives you some eye-opening insight into everything that was involved in getting the sale done when the seller and potential buyers started miles apart. The original asking price was $200,000 and a lot of the initial offers from likely buyers were only in three or four figures! The article covers how that vast gap was eventually bridged.

Hobi Michalec

(Posted September 8, 2015)


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