Astonished with extended auction for conag.com ! ! !

Probably every friend knows a few top domains for auction at SEDO - Great DOMAINS

america.com --- ( reserve >100,000) went up to 1,720,000 USD but reserve not met

diamantas.com ---- ( ~ > 70,000 USD ---- reserve not met )

won.com --- ( ~ > 50,000 USD ----- reserve not met )

conag.com ---- ( bid won for 88,000 USD )

I was really fascinated with this sale, auction time got completed when bid went to 82,000 USD. but two fellow guys repeatedly submit their bid to win this game ( a real chase )

Totally 48 bids and 82,0000 USD was the 42 nd bid. I was watching this game at the end when only 7 minutes left over for auction completion. One big joke was both guys adopted proxy bidding to capture that domain

One fellow guy made nearly 17 bids to capture america.com ( the starting bid was 1000 USD he was the 3rd bidder and he made bids continuosly 17 bids one after other up to 1,720,000. no one is ready to touch the game. i think if sedo has to give some clue

Eg

( If it is a broker initiated auction)

seller reserve - 3.5 Million (say) - concealed

broker reserve - 3 Million to 6 Million ( appraisal value by broker team)

when the domain bid exceeds 3 Million broker has to publicly open the sellers reserve price which is concealed in almost all the cases. In the situation of america.com the fellow guy made 17 bids ( he was testing waters to capture the domain very nearer to seller reserve)

He may have not made so many bids if he was aware of sellers reserve (or)may be got that domain with some finance option if sellers reserve is known. everybody knows companies like domaincapital, digipawn, dncredit, domainbackers are ready to offer loan up to 60% of market value on domain names. In future more financing guys will jump to finance on domain names as domains are considered to be the hot property in the field of internet real estate. More over i am watching and observing that domain prices at after market gets boosts up each and every day.

Have a happy day for all of you,

Bye