LLLL.com auction on NamePros Summed up
March 22nd, 2008The problem with having a domain auction in a chat room is that with 100 people in a room, everyone has their own comments. Almost always they slow down the auction. Some people made suggestions on how the system shoudl go, others just continued to ramble on about random things and on occasion, typing “sold” at the wrong moments.
The auction was definetly slow and quite honestly, a bit rough to watch. Even though it was supposed to be an LLLL.com exclusive auction a few lots had LLLL.net’s and most weren’t even fetching registration costs.
A couple of spotlights on a few of the listings. Coil.com sold for $20k to NamePros member Bfluid (who is also the Organizer of the auction). However, My bet is that we will see a buyout. Where the owner has an option not to sell by paying the bidders $5. I am not a fan of this kind of setup.
All in All, quite a few domain names found new homes, but it took 3+ hours to auction off less than 100 lots. Thats pretty time consuming. However, I want to congratulate Bfluid for putting together and running this auction event.
Justin
The waiting and waiting for the Going Once…. Going Twice… And…. Took Forever. I think I might of even fell asleep for a couple. When the gems came up, it was even longer and even with bFluid yapping up the domains, the forum didn’t produce the high bidders it needed. With the buyout clause, I didn’t even bid, because it would of been a waste of my time if I would of won at a “bargain”.
Comment by Jamie — March 22, 2008 @ 9:37 pm
Great post - you should advise the organisers at NamePros how to organise the NEXT auction.
Good Luck
Comment by Damir — March 23, 2008 @ 5:05 am
Damir,
I do appreciate your comments, however there is no need for organizing the next NamePros event, especially when we are in the final stages of development on a custom auction platform. Stay Tuned!
Justin
Comment by admin — March 23, 2008 @ 11:26 am