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December 09, 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.

Fix.com Sells for $850,000, Heritage Auctions Moves MutualFunds.com to Push Debut Auction Total Past $1.5 Million + Tme & Place Set for Domainer Meetup in Seattle  

In our weekly domain sales report this week I noted that high end domain buyers took some time off during a week cut short by the annual four-day Thanksgiving holiday weekend in the U.S. (the highest reported sale was $29,000). However, they quickly saddled back up this week - we just learned that Fix.com has been sold by WebsiteProperties.com for a cool $850,000, which will put it in a tie with Hot.com for the 5th largest sale reported so far this year when we update our YTD Top 100 Wednesday evening (unless an even larger sale comes to light before then).

Sold sign from Bigstock 

On another front Heritage Auctions (HA) is continuing to close some big sales in the wake of the giant auction's house's first live domain sale that was held November 21, 2013 in New York City. At the end of the night a little over $400,000 worth of domains have been sold, but Aron Meystedt, the Founder and Director of HA's new Domain Name & Intellectual Property Division, kept working contacts made in the auction and has since closed more than $1 million worth of additional sales, pushing the total to date past $1.5 million

Aron Meystedt, Founder & Director,
Domain Name & Intellectual Property Division
Heritage Auctions (HA.com)

Meystedt reported today that HA had closed a deal for the marquee name in the auction - MutualFunds.com - at an undisclosed price (we do know the seller, Marc Ostrosfky was looking for $1 million for the name). Meystedt said both Ostrofsky and the buyer are happy with the amount they settled on. HA has also sold two more top notch domains - QR.com and Dayton.com - since the live sale, again at undisclosed prices.

Meystedt said, "All things considered, we thought the live event was a relative success and the enthusiasm we’ve seen post-sale, with the high-end transactions that have taken place, points to the emerging confidence that Domain veterans, new investors and end users are placing in the category and in the Heritage Auctions platform.”

HA is one of the world's three biggest auction houses (in a league of their own with Christie's and Sotheby's). The landmark auction in New York was the first time that a major, mainstream auction house offered domain names for sale - a category HA says it is committed to for the long haul.

One other note today. Last month we told you that  DomainSherpa.com Founder Michael Cyger was planning a new Meetup for domain investors in the Seattle area that would be held in early 2014. The date, time and location for the debut event has now been set. It will be held atop the world famous Space Needle in Seattle on Jan. 30, 2014 from 6 to 9pm

It is obviously a great location but space is limited on the needle, meaning attendance will have to be capped at 45. With the number of domainers and domain related companies in Seattle that looks like a quick sell out, especially with tickets priced at just $15 (with proceeds going to the Fred Hutchinson Cancer Research Center). You can get more details at DNSeattle.com. I think every major city should have a regular event like this and the day is coming when most will.

Posted December 6, 2013)  

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