NEW YORK, NY – Someone landed a fantastic deal on Flippa this weekend. Amazingly, I lost the auction despite my accidental astronomical one-too-many zero’s high-bid. I’m not going to mention what domain it was (to avoid any politics on the issue), [all luck to the winner who got a great deal] but the domain name was a single word .com highly-commercial term with an Estibot well over $200,000.00 and it sold for about 9 percent of that.
Not a .net domain selling for 9%, but a .com at 9% of the Estibot. Now I am aware that not everyone swears by Estibot values, but it is usually pretty good at valuing true generic single word .coms, and it isn’t usually that wide-off. At minimum, it’s always been a very good indicator of what’s highly desirable.
Buyers market you say? Certainly.
How my astronomical, ‘one zero too many’ high bid still missed it:
During the last hour of the auction, I placed what I thought was an unbeatable high-bid, (one zero too many, automatically out-bidding any competing bid). While I was searching around the site to see if there was a way to figure out for certain what my high bid was, and if I saw that correctly in that split-second, to make sure I knew how bad the damage would be if bidding remained strong, I then received an email that the auction had ended and the domain auction closed with a winner (not me); the domain was sold.
I was very surprised; I think the seller could have achieved more, especially since my super-seller bidding account kept placing bids automatically. So I reached out to him and asked and seller said it was just one of those quick decisions based on what he had been seeing and that you really never know with this stuff, which is true. Wished him luck at recognized at least he was looking at money-in-the-bank.
Hopefully there are no back-room deals going on over there.
- Has this happened to anyone else? Did an auction close while you were aggressively bidding and you thought you had it, in-the-bag, so to speak?
- Have you ever encountered any shill bidding, funny business, going on there?
- Any land-grabs miraculously disappear on you?
- Problems with sellers, buyers, brokers, out of the norm worth mentioning?
- Any ‘collusion’ with the ownerships’ other venues, if any?
Basically, as this venue seems to grow and mature, especially as more of a ‘domain’ marketplace, rather than just a ‘flipping’ website marketplace, what does everyone think of Flippa? I remember it as SitePoint back in the day, and at that time I thought of it mostly a place to sell developed websites, but I feel it has become more main-stream with domainers, especially since Flippa acquired Domain Holdings Group in 2015. It’s also been appearing an a venue on sales lists more often.
Added Later: There is a note in the comments section which mentions why I did not post the exact name in the story here; I was having trouble finding the closed / sold listing so I do not know if buyer and seller want the final price disclosed. See comment response to Jon.
About The Author: John Colascione is CEO of Long Island Media Inc., publisher of the largest group of Long Island New York based websites and one print newspaper collectively reaching over one million people per month. He is also CEO of Cars Digital Inc., Internet Advertising Inc., specializes in Website Monetization, authored Mastering Your Website, and is a key player in several Internet businesses through his holding company Searchen Networks®