DomainFest Barcelona Auction Failure! Domain Sale Down

by Blog Website for Sale on June 22, 2011

DomainFest Barcelona Auction Flops Again, Few Domains Sold
by Adam Strong in Categories: Domain Auction – 7 Comments
After the disappointment of the DomainFest Barcelona live auction cancellation, the SnapNames.com re-do auction has ended with what most would consider to be more disappointment, only 4 5 domains sold for a total of $55,670. (Note this is an unofficial total).

The highest priced sale, Houses.co.uk at $50,870, received the most activity on bidding with 19 bidders and at least 3 bidders battling for the name at over $20k. The auction extended 30 minutes past the end time. It’s noteworthy to mention this sale was for one of the best names on this list started with a No Reserve price.

A few other domains appeared to receive bids that were seemingly near the reserve prices including worldclock.com, bodysculpting.com, duffelbag.com and premed.com.

One bidder with the alias “buyitfromme” chipped away at the price on WorldClock.com over the course of over 30 minutes, essentially outbidding themselves. The initial bid came in at $25,001 and the bidder kept upping their bid at the >1 minute mark. As I watched I kept thinking “Just keep bidding right away. Let’s get this over with. Why are you waiting until there’s >1 minute left” Their bid amount reached $41,000. After all that effort, the domain still didn’t meet the reserve.

Read rest at http://www.domainnamenews.com/domain-auction/domainfest-barcelona-auction-flops-domains-sold/9499

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