Hot News on Dollars.com !

Suddenly Last two bids (14th bid 500,000 Euro and 15 th bid 750,000 Euro - both bids are made by same bidder- bidder 10 ) for Dollars.com was cancelled and now current price of dollars.com is 300,000 Euro only. Now SEDO has changed in bidding place as "Reserve not met" 2d 5 hr remains for end of auction.

This affects both the value of the domain name and SEDO's reputation. It may be some fake bids (multiple bids 14th bid and 15th bid by same bidder) to raise the bid price. The fake bidder got afraid because he will be bind to pay if no further higher bids received. More over i am not able to understand how sedo allows like this (it will seriously affect the current domain owner)

If the same procedure is followed by (bidder 6 - who made a 13th bid of 300,000 Euro ) then the (11th bid 250,000 Euro and 12th bid 100,000 Euro - made by the fake bidder - bidder 10) what will be the position of the current domain name owner. How he will believe SEDO to sell domain names in his hand now. SEDO has to view this serious

Domain buyers and sellers have to view this point and make some reviews on this.
Who is the root cause for this problem?
Who are going to gain because of this scam? (either single person or multiple persons).
Who tries to scam whom? We have to think a lot to decide!

Top notch price for 770.com.

Casino770.com has purchased the domain name 770.com for 175,000 GBP. I was not able to believe the pricing, I browsed the site, it splits traffic in to two sites (casino770.com and poker770.com). As no proper records regarding the sale was available, before some 3 days ago - only referred at few blogs. I left without publishing in my blog. Generally “nnn.coms” are sold around 6500 USD on Live domain
name auctions. Last good sale of 736.com at SEDO is 9000 USD - I thought it as a good sale.

Casino770.com - online gambling operator purchased this domain name from a private investor. I am not able to view that this domain was available for auction at SEDO. Even though sale is made by them.I think that casino770.com has some specific interest on that domain and they wished to acquire at any cost, because of that it was sold at a very high price (BIN price i think)

I was only able to believe only when i saw a press release on "PRweb " There the director of business development - SEDO.co.uk was very happy and pleased with this high profile sale of red hot and short commodities like this.

If you ask domainers

What is the worth of my domain name?
They simply say it worth what the buyer wishes to pay to buy your domain name

Dollars.com is for sale at SEDO.

Virtual Network SA a portfolio owner sells one of his famous domain " Dollars.com " (finance and investment related domain) registered through Network Solutions LLC. The domain was registered in the mid of 1995 and domain renewal fee paid up to 2011. This domain name receives 4700 uniques per month. The domain name is parked with sedo. Visitors for this listing is around 4250 per month. As a domain seller, i see this is the only high quality domain name for auction next to pizza.com

Currently 10 bidders made around 15 bids, initial bid started from 100 Euro and current bid is 750,000 Euro.The estimated reserve price is met. The auction is set for 7 days and 4d-5hrs remains for end of auction. It is a high quality domain similar to Fund.com.

This auction is quite critical, i saw only one bidder is very much interested in this domain name and made 4 bids - probably double bids ( 11 th bid - 100,000 Euro, 12 th bid - 250,000 Euro, 14 th bid - 500,000 Euro and 15 th bid - 750,000 Euro ). above 100,000 Euro there are only 2 bidders. So there are lesser chances for higher prices. Even then there may be some guy waiting to make a high bid at the last minute of auction for his sure fire success.

The Google results for keyword "dollars" is : 193,000,000
Max PPC bid is $ 4.3
OVT Searches / month : 96200
Word Tracker Searches / day : 365
Alexa ranking : 1,517,760.

Even though the keyword "dollar" has lesser searches compared to pizza. It is a finance related domain name. This domain also faces the same situation - no proper marketing, the number of bids and bidders will be more only if the current owner wills to do some marketing activity by placing some eye catching banner ads at different domain sale sites, domain forums and even search engine campaigns - adwords ad related to domain keywords. I personally feel the final sale price will be above pizza.com's price even with out marketing

This domain receives 37 % of traffic from US and 19% from Switzerland and 11% from Newzealand. The same domain in another extension " dollars.info " is also for sale at SEDO the asking price for that info domain is 6700 Euro.

Web Magic Ventures won its Ace.com at UDRP arbitration?

ACE limited an insurance company made an offer of 450,000 USD for a three char .com domain "ace.com" from its current owner Web Magic Ventures, as they rejected the offer to sell that domain ACE limited filed an UDRP (Uniform Domain Name Dispute Resolution Policy) arbitration against Web Magic Ventures to acquire that domain and failed. UDRP panel left ACE limited without charging any penalty for its reverse domain name hijacking. Finally Web Magic Ventures won. ( Note : there are so many 3 char domains still under dispute, even .info and .biz extensions)

This domain name was originally registered by Web Magic Ventures. However ACE Limited filed a suit to claim for its trademark since 1985 at common law trademark rights. That panel concluded "ace" as a generic term and not a branded name that can be trade marked. They revealed that ace.com was not registered under bad faith to spoil the reputation of ACE Limited

Finally ACE Limited tried UDRP defense. They said that Web Magic Ventures do cyber squatting simply buy and sell domain names they park that domain for earnings and not registered to do any business like that. But Web Magic Ventures pointed that they started their business on their several domains

ACE Limited didn’t disclose any thing to the panel regarding the multiple attempts made by them to purchase the domain name from Web Magic Ventures. ACE Limited made several offers, starting from $450,000. Web Magic Ventures repeatedly rejected the offers and said the domain is not for sale. After few years of failed attempts to buy the domain name "ace.com", ACE Limited filed the UDRP arbitration.

Although Web Magic Ventures won the dispute, the panel did not find reverse domain name hijacking. It found that ACE Limited does have any rights on “ace.com” and left ACE Limited with out charging any penalty.

Note : Buy generic domain names only. Try to develop the domain, don’t park for prolonged periods. In most cases competitor ads may come and if they felt that it is a right domain for them. They will try to acquire the domain name, either by paying the owner or by filing a law suit. If you feel your domains are of lesser value and probably you wish to sell, better chance you may meet a fellow like ACE limited to buy one of your domain and you will sell that domain name for some high prices. Then you may be, quite a lucky fellow.