In what is certainly the smallest of sample sizes 1, Gmmm.com closed yesterday on Go Daddy Auctions. This domain was owned by the owner of this blog Adam Dicker.
Back in June, Adam had overlooked a few domains Gmmm.com,Yhhh.com and oopo.com. They were all on Go Daddy Auctions and had 4 days left in the auction. Gmmm.com had 58 bids and was at $1,585 with 14 separate bidders. The numbers for Yhhh.com were even better, $1,630, 63 bids from 12 separate bidders. Oopo.com which was the one I thought was the best and just accepted at BrandBucket.com was at $256.
When I saw these domains on Go Daddy, I messaged Adam and he renewed them.
Last week as a test he decided to auction GMMM.com, the auction ended yesterday at $310 with 8 bidders. So why the disparity in price in two months ?
When I tweeted the sale price a few people tweeted or dm’ed me they thought the name went for cheap.
I have always believed there was a sharp contrast in a lot of domainer minds about bidding on an expired auction and a public auction. Myself if I like a name I would certainly bid in a public auction. Some have told me they would not do the same, they have had reasons such as:
I actually a domain that got to auction last week, not because I was looking to check the price with a real world opinion. I had a domain that was a .org and when I looked to renew Go Daddy was showing me a renewal price of $17.99, it was late and I just did not bother at the time to go check the coupon code thread on Namepros.
I really just forgot about the name and then when I finally did get around to renewing it the domain had 1 day left on auction. It closed at $120 with just 3 bidders. I got the auth code and transferred to Name.com for $8.99. I would certainly honor the $120 sales price as the domain was just forgotten about and I was not seeking the auction results. The domain was Wingo.org. I don’t think it would get more than one bid at $12 if I put it on public auction.
Feel free to share opinions in the comments if you have ever renewed a name and then auctioned, or if public or expiring makes any difference in your bidding habits.